2 percent incentive for exports of synthetic-fabric shoes and bags

The government has announced a 2 percent cash incentive for the export of footwear and bags made from a combination of synthetic and fabrics. This benefit will be applicable to products exported between July and December this year.

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Trade Desk

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The Foreign Exchange Policy Department (FEPD) of Bangladesh Bank issued a notification in this regard on Thursday (July 24).

It states that this incentive will only apply to products that will be shipped between July 1 and December 31, 2025. Products exported outside of this period will not be covered by this benefit.

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Goods exported under customs bond or duty-drawback facility will also receive this cash assistance. However, the existing policies and conditions for the incentive will remain unchanged.

 

In addition, Authorized Dealer (AD) banks have been instructed to strictly follow the applicable guidelines while distributing incentives. Necessary instructions have also been sent to the CEOs and head offices of all banks in this regard.