Govt cuts duty on diesel, rice imports by 10pc

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Dhaka, Aug 28: The government has reduced duties on diesel and rice imports by 10% effective immediately.

The Internal Resource Division under the Ministry of Finance issued an order in this regard on Sunday.

With the reduction, the duty on diesel import comes down to 25% and rice to 15%.

The 10% cut for diesel import comprises 5% customs duty and 5% advance duty.

To provide relief to the vulnerable from high staple prices, the government has taken several steps.

The Cabinet Division recently sent a letter to the National Board of Revenue to fully withdraw the existing 25.75% import duty and tax to ensure sufficient rice imports to meet the country’s food needs.