Paper exporters to get cash subsidies

Dhaka,  Tue,  06 December 2016
Published : 27 Nov 2016, 22:19:12

Paper exporters to get cash subsidies

Auger, Atar, animal wastes to enjoy same facility
FE Report


The government has included a few more exportable products in its cash subsidy list for the current fiscal year (FY) 2016-17, officials said.

Cash subsidy for products - Auger and Atar, and locally-produced paper and paper products - have been fixed at 20 per cent and 10 per cent respectively, according to separate notifications, issued by the Bangladesh Bank (BB) Sunday.

Besides, the exporters of intestines, horns and tendons of cow and buffalo will also get 10 per cent cash subsidy during the period under review, it added.

The exporters of intestines, horns and tendons of cow and buffalo will receive cash subsidy on the products against net repatriation of the FOB (free-on-board) prices from July 1, 2016 to June 30, 2017.

On the other hand, the exporters of Auger and Atar and locally-produced paper and paper products will receive cash subsidy on the products against net repatriation of the FOB prices from November 27, 2016 to June 30, 2017.

Talking to the FE, a senior official of the Bangladesh Bank (BB) said the central bank has issued the circular in line with the decision of the ministry of finance (MoF) on cash subsidy for the products.

He also expressed the hope that such cash subsidies will help increase exports of the products in the coming months.

The government had earlier announced a list of 20 exportable products that are eligible for receiving cash subsidy in the FY'17.

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