The Bangladesh government has announced cash incentives to 19 export products for the current fiscal year to promote overseas sales, but has reduced the assistance for leathergoods to 12.5% from 15%.

The central bank published the incentive circular on its website on 17 July 2011.

The circular said local textile goods will get 5% cash incentive as an alternative to tariff bonds and duty drawbacks.

Finished leather will get 4% and crust leather 3% incentives.

The incentives will be provided for products shipped within July 1, 2011 to June 30, 2012, the circular said.

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