Bangladesh Bank has announced that the cash incentive for leather goods exports for the current fiscal 2011-12 would continue to remain at 15 percent, and would not be reduced to 12.5 percent as declared earlier.
On July 13, the Government had declared cash incentives on export of 19 items during the current fiscal, and the incentives on leather goods was slashed from last fiscal’s 15 percent to 12.5 percent for the current fiscal that began on July 1, 2011.
