Published at: BSS, April 01, 2019
National Board of Revenue (NBR) would consider removing the existing disparity between the duties on the imported new and reconditioned cars.
Chairman Md Mosharraf Hossain Bhuiyan said this in response to a demand raised by the leaders of Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) at a pre-budget meeting at NBR Auditorium here today.
“We would try to consider removing the duty disparity in next national budget,” he said, referring to the presentation on the duty structures regarding the imported new and reconditioned cars by the BARVIDA leaders.
The NBR chairman said the price of new car has to be fixed similarly with the international market so the importers could not show lower price than the actual one.
Citing the budget of this fiscal, he said the import of hybrid cars has been encouraged that is why the number of those fuel efficient cars is now increasing to reduce dependency on fuel.
Mosharraf Hossain said the government does not encourage car assembling in the country rather it would frame a policy for car production and motivate the entrepreneurs.
BARBIDA President Habibullah Don and leaders were present at the very first meeting, as NBR would hold series of pre-budget meetings with different stakeholders to prepare the national budget for the next fiscal year.
Habibullah Don made a proposal for full withdrawal of duty on the import of environment friendly electric cars and restructuring of CC slabs and supplementary duties on hybrid cars.
He also insisted on reduction of supplementary duties on 12-15 seat microbus.
Later, the NBR Chairman joined a view exchange meeting with leaders of Bangladesh Ceramic Manufacturers and Exporters Associations.
He told them that NBR would try to find out mechanism to shield the local industry.
