AreaBangladesh

Commodity GroupRice

CommodityAll

Date22/06/2022

Policy CategoryTrade

Policy InstrumentImport tariff

DescriptionCut import duties and charges (including the Customs Duty, Regulatory Duty, Advanced Tax and Advanced Income Tax) levied on non-fragrant parboiled and white rice from a total 62.5 percent to 25 percent. Volumes imported at the reduced rates would be subject to approval by the Ministry of Food and would need to be brought into the country by 31 October 2022. Importers would also be required to open Letters of Credit by 15 July 2022, although reports suggest this deadline was postponed.