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The central bank on Sunday halved the rate of cash incentives on the export of 42 products effective from 1 July.
Crust leather has appeared as the only export product for which cash incentive has been increased.
The factories producing crust leather in the Savar tannery estate or any other facility with effluent treatment plants will get 6 per cent cash incentives.
Bangladesh Bank issued a circular on Sunday making the changes.
According to the circular, the new rates will remain effective until June 30, 2025
The incentives were cut down earlier on February 12, 2024.
The central bank circular said the reduction was made as Bangladesh is going to graduate from the least developed countries (LDCs) status in 2026.