AreaBangladesh

Commodity GroupRice

CommodityAll

Date12/08/2021

Policy CategoryTrade

Policy InstrumentImport tariff

DescriptionReduced import duties and charges (including the Customs Duty, Regulatory Duty, Advanced Tax and Advanced Income Tax) on non-fragrant parboiled and white rice from a total 62.5 percent to 25 percent, effective until 30 October 2021. Volumes imported at the concessionary rates would need to constitute 5% broken rice, and would be subject to approval by the Ministry of Food, to be sought by 25 August 2021. Moreover, importers would be required to open Letters of Credit within 15 days of receiving official import approval, while ensuring that approved shipments are marketed by 25 September 2021.