Special Correspondent: The government has decided to give cash incentive against export receipts of 13 new products from this fiscal year.
The decision came on Monday at an annual review meeting held at the Ministry of Finance with finance minister AHM Mustafa Kamal in the chair.
The new products include medical instruments and appliances, stomachs, horns and bones of cows and buffaloes, particle board made of jute stick, handicrafts made of garment waste (jhute), products made from nut leaf (Suparir pata), software, hardware and ITS products, crops and vegetables, pharmaceutical products, chemicals and agro-processing products exported from Bangladeshi-owned firms at Export Processing Zones and synthetic products produced in Hi-Tech parks.
Briefing reporters after the meeting, Finance Secretary Abdur Rauf Talukdar said providing cash incentive to some of the new products including one-time plates made of areca leaf, home appliances and chemicals would depend on verification by Customs.
He said they also decided to replace certificate of department of environment by livestock ministry against export of Kuicha (worms) for giving cash incentive.
Rauf said Bangladesh Bank would not raise any question to providing 2 percent cash incentive if a Bangladeshi sent remittance worth less than US$ 1,500 in a single transaction.
“The BB will ask for supporting documents to give the incentive on remittance exceeding $1, 500,” he said.
He said they kept aside an additional amount of Tk 2,800 crore in the current fiscal year to give cash incentive to readymade garment sector after the government decided to give one percent cash incentive against the export of apparel items in markets of the US, EU and Canada.
risingbd/Dhaka/Aug 6, 2019/Hasnat/AI