ZCZC
BSS-42
CASH INCENTIVE-MEETING
Govt will provide cash incentive to new products
DHAKA, Aug 5, 2019 (BSS) – The government today decided to provide cash
incentive for the export of new products including medical and surgical
instruments, home appliances and guts, stomachs, horns and bones of cows and
buffaloes.
The government also decided to ask for documents to give cash incentive to
remittance exceeding US$1,500.
It will also provide cash incentive to the export of one-time plates made
of areca leaf, particle board, jhut (waste) of the readymade garment,
chemicals and agro-processing products in the export processing zones and
software in the hi-tech parks.
Besides, synthetic items produced in the export processing zones, pet flex
have been included in the cash incentive basket at a meeting today chaired by
Finance Minister AHM Mustafa Kamal at the Bangladesh Secretariat.
Briefing reporters after the meeting, Finance Secretary Abdur Rauf Talukdar
said providing cash incentive to some of the new products including one-time
plates made of areca leaf, home appliances and chemicals would depend on
verification by Customs.
He said they also decided to replace certificate of department of
environment by livestock ministry against export of Kuicha (worms) for giving
cash incentive.
Rauf said Bangladesh Bank would not raise any question to providing 2
percent cash incentive if a Bangladeshi sent remittance worth less than US$
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.
BSS/ASG/GM/ AS/ 2000 HRS