The National Board of Revenue (NBR) has imposed up to 20 percent regulatory duty at the import stage on some 135 products including fruits, flowers, furniture and cosmetics to discourage import of the items and thus to save foreign currency.
The NBR issued a Statutory Regulatory Order (SRO) yesterday in this regard which also came into immediate effect, NBR Public Relations Officer Syed A Mumin told Banglanews.
According to him, the decision has been taken in order to discourage import of such products alongside rebuilding economy following the COVID-19 pandemic and also to reduce dependency on the luxurious items.
The highest 20 percent regulatory duty has been imposed on wooden and iron furniture and furniture raw materials, pick up and double cabin pick up vans while 15 percent regulatory duty has been imposed on vehicle engines.
Besides, regulatory duty of 3 to 10 percent has been imposed on tyres and rims.
Besides, as raw material to construction items, regulatory duty of 3 to 10 percent has been imposed on iron rod and billets while regulatory duty of 5 percent has been imposed on import of fly ash.
Apart from these, some 20 percent regulatory duty has been imposed on import of perfumes, hair and skin care items, shaving items while some 15 percent regulatory duty has been imposed on oxygen, nitrogen, argon and primary Medicare items alongside 3 to 10 percent import duty on fiber optics and various types of wires.
Besides, the NBR also slapped 20 percent regulatory duty on import of foreign mangoes, apples, watermelons and nuts.
BDST: 2005 HRS, MAY 24, 2022