Import duty, regulatory duty reduced to boost supply of rice in market
- Update Time : Monday, October 21, 2024
- 29 Time View
DHAKA, RN Desk: The government has reduced import duty and regulatory duty on import of rice alongside withdrawing advance tax to keep the price of rice within the purchasing power of common people and thus keep it at a tolerable level.
The National Board of Revenue (NBR) issued a gazette notification in this regard. The move is expected to boost the supply of rice in the market and also to ensure food security for the common people.
Under the fresh decision, the import duty on rice has been reduced to 15 percent from the existing 25 percent, the regulatory duty to 5 percent from the existing 25 percent, and withdrew the existing 5 percent advance tax.
The NBR said that with such move, the price of per kg rice will reduce by Taka 14.40.
List of Advisers
Mohammad Ismail, Former Chairman, Board of Directors, Bangladesh Krishi Bank(BKB) & Prsident , Barisal Bibhag Kalyan Sangstha
Dr. Mohammad Shadi-Uz-Zaman, Managing Director, Natundhora Group, Co-Chairman, FBCCI Standing Committee on Land Developers
Md. Ali Hyder Talukder, Chairman, AHT Agro Industries Limited
Advocate Nasir Uddin Ahmed, Ex-General Secretary, Dhaka Taxes Bar Association
Advocate Munshi Abdur Rahman, A Valiant Freedom Fighter & Legal Adviser, European University Bangladesh, EUB
Dr. Md. Shah Alam FF, Deputy Managing Director, Sobuj Saya Goup
Md. Mahbub Hossain Bhuiya, Managing Director, Matrichaya Properties Ltd.
Md. Altaf Hossain, Senior District & Sessions Judge (Retd) & Legal Adviser, Agrani Bank Limited
Maqsuda Begum, Ex- Executive Director, Bangladesh Bank
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