10pc cash incentive for tobacco exporters
Star Business Report
In a bid to increase tobacco export, the government has decided to provide 10 per cent cash incentive to the tobacco exporters.The central bank has already sent necessary guidelines to all the commercial banks asking them to extend the special facility. The cash incentive will be given by the bank branch, which negotiated the export documents concerned, against the net export value. Tobacco exporters who made their shipments after the Bangladesh Bank circular issued on November 22 can enjoy the facility submitting necessary documents including bill of lading, commercial invoice, packing list and bill of exports. The banks will examine all the documents deposited by the exporters and audit them through the central bank appointed audit firms. The exporters can apply for cash incentive within 180 days of repatriation of the foreign exchange against the export consignment.
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