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Apparel/Garments

Dhaka's cash incentive for export of synthetic-fabrics mix shoes, bags

06 Dec '24
1 min read
Dhaka's cash incentive for export of synthetic-fabrics mix shoes, bags
Pic: Adobe Stock

Insights

  • Exporters in Bangladesh will get cash incentive for shoes and bags made of a mixture of synthetic materials and fabrics under the bond and duty drawback facilities.
  • The government will offer 3-per cent cash assistance for goods shipped from February 1, 2024, to June 30, 2024.
  • A 2-per cent cash incentive will also be offered for goods shipped from July 1, 2024, to June 30, 2025.
Exporters in Bangladesh will receive cash incentive for shoes and bags made of a mixture of synthetic materials and fabrics under the bond and duty drawback facilities, according to a recent Bangladesh Bank circular.

The government will offer 3-per cent cash assistance for shipped goods from February 1, 2024, to June 30, 2024.

A 2-per cent cash incentive will also be offered for shipped goods from July 1, 2024, to June 30, 2025, domestic media outlets reported.

The other regulations for exporting shoes and bags made of synthetic-fabrics mix under bond facility will remain unchanged.

ALCHEMPro News Desk (DS)
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