Tariff cuts on some 350 items likely in new budget
Dhaka, June 6 -- A slew of business-friendly measures, including tariff cuts on nearly 350 items, may be stipulated in the upcoming national budget in a taxation remodelling by the new government.
In a move to rationalise trade taxes, the National Board of Revenue (NBR) lately plans to reduce customs duty on around 70 items, regulatory duty on 210 items, and supplementary duty on 60 items.
The National Tariff Policy and Trade Facilitation Agreement (TFA) has been followed to rationalise the tariffs, officials say.
Revenue officials say the proposed changes are carefully designed to ensure that local manufacturers do not face undue pressure.
The items under consideration include consumer goods, spices, a wide range of ICT products, suc...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.