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PM orders to reduce import duty on 4 products

TBP Desk
29 Jan 2024 18:24:31 | Update: 29 Jan 2024 20:02:08
PM orders to reduce import duty on 4 products
Prime Minister Sheikh Hasina — PID File Photo

Prime Minister Sheikh Hasina on Monday directed the authority concerned to reduce import duty on four essential items – rice, edible oil, sugar and dates– ahead of the upcoming month of Ramadan.

The directive came from the cabinet meeting chaired by the premier at her office in Dhaka.

The prime minister has given a clear directive to decrease the duty on four items – edible oil, sugar, rice and dates — on the occasion of the upcoming Ramadan, said Cabinet Secretary Md Mahbub Hossain while briefing reporters at the secretariat, reports UNB.

Now, the National Board of Revenue (NBR) would assess how much the duty can be curtailed, he said.

The prime minister also asked all the concerned authorities to work in a coordinated way and monitor the market so that there would be no deficit in the supply of the goods against the demand in the market, he remarked.

While replying to a question, the secretary said now the importers do not face problems regarding opening Letters of Credits to import any essential goods.

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