AreaBangladesh
Commodity GroupOilseeds, oils and meals
CommodityVegetable oils
Date01/04/2021
Policy CategoryConsumption and marketing
Policy InstrumentMarket regulation
DescriptionTemporarily suspended the 4 percent advanced tax collected on imports of unrefined vegetable oils and refined palm oil, in a bid to stabilize edible oil retail prices during the Ramadan period.
NotesBANGLADESH market regulation: Consistent with earlier announcements (see MPPU Apr.21), the Government temporarily suspended the 4 percent advanced tax applied to imports of unrefined vegetable oils and refined palm oil, in a bid to stabilize edible oil retail prices during the Ramadan period.