Tuesday, February 19, 2019 | ePaper

BARVIDA for duty benefit on imports of hybrid cars

  • Print
Special Correspondent :
Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) have proposed for reduction of the supplementary duty on the import of reconditioned electric cars in the upcoming budget as a step to encourage the use of environment-friendly vehicles.
The association urged also to exempt duty on used hybrid cars so that buyers can avail low cost eco-friendly cars.
"We want duty benefit on imported hybrid and electric cars in the next budget to promote use of environment-friendly vehicles in the country," BARVIDA President Md Habib Ullah Dawn told The New Nation in an interview with him on Tuesday.
He said, they have already discussed the matters in a pre-budget meeting with the National Board of Revenue (NBR).
At the meeting, BARVIDA placed a set of proposals including withdrawal of supplementary duty on import of electric motor cars, restructuring of slabs of cc (engine capacity) and rate of supplementary duty (SD) for reconditioned hybrid cars and extension of depreciation facility for import of used cars.
"We have demanded zero duty import facility up to 3000cc slab of hybrid-reconditioned cars and withdrawal of 20 percent SD on electric used cars to encourage use of environment-friendly vehicles," said Md Habibullah Dawn.  
He said that BARVIDA had also sought the government approval of import of bus older than five years as the cities need better quality of public transport," he said.
Regarding restriction of cc slabs and SD rates for hybrid cars, he said that the government in the last budget allowed the import of reconditioned hybrid cars and imposed 20 per cent SD on 1,600cc cars, though Japanese manufacturers usually don't produce such cars.  "Hybrid cars are eco-friendly and fuel-efficient. Despite the fact, importers are not importing these cars due to high duty rate," said Habib Ullah Dawn.
He said the government should adopt necessary budgetary measures to encourage import of environment friendly cars considering environment pollution of Dhaka city's, which ranked the third most polluted city in the world.   
The recondition vehicle importers were supposed to enjoy five-year depreciation for import of used cars. But now they are getting three years depreciation due to inconsistency in a statutory regulatory order (SRO).
"We hope the NBR will issue a fresh SRO in this regard in the next budget for the benefit of the car importers," he said.
Reconditioned vehicle importers have paid Tk 2,200 revenue in the national coffer last fiscal. "Our contribution to the national exchequer is expected to increase this year due to rise in the import of reconditioned cars," said Habib Ullah Dawn.

More News For this Category

33 bodies of premature babies recovered from trash bin in Barishal

UNB, Barishal :Thirty-three bodies of premature babies were found in a dustbin of Sher-e-Bangla Medical College Hospital here on Monday night, sending shock waves across the city.Conservancy workers of

Jamaat under new name planned?

Staff Reporter :The inner dispute has flared up within the Jamaat-e-Islami about seeking apology to the nation  for its role during the War of Independence of Bangladesh and also

Approval of new banks draw flak

Special Correspondent :Analysts voiced opposition on Monday to the central bank's nod to three new banks bowing down to pressure from the government high-ups. They said that the current

6 lakh refugees worried: IFRC

Staff Reporter :The International Federation of Red Cross and Red Crescent Societies (IFRC) has warned that about 574,000 Rohingya refugees in the camps in Cox's Bazar camps might face

BIWTA resumes eviction drive in Bosila area of Mohammadpur

BIWTA resumes eviction drive in Bosila area of Mohammadpur

bdnews24.com :The Bangladesh Inland Water Transport Authority or BIWTA has resumed a drive to remove illegal structures on the banks of the Buriganga River at the Bosila area of

Seven British Labour MPs resign from party

Seven British Labour MPs resign from party

RTE News :Seven British Labour MPs have resigned from the party. Luciana Berger, Chris Leslie, Angela Smith, Gavin Shuker, Mike Gapes, Ann Coffey and Chuka Umunna confirmed their resignations

A man was killed and 30 others were seriously injured in a fatal road accident as a picnic party bus turned turtle in Tetulia upazila of Panchagarh district on Monday.

A man was killed and 30 others were seriously injured in a fatal road accident as a picnic party bus turned turtle in Tetulia upazila of Panchagarh district on Monday.

.

40 hurt in JnU BCL factional clashes

UNB,  Dhaka :At least 40 people, including three journalists, were injured during Monday's turf war between two groups of Bangladesh Chhatra League (BCL) on the campus.The journalists were identified

Growing number of unapproved building poses high risk

Reza Mahmud :Growing numbers of unapproved building in Dhaka are threat to the city residents. Experts said that most of the buildings are at risk of destruction in any

Graham vows probe after McCabe interview on Trump

BBC Online :The chairman of the US Senate Judiciary Committee has vowed to investigate allegations that top FBI and justice department officials discussed ways to remove President Trump from