Dhaka, Dec. 9 -- The government is set to revise the Free of Cost (FoC) raw material-import ceiling in the upcoming amendments to the Import Policy Order 2021-2024, aiming to safeguard local industries, strengthen domestic value addition, and support to investment in backward linkage industries, according to ministry sources.

Officials said revised FoC benefits may vary across sectors depending on the capacity of backward-linkage industries and the level of local value addition in export goods. The revised proposals will soon be placed before the advisory board for approval.

Apparel exporters, however, argue that relaxing or fully opening the FoC limit could bring significant benefits.

They estimate that lifting the ceiling could gener...