Desk Report
Publish: 14 Oct 2021, 08:09 pm
Govt Scraps Onion Import Duty, Waives for Sugar || Photo: Collected
The government has withdrawn the prevailing 5%
duty on the import of onion to increase the supply of the commodity in the
markets.
The regulatory duty on sugar import was also
reduced to 20% from 30%.
On Thursday evening, the Ministry of Finance's
Internal Resources Division (IRD) issued two separate gazettes in this regard.
The decisions were made since the cost of daily
necessities in local marketplaces continues to rise.
In the local marketplaces, onions are currently
selling for Tk70-80 per kg, up from Tk40 a month ago.
On the 11th of October, the trade ministry
wrote to the National Board of Revenue (NBR) requesting that the levy on onion
imports be removed.
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Topic : Onion Import Duty
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