The Government of Bahamas has urged the garment companies in the country to avail the duty benefits to reduce the cost of importing goods.
In a statement released by the Ministry of Finance, it was mentioned that nearly 154 applicants have been granted the benefits ever since the policy was announced in July 2018.
The Ministry has said that it will encourage other businesses also to take complete advantage of the tax benefits to not only reduce the business cost but also the price for retail shopping.
The garment and shoe firms have been asked to advertise this in their outlets and inform the consumers about the low prices that resulted from the custom duty being waived off.
The Ministry made it clear that it will also conduct spot checks on these stores to determine their compliance and also to check whether the consumers have been properly communicated about the reduction of price.
To waive off the duty by 20 per cent would not only make shopping affordable but also increase competitiveness among local retailers.
Bharat Tex Special Report 2026 
