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.

NBR may consider waiving the duty on imported products as recommended by the commerce ministry ahead of the month of Ramadan

The increase of duty on the import of cement clinker by Tk 200 per tonne will have an adverse impact on the cost of production and put a burden on consumers, said Mohammad Iqbal Chowdhury, chief executive officer of LafargeHolcim Bangladesh Limited.

Sugar prices have risen at the wholesale level amid speculations that import costs could go up seeing how the National Board of Revenue (NBR) has not extended duty benefits for importing the sweetener.

Rice prices have gone up as millers and traders hiked prices banking on the government decision to raise import duty on the cereal to 28 percent from 2 percent, say market insiders.

India-Asean trade relations have been growing steadily, with Asean being India’s fourth largest trading partner. Both sides have set a target of at least US$200 billion in two-way trade by 2022 compared to US$ 71 billion in 2016-17.

Importers deliver 4,000 tonnes of Indian rice at Benapole land port so far, a day after the import duty on the prime staple is drastically slashed.