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BSS
  14 Oct 2021, 22:24

Import duty on onion withdrawn

   DHAKA, Oct 14, 2021 (BSS) - The National Board of Revenue (NBR) has

withdrawn import duty on onion till December 31 this year in order to
keep its price at a tolerable level.

   The NBR issued a gazette notification to this end today with
immediate effect. Earlier, the importers had to pay 5 percent import
duty.

    Meanwhile, the revenue board also reduced the regulatory duty on
import of non-refined sugar to 20 percent from 30 percent till
February 28, 2022. A separate notification has been issued in this
regard.

   Earlier, Bangladesh Tariff Commission had requested the government
to reduce import duty on these two popular kitchen items.

   Later, the Ministry of Commerce requested the NBR to reduce duty on
onion, sugar and edible oil.

   Earlier on Monday, the Ministry of Commerce also held an
inter-ministerial meeting to keep the price of essentials stable.

   Earlier on September last year, the NBR withdrew import duty on
onion which continued till March 31 this year.

   Later, the 5 percent import duty on onion was restored from April.

  

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