Apparel manufacturers of Bangladesh will get 5 percent cash incentives from the Government against their export proceeds if sent through an electronic system known as telegraphic transfer (TT), in order to help them recover the losses caused by political unrest.
Apparel manufacturers of Bangladesh will get 5 percent cash incentives from the Government against their export proceeds if sent through an electronic#
According to a circular issued by Bangladesh Bank (BB), Apparel manufacturers of woven apparel, knitwear and terry towels are eligible to avail the benefits from the Government, after fulfilling conditions set by BB.
Apparel manufacturers of Bangladesh will get 5 percent cash incentives from the Government against their export proceeds if sent through an electronic#
The Government would also be cutting export tax by a half and increase cash incentives by one percentage point for garment exporters, which will cost the Government around 30 billion Bangladeshi Takas.
Apparel manufacturers of Bangladesh will get 5 percent cash incentives from the Government against their export proceeds if sent through an electronic#
The move was taken by the Government after three garment and knitwear makers and textile associations called on the Finance Minister in early December 2013, and placed a demand to support them to offset the extra cost following the recent hike in garment workers’ wages.
Apparel manufacturers of Bangladesh will get 5 percent cash incentives from the Government against their export proceeds if sent through an electronic#
As of now, clothing made from yarn is the only sector in Bangladesh that receives cash incentives for processing export proceeds through TT.
Apparel manufacturers of Bangladesh will get 5 percent cash incentives from the Government against their export proceeds if sent through an electronic#
Fibre2fashion News Desk - India
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