The local plastic goods manufacturers requested the government for withdrawal of the proposed 5.0 per cent supplementary duty on plastic packaging materials.
They expressed the concern that the proposed duty, if imposed, will impede the growth of the flourishing plastic sector.
Prices of different kinds of industrial goods will increase as many products, rolled out in the conveyor belts, are wrapped in plastic material, they cautioned.
The plastic packaging materials are essential for almost every sector, the mentioned.
The Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) made the request in a post-budget reaction in the capital on Monday.
Finance Minister AMA Muhith proposed to impose 5.0 per cent supplementary duty on plastic packaging materials in the budget for fiscal year 2018-19 (FY19) on Thursday.
The apex body of plastic manufacturers also urged the authority concerned to halve source tax on export earnings from plastic goods, proposed in the FY19 budget.
They suggested the government to fix tax at 0.50 per cent at source of export earnings instead of the 1.0 per cent proposed in the budget.
They also requested the authority to reconsider the Supplementary Duty (SD) on imported plastic finished products.
SD has been reduced to 45 per cent from 50 per cent on many imported plastic items in the proposed budget, it mentioned.
The association hailed the government's different initiatives including keeping plastic recycle resin industries out of Value Added Tax (VAT).
Plastic and rubber-made hawai chappal (slipper), priced up to Tk 150, also got exemption from valued added tax (VAT).
Lower income group people will be benefited with such measures, the association believed.
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