Dhaka, Feb. 12 -- Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) wants an increase in their depreciation facility from 35 percent to 50 percent in the case of import of reconditioned motor vehicles in the next budget.

The BARVIDA president Md. Habib Ullah Don gave this proposal to the National Board of Revenue (NBR) at the pre-budget discussions on Monday.

BARVIDA President said that the provision of providing the highest rate of depreciation in the first year for any product is internationally accepted. For age calculation to provide depreciation, the year recorded is treated as current as per the import policy.

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In terms of determining the rate of deprec...