Global Trade Alert
Global Trade Alert

Bangladesh: Import duty exemption on imports of furnace oil by power plants withdrawn

Announcement

11 Jun 2020

Bangladesh has withdrawn an import duty exemption facility for imports of furnace oil for use in power plants.

Source

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

11 Jun 2020

Revocation date:

No revocation date

Updated: 11 Jun 2020
Tax or social insurance relief In force
On 11 June 2020, the Bangladesh government has withdrawn a customs duty exemption on the imports of furnace oil when imported for use in power plants. This action only applies to a subset of the poten...
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Implementation date

11 Jun 2020

Revocation date:

No revocation date

Updated: 11 Jun 2020
Import tariff In force
According to several news reports, on 11 2020, the government of Bangladesh withdrew a customs duty exemption on the imports of furnace oil to be used in power plants. Henceforth, a 12 % duty will be ...
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