Finance minister AMA Muhith on Thursday proposed to reduce customs duty on the import of capital machineries to 2 per cent from 3 per cent. He also proposed to reduce customs duty on intermediate raw materials to 10 per cent from 12 per cent. Muhith, in his budget speech placed in Jatiya Sangsad
import duty
Import duty on fire equipment to be cut
The government will reduce the import duty on fire fighting equipment for export-oriented industries, including readymade garments, in the budget for the next fiscal year 2013-2014. National Board of Revenue officials on Tuesday said that the fire fighting equipment would be considered as capital machinery for which businesses pay
Tanners, leather exporters want import duty cut on chemicals
Leaders of the tanners association, leather goods exporters and chemical importers on Thursday demanded that the National Board of Revenue eliminates the disparity in duty structure on imports of chemicals for the leather sector under bond licence, without bond and commercial import category.
Local makers demand more import duty on refrigerator
Importers want duty cut The Bangladesh Refrigerator Manufacturers Association on Tuesday demanded that the National Board of Revenue should increase supplementary duty on import of refrigerator and freezer to 60 per cent from the existing 30 per cent to attract more investment in manufacturing industry in the country. At a pre-budget discussion with the NBR,
Local manufacturers demand duty rise on motorcycle import
Motorcycle manufacturers and exporters on Sunday demanded that the National Board of Revenue should increase supplementary duty on import of complete knock down (CKD) and complete built unit (CBU) motorcycles to 60 per cent from 30-45 per cent to protect the local manufacturing industries. At a pre-budget discussion with the NBR,