The price of materials used for the production of LED lights of bulbs and energy-saving lights is set to go up.
In the next financial year, the government has decided to increase the import duty on the import of materials for the production of LED lights or bulbs and energy-saving lights.
In the last budget (FY 2023-24), zero percent import duty was applicable on various materials of companies manufacturing LED lights and energy-saving lights.
However, this time in the budget session, it has been recommended to set it at 10%.
Besides, a recommendation has been made to keep this notification effective till June 2026.
Finance Minister Abul Hassan Mahmood Ali is set to unveil a possible Tk797,000 crore (Tk7.97 trillion) national budget for the next fiscal year (FY25) at the National Parliament on Thursday.
He will announce the budget amid the growing challenges of containing inflation, maintaining a sound foreign currency reserve, a stable exchange rate and generating more revenues.
This will be the country's 53rd budget and the 25th of the Awami League government in six terms. This budget will also be the 21st under the rule of Prime Minister Sheikh Hasina in different terms.
