• Saturday, Jul 31, 2021
  • Last Update : 08:14 pm

Budget FY20: Prices up, prices down

  • Published at 05:31 pm June 13th, 2019
web-price
Representational photo BIgstock

The budget aims to achieve a growth rate of 8.2%, banking heavily on the expected growth of the outgoing fiscal year (FY2018-19)

Finance Minister AHM Mustafa Kamal has proposed changes to duties on different products, which will result in increase or decrease in their prices.

UP

Milk powder: Customs duty has been proposed to be raised at 10% from existing 5%.

Imported sugar: Specific duty has been raised to Tk3000/MT from Tk2000/MT for raw sugar while it will be Tk6000/MT from Tk4500/MT for refined sugar. Also regulatory duty will be increased to 30% from existing 20% for both refined and raw sugar import.

Mobile services: Supplementary duty hiked to 10% from existing 5% on services provided through mobile phone SIM/RIM cards.

Ice cream: 5% supplementary duty imposed.

Chartered aircrafts and helicopters: Supplementary duty hiked to 25% from existing 20%.

Smart phones: Duty hiked to 25% from existing 10%.

BRTA services: 10% supplementary duty imposed on fees of different services of BRTA.

Rice bran export: Export duty hiked to 25% from 10%.

Olive oil import: Import duty rose to 25% from 10%.

Down

Cancer medicine: Duty on raw materials to become zero percent.

Lifesaving gases: Regulatory duty on import of lifesaving gases to be lowered to 10% from existing 20%.

Transport components: Duty on air filter, brakes, reduced to 15% from existing 25%.

Fire-fighting equipment: Duty on bond seal, and fire retardant paints reduced to 5% from the existing 25%, while duty on Fendolite MII (Mixture), and Lightning arresters will be 5% from 10%.

Gold: Specific duty has been proposed at Tk2000 from existing Tk3000 for each 11.664gm (Bhori) of gold.

Read the full budget speech for FY20 here.

319
Facebook 314
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail