FBCCI urges Bangladesh govt to introduce GST instead of VAT
28 Oct 22 1 min read
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.
- Equal import availability sought by Bangladesh RMG accessories makers
- Surge in Bangladesh freight rates again: Reports
- Inflation in Bangladesh rises to 9.89% in May from 9.74% in April
- Malaysia keen on FTA partnership with Bangladesh: Reports
- Bangladesh receives $3.004 bn in FDI in 2023, a decrease of 14% YoY
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)
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