The Bangladesh government has revised the cash incentive scheme for the fiscal year of 2015-2016, raising the rate of incentive for textile products export to the Eurozone area and leather goods. According to a circular, the government increased the rate of cast incentive for export of textile products to the Eurozone area to six per cent from the current four per cent. The sector gets cash incentive as an alternative to the duty bonds and duty drawbacks facility. The rate of cash incentive for export of leather goods has also been increased to 15 per cent from the current 12.5 per cent. The exporters who have already received the cash incentive at the existing rate will also be allowed for the additional benefit. They will have to apply within 30 days of the issuance of the circular.
