Tariff value for aluminium bar, rods imports increased

Staff Correspondent | Published: 00:05, Nov 30,2017

 
 

The National Board of Revenue has increased the tariff value on import of aluminium bar, rods and profiles by 59 per cent to $3.5 a kilogram from $2.2 to protect the local industries.
Customs wing of the NBR on November 23 issued a statutory regulatory order in this connection.
Customs officials of the revenue board said that domestic manufacturers of the products including Bangladesh Thai Aluminium had been demanding more protection for local products through raising import tariff
value and customs duty.
They claimed that imported products became cheaper in the market though the local industries were capable to meet the domestic demand.
BTA also demanded imposing 30 per cent supplementary duty on finished aluminium profiles like building materials including glass sheet, tiles, marble and granite and ceramics.
It also proposed imposing 40 per cent SD on aluminium doors and windows.
Following the demands, the customs wing analysed the market prices of both imported and local products, and declaration value at the import stage and the NBR sent a summery to finance minister AMA Muhith with the proposal of setting the tariff value on the products to $3.5 a kg.
The increase would give 43.5 per cent protection to the local manufacturers over the importers.  

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