The Bangladeshi government has announced that renewable energy projects in the country will get a 10-year tax exemption. The National Board of Revenue (NBR) issued a notification on 29 October 2024 granting renewable energy projects 100% tax exemption for the first five years, 50% for the next three, and 25% for the following two years. The tax holiday will apply to power plants starting commercial operations between 1 July 2025 and 30 June 2030. Eligible plants are those built under the build-own-operate (BOO) model outlined in the Private Sector Power Generation Policy. The plants should meet all policy conditions and be operated according to the policy guidelines.
U.S. Customs and Border Protection has reclassified effective from 14 October certain woven upholstery fabric as other woven fabrics under HTSUS 5515.12.00 (12 percent duty) rather than as coated textile fabrics under HTSUS 5903.90.2500 (7.5 percent duty).
The Consumer Product Safety Commission is extending until 25 January and 1 February, respectively, the deadlines to submit public input on separate proposals to adopt mandatory safety standards for (1) residential gas fired central furnaces, boilers, wall furnaces and floor furnaces, and (2) table saws.
U.S. Customs and Border Protection is proposing to reclassify certain woven upholstery fabric made in mainland China as other woven fabrics under HTSUS 5515.12.00 (12 percent duty) rather than as coated textile fabrics under HTSUS 5903.90.2500 (7.5 percent duty).