Dhaka, March 19 -- State-run Bangladesh Trade and Tariff Commission (BTTC) has recommended extension of duties, taxes and VAT-exemption facilities on edible oils until June 30, aiming to keep the prices and supply of such oils stable in the local market.

It requested recently the National Board of Revenue (NBR) to take necessary measures in this regard so that prices and supply of cooking oils-soybean, palm, sunflower and Canola oils-remain stable during the upcoming Eid-ul-Fitr and Eid ul Azha.

Earlier in December 2024, the board issued a circular, offering the tax exemptions on both refined and unrefined edible oils until March 2025.

The VAT on imports of edible oils, including Soybean and palm oils, reduced to 5.0 per cent. Later, t...