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Raising duty on infant food ingredient likely to encourage imports

The steep 200 per cent hike in customs duty on the import of malt extract — used for food preparations for infants and children — would allegedly provide a competitive advantage for importers, affecting local producers.

Nestle urges NBR not to raise duty on infant food ingredient

Nestle Bangladesh Limited urged the National Board of Revenue to reinstate the 5 per cent customs duty on the import of malt extract — used for food preparations for infants and children.