No further whitening of black money in next budget: NBR chief
Friday, 16 April 2010
Our Correspondent
CHITTAGONG, Apr 15: National Board of Revenue Chairman Nasiruddin Ahmed said the government will not keep provision for further whitening of black money in the upcoming fiscal budget for 2010-11.
He was addressing a pre-budget opinion exchange meeting with the directors of Chittagong Chamber of Commerce and Industry at the CCCI Thursday. NBR member Abdul Mannan Patwary, first secretary, VAT policy and budget Shahidul Islam, first secretary, customs duty policy and budget Kharuzzaman Majumder, custom commissioner Syed Golam Kibria and senior officials of income tax were present in the meeting.
NBR chairman said the revenue board will simplify income tax rules besides setting up an appellate tribunal in Chittagong for quick settlement of income tax related disputes.
To facilitate smooth export of readymade garments the NBR is shortly appointing a bond commissioner with all power to address the problems of RMG industries in Chittagong, he said.
CCCI president MA Latif, senior vice president MA Salam, former CCCI president engineer Ali Ahmed, C&F Agents Association leader Altaf Hussain Bachchu, BGMEA leader Nasiruddin, BKMEA leader Shawkat Osman, chairman of NG Saha group Nanigopal Saha, BARVIDA general secretary Mahbubul Huq Chowdhury, vegetable and allied food products leader, tyre tubes importers and dealers group leader, frozen foods exporters association leaders sought interference of the NBR chairman in lessening harassment by customs and income tax officials in Chittagong.
Veteran industrialist NG Saha said 37 BP sheet industries of the country were facing closure due to imposition of excessive duty on import of CR coil.
MA Latif alleged that artifice of a small group of syndicated businessmen is behind the unusual price hike of commodities.
"A small group of syndicated businessmen is responsible for price hike of essentials during the last Ramadan," he said. He demanded of the government to identify and punish those responsible for the price hike.
CHITTAGONG, Apr 15: National Board of Revenue Chairman Nasiruddin Ahmed said the government will not keep provision for further whitening of black money in the upcoming fiscal budget for 2010-11.
He was addressing a pre-budget opinion exchange meeting with the directors of Chittagong Chamber of Commerce and Industry at the CCCI Thursday. NBR member Abdul Mannan Patwary, first secretary, VAT policy and budget Shahidul Islam, first secretary, customs duty policy and budget Kharuzzaman Majumder, custom commissioner Syed Golam Kibria and senior officials of income tax were present in the meeting.
NBR chairman said the revenue board will simplify income tax rules besides setting up an appellate tribunal in Chittagong for quick settlement of income tax related disputes.
To facilitate smooth export of readymade garments the NBR is shortly appointing a bond commissioner with all power to address the problems of RMG industries in Chittagong, he said.
CCCI president MA Latif, senior vice president MA Salam, former CCCI president engineer Ali Ahmed, C&F Agents Association leader Altaf Hussain Bachchu, BGMEA leader Nasiruddin, BKMEA leader Shawkat Osman, chairman of NG Saha group Nanigopal Saha, BARVIDA general secretary Mahbubul Huq Chowdhury, vegetable and allied food products leader, tyre tubes importers and dealers group leader, frozen foods exporters association leaders sought interference of the NBR chairman in lessening harassment by customs and income tax officials in Chittagong.
Veteran industrialist NG Saha said 37 BP sheet industries of the country were facing closure due to imposition of excessive duty on import of CR coil.
MA Latif alleged that artifice of a small group of syndicated businessmen is behind the unusual price hike of commodities.
"A small group of syndicated businessmen is responsible for price hike of essentials during the last Ramadan," he said. He demanded of the government to identify and punish those responsible for the price hike.