Finance minister proposes duty cut for some goods and services
Staff Correspondent, bdnews24.com
Published: 04 Jun 2015 08:48 PM BdST Updated: 04 Jun 2015 09:56 PM BdST
Prices of several commodities and services may decline as the finance minister has proposed cut in taxes and duties on them.
AMA Muhith placed his budget proposals for FY 2015-16 in Parliament on Thursday with suggestions to increases in taxes and duties of some other goods but cutting down on those for some.
However, revision of taxes and duties is not always reflected in their prices.
The products and services for which tax and duty cut has been proposed are listed below.
Glucose, cocoa-coated chocolate, white chocolate (cocoa-coated), chocolate bar, sweet biscuit, wafer, toast, jam, jelly, grease, mosquito coil, toilet paper, overcoat, car coat, cape, suit, jacket, blazer, trouser, gents shirt, underwear, brief, nightshirt and pajama, ladies blouse, shirt, shirt-blouse, jersey, pullover, cardigan, petticoat, undergarments including panty, toothbrush, spectacles and their frame, sanitary napkin, towel, similar items for children, playing card and locally-made toys.
The minister also proposed cuts in supplementary duty on import of plastic goods from 15 percent to 10 percent.
Duty cut has been proposed for particle board.
-
Critics should look at rural changes: PM
-
Wheat prices jump amid war, India ban
-
Facing higher grocery prices, shoppers in US change habits
-
Taliban’s first annual budget foresees $501m deficit
-
IMF lifts weighting of dollar, Chinese yuan
-
Inflation fears send dollar to 20-yr high
-
Momen proposes ‘the Korean method’
-
US inflation simmers
-
Critics should look at positive changes at village level, says Hasina
-
Ukraine war, India ban push wheat prices higher in global markets
-
Facing higher grocery prices, shoppers in US change habits
-
Taliban's first annual Afghan budget foresees $501 million deficit
-
IMF lifts weighting of dollar, Chinese yuan in SDR basket
-
Fears that high inflation could crimp global growth send dollar to 20-yr high
Most Read
- US police say college student Zinat’s death was a suicide. Her family disagrees
- Exhausted, weak wild elephant prefers to stay close to humans
- U-turns are meant to de-clog Dhaka roads. Many believe they are doing the opposite
- Students from two colleges in Dhaka clash, disrupting traffic
- Growing evidence of military disaster on the Donets River pierces pro-Russian bubble
- Wanted over scams in Bangladesh, PK Halder and associates face grilling after arrest in India
- The extraordinary rise of PK Halder and the spectacular fall of firms he controlled
- 10 people killed and 3 wounded in shooting at Buffalo grocery store
- BJP leader slapped on camera over comments against veteran politician Sharad Pawar
- TCB postpones sales of goods at subsidised prices for poor