The National Board of Revenue (NBR) Chairman Md Ghulam Hussain yesterday disclosed that the supplementary and regulatory duty would be imposed only on those imported products, which are hazards for health and environment, under the newly amended value added tax (VAT) law and supplementary duty act scheduled to be enforced from July 1, 2015.
Ghulam Hussain yesterday came up with the disclosure while representatives from the Ceramic Manufacturers Association of Bangladesh (CMAB) attended a pre-budget meeting with the NBR held at its headquarters in the capital.
The representatives of the (CMAB) proposed the NBR officials to impose more duties in the import of finished ceramic products.
In response NBR chief said: There will be neither regulatory duty (RD) nor supplementary duty (SD) on any other products, excepting some harmful items from the list of 147 under the existing Harmonised System of Code (HS code).
“If you do not prepare yourselves from now on, what would you do when both the RD and SD would be withdrawn from the list of the HS code from July, 2015,” NBR chairman questioned the CMAB leaders.
Some of the products, which will be put under RD and SD, are soft drinks, non-alcoholic beers, beer made from malt, wine of fresh grapes, un-manufactured tobacco, cigars, cheroots, cigarettes and cigarillos containing tobacco, bidi or others made by hand or non-mechanically, marble and travertine, granite, portland cement, gas oil, fuel oil, natural gas, perfume and natural waters, ceramic building bricks, flooring blocks, support or filler tiles, air conditioning machines comprising a motor-driven fan and elements for changing the temperature and humidity, refrigerators, freezers and other similar articles, heat pumps, refrigerating furniture, motorised three-wheelers and auto-rickshaws, motorcycles in CBU or CKD condition with four-stroke engine etc.
Services subjected to the imposition of SD or RD includes hotel and restaurant and SIM card suppliers.
