Bangladesh withdraws duty on sugar import to stabilize local market

DHAKA, Feb. 26 (Xinhua) -- Bangladesh's National Board of Revenue (NBR) on Sunday withdrew import duty on both raw and refined sugar in order to enable consumers to get the sweetener at reduced rates.

In a notification, NBR withdrew a 3,000 taka (about 28 U.S. dollars) specific duty on the import of raw sugar and 6,000 taka duty on refined sugar per tonne with immediate effect.

Apart from this, the NBR re