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Intent on discouraging imports

Bangladesh National Board of Revenue increases duties on 135 items

The Bangladesh National Board of Revenue has imposed additional duties on 135 foreign products - from fruits to flowers - to discourage their imports and ease pressure on reserves of foreign exchange currencies.

The NBR notification stated that 20 per cent regulatory import duty has been slapped on over135 HS-coded products such as foreign fruits, foreign flowers, furniture and cosmetics effective from Monday. The much anticipated move is likely to discourage import of the expensive products and ease the pressure on foreign exchange reserves.

The new regulatory duty applies - among others – on fresh or processed mangoes, bananas, grapes, figs, pineapples, avocados, guava, mangosteen or cabbages, lemons, watermelons, plums, apricots and cherries.

Source: unb.com.bd


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