Importers want flat duty at Tk 100 on mobile set

April 26, 2010

The Bangladesh Mobile Phone Importers’ Association on Sunday demanded that import duty on a mobile set should be set at Tk 100 in the next financial year from the existing 12 per cent on the import value.
The association put forth the demand at a briefing at the National Press Club saying it would help the government to stop smuggling of mobile sets and evasion of import duty.
Presenting the import data on mobile sets of a decade, the association leaders claimed higher duty had discouraged legal import and encouraged smuggling.
They said there was big difference between the growth of mobile connectivity and mobile import in the first eight months of the current financial year.
The association calculated that the growth of mobile connectivity to be at 20 per cent in the first eight months of the financial year compared with only 4.66 per cent growth of mobile import through legal channels.
The association’s secretary general Faysal Alim said the existing rate of duty was encouraging smuggling and hundi. The country stands a risk of losing Tk 600 crore to Tk 700 crore a year because of illegal trading, he said.
The association leaders said the smuggling of mobile reduced substantially when the government imposed duty of Tk 300 in 2005–2006, 2007–2008 and 2008–2009 and Tk 200 in 2006-07.
They also said that a record number of sets had been imported into the country through legal channels in the years.
The association leaders hoped mobile users would increase to seven core by 2011 from the existing 5.5 crore if the government would meet the demand.

Courtesy of NewAge

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