Friday, March 29, 2024

BARVIDA wants end to ‘discriminatory’ valuation method

The Bangladesh Reconditioned Vehicle Importers and Dealers Association on Thursday demanded an end to ‘discriminatory’ valuation method in calculating customs duty on import of reconditioned vehicles and sought introduction of a rational method to save the sector. The BARVIDA also demanded that the National Board of Revenue reduce

Port city loses glory in car business

Sales of reconditioned vehicles have fallen in the port city in recent years due to a price hike. The trend is also likely to continue as the government, in this year’s financial budget, has only allowed the import of vehicles up to three years old and the prices of cars in the Japanese market have ... Read more