Deadline extended for rice import at reduced tariff | The Daily Star
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RMG shipments: At the mercy of highway robbers Next nat'l polls as per constitution: law minister Israel hits Gaza as conflict flares after West Bank clashes 'Mushfiqur's hunger is always there'  2 children die after falling off rooftop in Kamrangirchar Trekking in Nepal: A guide 5 Affordable Fast Food Spots in Dhaka Column by Mahfuz Anam: Who runs the country? Pharmacy owner dies in Satkhira road accident Road accident kills woman in Bhola Why I disagree with ‘Bangaleer Mediocrityr Shondhane’, the book that got Adarsha banned from Boi Mela ‘In/Visible’ –Women, Art, and Violence Adani shares fall after fraud claims, record sale begins DNC official sued over torturing 12-yr-old domestic help More than 160 Afghans die in cold weather
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Business

Deadline extended for rice import at reduced tariff

Star Business Report
Wed Dec 7, 2022 08:08 PM Last update on: Wed Dec 7, 2022 08:13 PM
Rice import from India

The National Board of Revenue (NBR) has extended the scope for traders to import rice at reduced tariff by three months to March 31 next year to facilitate increased supply of the staple food and contain its prices in the local market.

The NBR made the announcement today through a notification as the scope for importing rice at 15 per cent plus tariff was scheduled to expire on December 31 this year.

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On August 28 this year, the NBR slashed import duty by 10 percentage points to over 15 per cent to encourage private businesses to go for grain import and curb price hike.

The customs authority, on June 23 this year, first slashed import duty for rice import to 25.75 per cent from 62.5 per cent on condition that importers would be able to import the grains with permission from the food ministry.

This is the second time the NBR extended the deadline.

"We have issued the notification in line with the food ministry's recommendation and stabilise the food grains market," said a senior official of the NBR.

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