AreaBangladesh

Commodity GroupRice

CommodityAll

Date07/02/2024

Policy CategoryTrade

Policy InstrumentImport tariff

DescriptionSuspended the customs duty levied on imported white and parboiled rice and it lowered the regulatory duty charged on these qualities from 25 to 5 percent, effective until 15 May 2024. Volumes imported at the reduced rates would be subject to Government approval. The move brought overall charges levied on these imported qualities (including the Customs Duty, Regulatory Duty, Advanced Tax and Advanced Income Tax) from a total 62.5 percent to 15.25 percent.