FROM PAGE B4

The National Board of Revenue (NBR) cut the duty on rice imported between June 22 and October 31 to 25.75 per cent from 62.5 per cent to facilitate the purchase of the cereal from international markets as prices have risen in the local market.

Fine rice is being sold for between Tk 64 and Tk 80 per kg in the kitchen markets in Dhaka today. The prices were up 7.46 per cent from a month ago, according to the Trading Corporation of Bangladesh (TCB).

Prices of coarse rice remained unchanged in the past one month, TCB data showed.

In order to avail the tax waiver, importers will have to take permissions from the food ministry for every shipment, according to the NBR.