FBCCI in Bangladesh wants no supplementary duty on domestic goods

As the government cannot protect the domestic industry as it is doing now after Bangladesh graduates from the least developed country (LDC) status, initiatives should be taken to strengthen the domestic industry through tax and duty exemption till 2026, Jashim Uddin said.

The FBCCI chief demanded an assessment of whether the various automation projects undertaken by the government in revenue management are being implemented properly.

At the meeting, Bangladesh Textile Mills Association (BTMA) president Mohammad Ali Khokon demanded the repeal of tariffs on man-made fibre in the next budget, a single rate of duty on the import of spare parts and retention of 15 per cent corporate tax on textiles till 2030.

Committee member Snehashish Barua suggested rationalising the advance tax rate and formulating a single rate of VAT in the next budget, according to Bangla media reports.

ALCHEMPro News Desk (DS)