Bangladeshi jute goods to enjoy duty-free access to India
All Bangladeshi jute and jute goods will enjoy duty-free access to India as Delhi has withdrawn all para-tariff duties on the items on 23 December following a request of the Bangladesh government. The Indian government on January this year imposed 14 percent duty including 4 percent for countervailing duty on Bangladeshi jute and jute goods of HS Code 5307, 5310, 5607, 5705 and 6305, according to a handout.
Following a request from the Bangladesh government, the Indian authority has withdrawn duty on items bearing HS Code 6305 on 14 February, while that for item under HS code 5310 and 5705 was lifted on 20 April and 5307 and 5607 on 23 December this year.
Meanwhile, in a statement, the commerce ministry has expressed concern over news items published in different national dailies over hike in prices of essentials.
The commerce ministry believes that the prices of essentials at the kitchen markets are going downward. Edible oil is an import-based item and the prices of loose edible oil went up in the market with rise in the rate of US dollar.