Duty free concessions have been declared for import of 2,000 CC hybrid motor car or micro-bus, or up to 4,500 CC hybrid jeep or one electric motor-run vehicle or other vehicles with only electric motor propulsion
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Tribune Report
Publish : 06 Jan 2022, 07:25 PMUpdate : 06 Jan 2022, 07:26 PM
Members of the Parliament (MPs) will be able to import duty-free hybrid electric vehicles (EVs) from now on.
According to a statutory regulatory order (SRO) signed by the National Board of Revenue (NBR) chairman Abu Hena Md Rahmatul Muneem on Wednesday, duty free concessions have been declared for import of 2,000 CC hybrid motor car or micro-bus, or up to 4,500 CC hybrid jeep or one electric motor-run vehicle or other vehicles with only electric motor propulsion.
The list of vehicles includes fuel-run vehicles not more than 1,650 cc, diesel fuel-run vehicles not more than 1,800 cc; 2,000 cc hybrid vehicles; 2,000 cc fuel-run microbuses; 2,000 cc fuel-run hybrid microbuses; 3,000 cc jeeps; hybrid 3,000 cc jeeps; fuel-run 4,500 cc jeeps; and hybrid 4,500 cc fuel-run jeeps.
An NBR official said that the duty-free facility for EVs was introduced for the lawmakers given its surging popularity worldwide.
Bangladesh has been importing hybrid and electric vehicles for a while now and the new order has been passed to allow MPs to import these vehicles duty-free. All other benefits for importing vehicles under the duty-free facility would remain unchanged, he added.
This is in addition to existing benefits allowing MPs to import duty free 1,650 CC petrol or gasoline-run motor vehicles or up to 1,800 CC diesel-run motor vehicles or up to 2,000 CC microbus, up to 3000 cc petrol or gasoline-run jeep, 4,500 cc diesel-run jeep.
An MP can import one vehicle during his/her tenure without having to pay customs duty, sales tax, development surcharge and import permit fee. Almost all MPs have reportedly imported vehicles under this facility.
The duty-free benefit on import of vehicles was introduced during HM Ershad's rule on May 24, 1987.
The MPs got back the privilege of importing duty-free vehicles that was scrapped in June 2007 by the caretaker government following allegations of gross abuse of the duty-free facility.
MPs can now import duty-free EVs
Duty free concessions have been declared for import of 2,000 CC hybrid motor car or micro-bus, or up to 4,500 CC hybrid jeep or one electric motor-run vehicle or other vehicles with only electric motor propulsion
Members of the Parliament (MPs) will be able to import duty-free hybrid electric vehicles (EVs) from now on.
According to a statutory regulatory order (SRO) signed by the National Board of Revenue (NBR) chairman Abu Hena Md Rahmatul Muneem on Wednesday, duty free concessions have been declared for import of 2,000 CC hybrid motor car or micro-bus, or up to 4,500 CC hybrid jeep or one electric motor-run vehicle or other vehicles with only electric motor propulsion.
The list of vehicles includes fuel-run vehicles not more than 1,650 cc, diesel fuel-run vehicles not more than 1,800 cc; 2,000 cc hybrid vehicles; 2,000 cc fuel-run microbuses; 2,000 cc fuel-run hybrid microbuses; 3,000 cc jeeps; hybrid 3,000 cc jeeps; fuel-run 4,500 cc jeeps; and hybrid 4,500 cc fuel-run jeeps.
An NBR official said that the duty-free facility for EVs was introduced for the lawmakers given its surging popularity worldwide.
Bangladesh has been importing hybrid and electric vehicles for a while now and the new order has been passed to allow MPs to import these vehicles duty-free. All other benefits for importing vehicles under the duty-free facility would remain unchanged, he added.
This is in addition to existing benefits allowing MPs to import duty free 1,650 CC petrol or gasoline-run motor vehicles or up to 1,800 CC diesel-run motor vehicles or up to 2,000 CC microbus, up to 3000 cc petrol or gasoline-run jeep, 4,500 cc diesel-run jeep.
An MP can import one vehicle during his/her tenure without having to pay customs duty, sales tax, development surcharge and import permit fee. Almost all MPs have reportedly imported vehicles under this facility.
The duty-free benefit on import of vehicles was introduced during HM Ershad's rule on May 24, 1987.
The MPs got back the privilege of importing duty-free vehicles that was scrapped in June 2007 by the caretaker government following allegations of gross abuse of the duty-free facility.