Govt cuts import taxes on rice, diesel

The government has slashed import taxes on rice and diesel to 15.25 per cent and 22.75 per cent respectively until December 31, 2022.
The reduced import taxes came into effect from Sunday.
The Customs wing under the Internal Resource Division (IRD) issued two separate Statutory Regulatory Orders (SROs) in this regard.
Earlier, the government cut import duty on rice (boiled rice and non-boiled atap rice, except aromatic rice) to 25.75 per cent from 62.5 per cent until October 31, 2022.
In the latest SRO on rice, the IRD scrapped the previous SRO, issued on June 22, 2022.
Import tariff was 34 per cent on diesel, specified as light diesel oils and high speed diesel oils in the Customs Tariff schedule.

doulot_akter@yahoo.com