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BSDB propose raising duty on imported silk yarn and fabric

Related Keywords: Bangladesh Silk Development Board, BSDB to produce Mulberry saplings, forcing many silk farmers, increase duty on imported silk yarn and fabric, led to the poor use of local product, lower duty on imported silk yarn and fabrics, move to other professions, proposes National Board of Revenue, save local silk industry and enhance production

Bangladesh Silk Development Board (BSDB) in its working plan (2016-17) has suggested proposing National Board of Revenue (NBR) to increase the duty on imported silk yarn and fabric to save local silk industry and enhance production. As lower duty on imported silk yarn and fabrics has led to the poor use of local product, forcing many silk farmers to move to other professions. BSDB mentioned this to the Parliamentary Standing Committee on Ministry of Textiles and Jute.

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