DHAKA, Feb. 8 (Xinhua) -- Bangladesh's National Board of Revenue (NBR) on Thursday withdrew customs tariff and slashed regulatory duty on rice, sugar and dates, and lifted value-added tax (VAT) on edible oil with immediate effect.
In a notification, NBR withdrew a 25 percent customs duty for rice import, and lifted VAT on edible oil. It reduced the specific duty for import of raw sugar to 1,000 taka per tonne from 1,500 taka earlier.
Also, the revenue board slashed import duty for dates to 15 percent from 25 percent in an effort to keep prices affordable during the Muslim holy fasting month of Ramadan, which is to begin here on or around March 11. (1 U.S. dollar equals to about 110 taka). ■