• Friday , 21 Jul 2017
Published : 19 Jun 2017, 21:34:35 | Updated : 20 Jun 2017, 10:30:47AA-A+
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Rice import rules relaxed

Samakal Correspondent
The Central Bank of Bangladesh today issued a circular to all commercial banks advising to open Letter of Credit (LC) with zero margin importing rice to ensure adequate supply in the local market across the country.


For stabilising the rice price in the local market, the rice importers will now be allowed to import rice without making any advance payment, according to the order given by the Bangladesh Bank.


The circular also added, the facilities will be given to the rice importers till December, this year.


Bangladesh Bank (BB), in its circular, also said the recent floods and heavy rains in some parts of the country have created instability in the rice market.Bangladesh Bank (BB), in its circular, also said the recent floods and heavy rains in some parts of the country have created instability in the rice market.


Planning Minister AHM Mustafa Kamal, meanwhile, suggested the authorities concerned not to impose VAT on imported rice after Food Minister recommended the same.


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