Government to provide incentives for the export of bicycles produced in the country

Dhaka, November 11: In case of export of bicycles and its parts manufactured in its own factory, the manufacturer or exporter will get incentive at the rate of 4 percent on the net FOB (price up to ship). In this case, the rate of local value added for the export of bicycles and their parts should be at least 30 percent. Export incentives and duty draw-backs or duty bonds will not apply simultaneously in this sector.