BGMEA demands duty-free import of machinery

[Fibre2fashion]

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has demanded of the government to reduce the import duty on machinery and spare parts and to extend the bonding facility period.

The demands were set forth by a BGMEA team headed by the association President Shafiul Islam Mohiuddin, during a meeting with Dr Nasiruddin Ahmed, Chairman of National Board of Revenue (NBR).

The BGMEA requested the government to allow duty-free import of all sort of spare parts, safety equipments and devices, machinery and other building construction materials that are required for production.

Mohiuddin revealed that, the small and medium sized garment businesses are facing more difficulties as they operate in rented premises, and thus need to pay extra nine percent VAT (Value Added Tax) on rented premises.

Read more about BGMEA demands duty-free import of machinery @ Fibre2fashion