Govt withdraws onion import duty, waives for sugar
The government has withdrawn the prevailing 5% duty on the import of onion to increase the supply of the commodity in the markets.
The regulatory duty on sugar import was also reduced to 20% from 30%.
The Internal Resources Division (IRD) under the Ministry of Finance issued two seperate gazettes in this regard on Thursday evening.
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The decisions came when the prices of the daily essentials keep soaring in the local markets.
Onion is now selling at Tk70-80 per kg, up from Tk40 a month ago in the local markets.
Earlier on 11 October, the commerce ministry sent a letter to the National Board of Revenue (NBR) to withdraw the duty on import of onion.
