BPGMEA wants withdrawal of duty drawback on raw materials
Thursday, 13 December 2007
FE Report
The Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) Wednesday urged the government to withdraw bank guarantee and duty draw back provisions applied in case of plastic raw material imported under the bond facility.
"Around 250 plastic good manufacturing units will face closure if the government do not withdraw bank guarantee and duty draw back provisions for the imported plastic raw materials under bond facility," said BPGMEA president Md Jashim Uddin at a press conference held at its office in the city.
He also claimed that all export-oriented units use their plastic products like hanger, bags, containers and bottles. Closure of local plastic goods producing units will hurt the other exporting sector.
However, plastic goods manufacturers urged the government to take strong measures to stop entry of plastic raw materials under bond facility in the local market.
The Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) Wednesday urged the government to withdraw bank guarantee and duty draw back provisions applied in case of plastic raw material imported under the bond facility.
"Around 250 plastic good manufacturing units will face closure if the government do not withdraw bank guarantee and duty draw back provisions for the imported plastic raw materials under bond facility," said BPGMEA president Md Jashim Uddin at a press conference held at its office in the city.
He also claimed that all export-oriented units use their plastic products like hanger, bags, containers and bottles. Closure of local plastic goods producing units will hurt the other exporting sector.
However, plastic goods manufacturers urged the government to take strong measures to stop entry of plastic raw materials under bond facility in the local market.