Ctg customs to auction 182 vehicles as scrap
Chattogram Customs House earlier this month started dismantling 182 vehicles, which have been abandoned by importers at the Chattogram port, to auction off the parts as scrap.
15 July 2024, 18:00 PM
Ctg customs to auction 182 imported vehicles as scrap
The vehicles were brought in between 2001 to 2012
15 July 2024, 13:43 PM
Apple auctioned at Tk 61 a kg, orange at Tk 67
Ctg customs bids out 118 tonnes of apple, orange at only Tk 74.6 lakh
9 July 2024, 13:38 PM
Matiur thrived on insider trading
Former NBR official Md Matiur Rahman, who became a subject of controversy thanks to a high-profile sacrificial goat, has made much of his wealth by minting pre-public shares, an analysis of his and his family’s shareholding in at least 15 publicly listed companies show.
6 July 2024, 18:00 PM
Cybercriminals breach NBR server again
A “cybercriminal gang” attempted to release a container of cigarettes from Chattogram Port after breaching the server of the National Board of Revenue with the login credentials of a customs official.
30 June 2024, 18:00 PM
Highest income tax rate stays unchanged at 25%
The government has moved away from its decision to raise the highest income tax rate to 30 percent and end tax holidays for investors in economic zones and hi-tech parks.
29 June 2024, 16:11 PM
Matiur used clout to stop his transfers
So strong was the clout of former National Board of Revenue member Matiur Rahman that he could not be transferred unless he wanted to be transferred.
25 June 2024, 18:00 PM
Fake refrigerants seized at Ctg port
Chattogram Customs House confiscated 62,000 suspected substandard refrigerant gas-filled cylinders at the port.
13 June 2024, 18:00 PM
NBR tightens ambulance import rules
As per the new rules, Noah can no longer be imported as an ambulance from the current fiscal year as its passenger cabin does not meet the length requirement, according to an NBR official.
10 June 2024, 01:02 AM
Duty benefit for washing machines, refrigerators likely to stay
For air conditioner and refrigerator manufacturing industries, the government plans to extend the existing facility to June 2026, according to the finance ministry.
5 June 2024, 00:40 AM
A councillor and his illicit tobacco trade
A significant share of Bangladesh’s illegal cigarette market is controlled by two companies where Chattogram City Corporation (CCC) Councillor Abdus Sabur Liton and his brother have the majority stakes, an investigation by The Daily Star has found.
31 May 2024, 18:00 PM
Power producers may lose zero-duty benefit
Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.
16 May 2024, 18:00 PM
Investors in hi-tech parks, EZs may lose tax benefits
Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.
15 May 2024, 18:30 PM
From mobile users to metro commuters, Bangladeshis to face more tax
Mobile phone calls and metro rail commutes among other daily activities may cost more in the next fiscal year as the government looks to increase taxes to boost its revenue collections.
14 May 2024, 18:00 PM
MPs may lose duty waiver for car imports
The National Board of Revenue seeks to impose 25 percent import duty on cars for lawmakers, reversing a practice of tax exemptions that amounted to Tk 5,147 crore over the last 15 years.
13 May 2024, 18:00 PM
Goods worth Tk 16k imported at Tk 2.63 crore
State-run Power Grid Company of Bangladesh Ltd (PGCBL) imported 68 kilograms of tower bolts, nuts and washers from India for a whopping $2,39,695 or Tk 2.63 crore, which is 1,619 times the contract value.
6 May 2024, 18:00 PM
Under-invoicing by importers crowding out country's lone sandpaper maker
Bangladesh’s first and only sandpaper plant is struggling to expand its footprint owing to unhealthy competition from importers, who are allegedly under-invoicing prices of the abrasive paper.
27 April 2024, 18:05 PM
NBR halts export, import by Abdul Monem Group
The National Board of Revenue has suspended all imports and exports by Abdul Monem Group and all its subsidiaries, including Abdul Monem Sugar Refinery, over misuse of bond facilities and non-payment of applicable duty and fines worth Tk 674.35 crore.
24 April 2024, 18:00 PM
NBR halts Abdul Monem Group's import, export
It also instructs banks to freeze the Group's bank accounts
24 April 2024, 12:03 PM
Sugar market: from state to private control
Five companies are enjoying an oligopoly in the sugar market, which was worth more than Tk 9,000 crore in fiscal year 2022-23, as they have expanded their refining capacities to meet increasing demand.
22 April 2024, 00:47 AM