Since April of 2023, the Bangladesh Power Development Board (PDB) has been importing electricity from Adani’s power plant in Jharkhand, India, without paying over 31% in duties and taxes. In 2017, PDB signed a contract with Adani Power that illegally granted tax exemptions, resulting in significant revenue losses for the National Board of Revenue (NBR). Despite multiple requests from the NBR for an explanation, the Power Division has not responded. Documents reveal that Adani sought duty exemptions in June 2022, leading PDB to request NBR’s approval. The exemptions were granted without proper consultation, bypassing legal requirements. As a result, NBR has lost approximately Tk 3,023 crore in potential revenue from these imports. Additionally, the Power Division has not adhered to standard customs procedures, further complicating the issue. This exemption has significant financial implications, with Adani’s power sales generating substantial revenue without corresponding tax payments to Bangladesh.
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