Staff Reporter :
The government has imposed 10 per cent duty on onion import to “ensure fair price for local growers” for the product as the neighbouring country had withdrawn the ban on export of the item.
It has also reduced duty on import of rice by 5 per cent to keep the prices of the staple stable following constant hike in the prices in domestic market.
The National Board of Revenue (NBR) on Thursday issued three separate statutory regulatory orders in this regard.
In two separate SROs, the NBR reinstated 5 per cent customs duty and newly imposed 5 per cent regulatory duty on onion import.
Earlier on January 1 India lifted the ban which was imposed on September 14 on export of onions causing decline in price of onions in Bangladesh affecting local growers.
The revenue board, through another SRO, also withdrew 25 per cent RD and reduced customs duty to 10 per cent from 25 per cent on import of rice.
Officials said the NBR took the decision following the instructions of the government high-ups and the new duty structure would significantly create impact on the market.
