Walton offers to provide consumers with low priced quality product
Tuesday, 16 March 2010
FE Report
Walton, the popular electronic home appliance brand of RB Group, has made another step forward to meet its commitment to provide consumers with low priced quality product.
Walton launched the offer at a seminar in the city Sunday.
"Now consumers can buy a 12 cft Walton refrigerator at only Tk 22 700, which is almost Tk 8000 less than any other refrigerator of same size available in local market', said Mizanur Rahman, director of communication and international marketing of Walton.
Director of the company Emdadul Haque urged the government to remove discrimination from the existing tax regime in the import of finished products and locally manufactured goods.
Under the existing tax regime, manufacturers have to pay higher duty than the importers of finished products, they said.
"Traders have to pay just 15 per cent value added tax (VAT) and 3 per cent other duties to import the CBU (Complete Built Unit), while the manufacturers have to pay a lot of duties during the import of raw materials in addition to the 15 per cent VAT during marketing of their product", Walton officials said.
Walton is now producing 11 models of refrigerators and selling those locally through its 600 exclusive outlets and also by vendors throughout the country. Another seven models are expected to hit the market in the next few months.
Walton, the popular electronic home appliance brand of RB Group, has made another step forward to meet its commitment to provide consumers with low priced quality product.
Walton launched the offer at a seminar in the city Sunday.
"Now consumers can buy a 12 cft Walton refrigerator at only Tk 22 700, which is almost Tk 8000 less than any other refrigerator of same size available in local market', said Mizanur Rahman, director of communication and international marketing of Walton.
Director of the company Emdadul Haque urged the government to remove discrimination from the existing tax regime in the import of finished products and locally manufactured goods.
Under the existing tax regime, manufacturers have to pay higher duty than the importers of finished products, they said.
"Traders have to pay just 15 per cent value added tax (VAT) and 3 per cent other duties to import the CBU (Complete Built Unit), while the manufacturers have to pay a lot of duties during the import of raw materials in addition to the 15 per cent VAT during marketing of their product", Walton officials said.
Walton is now producing 11 models of refrigerators and selling those locally through its 600 exclusive outlets and also by vendors throughout the country. Another seven models are expected to hit the market in the next few months.