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Importers demand duty free access of electric, hybrid cars

  • Published at 11:22 pm April 1st, 2018
Importers demand duty free access of electric, hybrid cars
Reconditioned car importers demanded duty free import of electric cars, to help tackle the emission of green house gases. Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) made the demand during a pre-budget meeting with the National Board of Revenue in the capital on March 31. NBR Chairman Md Mosharraf Hossain Bhuiyan presided over the meeting, where the group placed their demands to be considered for the Fiscal Year Budget 2018-19. “Sound and air pollution is a big problem in the city. Electric cars are the next generation car and they are 100% environment friendly. It will help the government to meet its target of a green country,” said BARVIDA President Habibullah Dawn. “If the government allows duty free import of electric cars it will help to reduce the impact of global warming,” he added. Currently, as per the existing law, the import duty is 20%. “Electric cars are gaining popularity around the world and it would be especially beneficial for an over populated country like ours. There will be a high demand for environmentally friendly cars,” said Mohammad Habibur Rahman general secretary of BARVIDA to the Dhaka Tribune. “You (importer) take the initiative to import electric cars and the government will consider the duty exemption given it has a very positive environmental impact,” said Md Mosharraf, speaking for BARVIDA members’ demands. “The government will offer incentives to the importers in helping to make the cars popular,” he added. Meanwhile, the car importers’ platform urged the government to reduce import duty on hybrid cars to 15% for 1600 CC, which is currently 20%, for the up-coming budget 2018-19. They also urged the NBR to increase CC category to 1800 from the existing 1600 for hybrid cars. NBR Chairman Mosharraf Hossain Bhuiyan requested the group to not ask for tax benefits and redemptions on everything. The government has increased the size of the budget and expects tax revenues of Tk30/40 crore. He also said special benefits will be given for the production of cars and motorcycles locally.” NBR member Md Rejaul Hassan, Firoz Shah Alom, Kanan Kumar Ray, leaders from BARVIDA were present among others during the meeting.
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