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Virus-hit jute spinners seek special fund, tax waiver

Yasir Wardad | March 26, 2020 12:00:00

Bangladesh Jute Spinners Association (BJSA) has urged the government to exempt them from paying tax at source on export of jute goods as orders already facing a setback amid coronavirus pandemic, officials said.

The export orders almost came to a halt as the association in a letter last week apprised the Ministry of Textile and Jute of the crisis, seeking exemption of 0.25 per cent source tax. The export orders fell drastically this month.

BJSA also recommended forming a special fund for lending the millers to help them prevent possible layoff of factories and pay the workers timely. The interest-free loan should be for 10-year term with two-year moratorium.

The yarn makers will have to keep open the factories and pay due salaries as well as bank installments, it said.

The association also demanded to stop realising the 5.0 per cent tax on export subsidies.

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