FE Report
Leaders of the Bangladesh Plastic Goods Manufactures and Exporters Association (BPGMEA) said Sunday a number of proposals on import of plastic raw materials in the national budget will hamper growth of the local industries.
The BPGMEA said this at a press conference held at its office in the city.
Terming the new provision for imprinting "import under not for resale" on imported bag as unrealistic, the BPGMEA president Md Jashim Uddin said suppliers of such petrochemical will be discouraged.
A large number of plastic goods producers, who supply their bags to different export-oriented factories, allegedly resale such imported raw materials in the local markets and neighbouring countries taking the advantage of lower tariff.
When asked about the resale of imported plastic raw materials, BPGMEA president said there might be some incidences.
However, the BPGMEA said the new import duty slabs will also hamper the imports of machinery used for manufacturing plastic goods.
"We urge the government to withdraw the duty on import of mould and machinery for the country's growing plastic industries," the BPGMEA president said.
The BPGMEA also urged the government to retain the existing import duty at the second stage on the raw materials used for manufacturing packages for the pharmaceuticals and food product industries.
"Currently, the import duty on the raw materials is 12 per cent at second stage," the BPGMEA president added.
The proposed import duty at the second stage has been raised to 15 per cent.
Plastic goods exporters seek duty waiver on mould, machinery
FE Team | Published: June 11, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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