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News Bangladesh Cement Manufacturers Association calls for clinker import duties to be reduced

Bangladesh Cement Manufacturers Association calls for clinker import duties to be reduced

Written by Global Cement staff 24 April 2019
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Bangladesh: The Bangladesh Cement Manufacturers Association (BCMA) has asked for import tariffs on clinker to be reduced. In a letter to the National Board of Revenue (NBR) it requested that the duty be cut to either US$2.40/t or a fixed rate of 5%, according to the Dhaka Tribune newspaper. Importers pay around US$6.00/t at present. The BCMA argues that the cement industry is paying more than other industries for its imports.

The association has also called for value added tax (VAT) on raw materials to be cut to 5% from 15%, reducing advance income tax to 2.5% from 5% and exempting regulatory duties for fly ash and import duties for cement bulk carriers.

Published in Global Cement News
Tagged under
  • Bangladesh
  • Bangladesh Cement Manufacturers Association
  • Import
  • Tax
  • Government
  • GCW401
  • lobbying
  • Fly Ash
  • Shipping

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