The central bank in Bangladesh announced that all leather product firms in the country can now receive cash incentives for exporting goods from their own factories. Firms exporting goods produced in other companies’ factories are not eligible. Previously, only 100% export-oriented companies qualified for the incentives.
The central bank’s Foreign Exchange Policy Department in Bangladesh announced that all leather product companies can now receive cash incentives for exporting goods from their own factories. Companies that export goods produced at different factories will not qualify for incentives. Previously, only 100% export-oriented companies were eligible for the incentives.
Multiple companies are receiving cash incentives for exports despite not meeting the export-oriented criteria, as reported by a local media outlet. These incentives have been available since 2000, with a 12% incentive currently offered for exported leather goods.
