FBCCI urges Bangladesh govt to introduce GST instead of VAT

Importers of essential commodities and raw materials also demanded proper management at ports and an end to the harassment of customs and shipping agents.

Such harassment costs additional time and money for traders, raising business and production costs, an FBCCI press release said citing the importers.

Customs authority fines up to 300 per cent for unintentional mistakes in the harmonised system (HS) codes and shipping agents charge various other fees, which cost additional Tk10 crore per day, Bangla media quoted importers as telling the committee.

Goods are often sent to different university labs to be examined, and this takes more than a month, causing interruption in the supply chain, businessmen rued.

Fibre2Fashion News Desk (DS)