BTMA seeks withdrawal of import duty on dyeing chemicals
Star Business Report
Bangladesh Textile Mills Association (BTMA) in its budget reaction yesterday demanded exemption of value added tax (VAT) and import duty on dyeing chemicals, saying that tax on chemicals is zero in other textile-making countries.BTMA, however, appreciated the exemption of import duty on cotton waste for the terry towel industry. PLASTIC GOODS MANUFACTURERS
Bangladesh Plastic Goods Manufacturers and Exporters Association in its reaction said the highest import duty on the raw materials of plastic industry is a self-destructive step for the industry. It demanded the government to fix the import duty at 7.5 percent. Some 16 types of plastic papers, used for wrapping purposes, are not produced locally. So, the increase of supplementary duty from 15 percent to 20 percent will pave the way for foreign goods, it added. TEXTILE MILL OWNERS
Bangladesh Textile Mill Owners Association Chairman Md Afzal Hossain in a statement termed the budget a welfare-oriented, pro-people and industry friendly. "This budget will bring about a positive socio-economic change in the country provided the proposed ADP is implemented and the targeted revenue collected." FINISHED LEATHER, LEATHER GOODS EXPORTERS
Bangladesh Finished Leather, Leather goods and Footwear Exporters' Association and Bangladesh Tanners Association in a joint reaction yesterday expressed frustration for not giving any cash incentives to tannery export, for which they have long been demanding. ELECTRICAL ASSOCIATION
Bangladesh Electrical Association Chairman Shahadat Hossain Bhuiyan in his reaction severely criticised the proposed 20 percent supplementary tax on lamp and light fittings in the new budget. He demanded full exemption of supplementary tax from all types of light fittings, except the special light brackets and the decorative lights.
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