2022 - In the proposed budget for the financial year 23, add some products to discourage the import of luxury goods to protect foreign currency. There are taxes and taxes, and the prices of those products have increased.
The budget presentation of the proposed budget in the National Assembly on Thursday (June 9) was given by Finance Minister AHM Mustafa Kamal, 23rd of the current government, 51st in Bangladesh. Global risk is one of the objectives to bring relief to public life with the stability of the economy.
Products that may be priced
Importers may impose new duty on imports in the case of luxury goods such as body spray, cosmetic products, juice, packaged food etc. Although already in a notification on May 23, a notification of foreign fruits, foreign flowers, furniture and cosmetics on 135 HS code products has been imposed on 20 percent dehydration duty instead of 3 percent of the existing 3 percent.
tobacco products
The price of tobacco products is increasing due to the imposition of additional duty, and the duty has been imposed according to the slab.
smartphone
The price of the imported smart mobile phone can be priced again by imposing the domestic product protection. In that case the domestic companies will benefit.
train ticket
15 percent of the tax on the first class railway service is a cost of traveling on rail travel, but it is proposed to be exempted by the registered company for import of the ship.
Solar Panel
At present, the import duty of the imported solar panels is applicable, in view of the application of the domestic solar sector, it is proposed to increase the existing import duty on the imported solar panel from zero percent to 1 percent.
foreign coffee
The price of coffee imported from abroad is also high.
luxury car
The price hike list is added to the luxury gauge. Supplementary duty on luxury reconditioning over 4000 cc has been proposed at 800 percent tax rate in the Supplementary Duty and advance tax and VAT Milliet.
refrigerator
The finance minister has proposed to fix the VAT rate by withdrawing the exemption at the level of local production in the case of refrigerators and freezers.
Butter and cheese
Referring to the two butter and cheese products as the same nation, the budget speech said that there is a 20 percent supplementary duty on the import of butter, but there is no supplementary duty on the import of cheese, so it is proposed to impose 20 percent supplementary duty on the import of cheese like butter.
mobile phone charger
The import duty of foreign chargers has been increased from 15 percent to 25 percent in the country Aiming to further develop the manufacturing industry of the mobile phone manufacturing.
Gas Lighter
Currently in the country Gas lighter or deslai is being produced, so it is proposed to impose 10 per cent on import of the product to protect the domestic industry, and it is proposed to increase the import duty of lighter parts from 10 percent to 25 percent.
Purifer
The import duty of the purifer used for purification of water in Basaba has been increased from 1 percent to 10 percent.
Cash Registrar
The cash register import duty is zero percent, while the import duty on the ticket calculating machine is 10 percent, the two machines are similar, the duty rate is compatible, so the import duty is 10 percent for cash registers.
The budget for the 2022-23 fiscal year budget is 6 lakh 78 thousand 64 crores with the aim of returning in the continuation of development. Just as the size of this year's budget is 1, this budget has also been short of the deficit.
The budget deficit is Tk 2 lakh 45 thousand 64 crore, which is equal to 5 percent of GDP, with a grant of Tk 2,41,793 crore, which is equal to 5.40 percent of GDP.
This is the 23rd budget of the current government and the 51st and current finance minister of Bangladesh. In the budget, the budget has given the highest importance to several sectors including the control of inflation, agriculture, health, human resources, employment and education.
