Like last year over 150 goods and products of 14 categories will get cash incentive against their exports during the current 2015-16 financial year (FY16).
Bangladesh Bank (BB) on Monday in a circular announced the rate of the cash incentive ranged between 2.0 per cent and 20.0 per cent. Fish, frozen with over 40 per cent ice, will get the lowest 2.0 per cent while potato, halal meat and agro-products will get the highest 20.0 per cent cash incentive, reports BSS.
The handicraft items made out of elephant grass (hogla), paddy straw (khor) and sugarcane bark (akher chobra) will receive 15-20 per cent while light engineering will get 15.0 per cent cash incentive.
Exporters of leather products will be given 12.50 per cent when 10.0 per cent cash incentives will be entitled to exporters of diversified jute products and pet bottle and flex and the fish frozen with no more than 20.0 per cent ice.
Finished jute products will get 7.5 per cent when 5.0 per cent cash incentive will be offered against exports of jute yarn, ship and bone dust.
Small and medium garment factories would get 4.0 per cent and the apparel sector 4.0 per cent additional cash subsidy instead of bond and duty drawback facilities.
Exporters will get 3.0 per cent cash incentives for exporting new products and exploring new market outside USA, Canada and EU.
BB in the circular asked all authorised dealers (AD) of foreign exchange to offer the cash incentive on the products against net repatriation of the FOB (freight on board) prices from July 1, 2015 to June 30, 2016.