BTMA President attended – Virtual 41st Meeting of Consultative Committee of National Board of Revenue (NBR)

Agenda: Proposals for National Budget 2021-2022
Jointly organised by- NBR & FBCCI

Mr. AHM Mustafa Kamal, FCA,MP, Honourable Finance Minister was the Chief Guest of the Meeting and Mr. Abu Hena Md. Rahmatul Muneem, Chairman, NBR was the Chair and Mr. Sheikh Fazle Fahim was the Moderator of the Meeting.

BTMA President Mohammad Ali Khokon addressed the following issues:

1. To impose VAT of TK 3 /kg to all the yarn (whichever fiber it is made of) like cotton and the 5% VAT on fabric of artificial fiber at production stage need to be exempted.
2. To impose 1% Tax ( similar tax rate ) for all capital machinery and spare parts.
3. To re-determine the fabric tariff value at import stage.Recently the proposals have been sent to NBR by Tariff Commission.
4. Deemed exporters should be equally treated as they have a significant role in the country’s economy.