The NBR of Bangladesh lifts import duty on sugar

The National Board of Revenue (NBR) on Sunday waived the import duty on both raw and refined sugar to allow consumers to control prices. In a notification, the customs authority withdrew Tk3,000 duty on import of raw and Tk6,000 on refined sugar per tonne, with immediate effect. After the reduction, the overall import cost of raw and refined sugar is expected to decline by Tk6,500 and Tk9,000 per tonne respectively, according to an estimate by the NBR. At the same time, the NBR also reduced regulatory duty on import of sugar from 30% per cent to 25%, the notification also read. The reduced import ...