CMCCI leaders want exemption of dual tax, 10pc tax on profit
Our Correspondent | Friday, 24 January 2014
CHITTAGONG, Jan 23: Leaders of Chittagong Metropolitan Chamber of Commerce and Industry said today that 10 per cent tax on the total profit of imported goods is illogical and impracticable.
They said there are some areas where the businesses have to pay double tax as they have to shift consumer goods from one place to another due to political instability, which should be abolished.
The traders said this at the annual general meeting (AGM) of the CMCCI at its office at Agrabad in the city. CMCCI President Khalilur Rahman presided over the fifth AGM of the trade body.
A free discussion meeting was organised on the occasion of the AGM so that traders and businesses can ventilate the grief they have been suffering for the last few months due to political programmes sponsored by the 18-party alliance led by the BNP (Bangladesh Nationalist Party).
The meeting was addressed, among others, by CMCCI vice president AM Mahbub Chowdhury and directors including Shahabuddin Alam, Abdul Awal, Abdus Salam, Aminuzzaman Bhuiyan, Dr Hossain Zillur Karim, Engineer Sakhawat Hossain, Professor Jahangir Chowdhury, Nurul Alam, Enamul Huq, MA Malek, SM Abu Taher, Md Shafi, Lokman Hakim and PHP Group vice chairman Mohsin Rahman.
Khalilur Rahman said the CMCCI has been trying to ameliorate grievances of the general traders, exporters, importers and entrepreneurs by making suggestions to the government agencies concerned including the National Board of Revenue (NBR), Chittagong Customs House (CCH) and Chittagong Port Authority (CPA).
He emphasised the need for a greater role to be played by the members of the CMCCI for the betterment of the businesses and growth of the national economy.
Mahbub Chowdhury stressed the need for foreign exchange regulations of Bangladesh Bank to check outflow of money from the country to different countries by dishonest importers and forwarding agencies.
Shahabuddin Alam said the 10 per cent tax on the total profit of imported goods is illogical and impractical and so it should be abolished.