Inception date: 01 Jul 2011 | Removal date: 30 Jun 2012

Import tariff

 
Effective 1 July 2011, the Bangladeshi budget has the following provisions that will have implications on international trade and investment:

  • Tax holiday proposed for industries in the Export Processing Zones
  • 0% import duty maintained on rice, pulse, wheat, sugar, edible oil, onion, fertilizer, seeds, life saving medicine and cotton (ADD)
  • Reduced regulatory duty (RD) at 5% for commodities with highest customs duty continued, in order to protect the local industry
  • Supplementary Duty (SD) on import of motor cycles increased from 30% to 45%, 5% RD on knocked down motorcycles withdrawn
  • Several proposals to reduce import and regulatory duty to produce LPG cylinders locally
  • All duty and taxes withdrawn in excess of 3% on chemicals required to run Effluent Treatment Plant (ETP)
  • Import duty on text books increased from 5% to 12%
  • SD on imported furniture increased from 20% to 30%, 5% RD withdrawn from particle board and MDF board imports
  • Depreciation benefit for imported old vehicles restricted to vehicles less than 3 years old, as opposed to 4 years
  •  20% SD imposed on glass tubes, increase in SD on imported toilet and facial tissue from 20% to 30%, 25% export duty imposed on cotton waste, import duty reduced from 25% to 12% on LED lamp and T5 tube light, SD withdrawn on T5 tube light, 60% SD withdrawn and import duty reduced from 25% to 12% on solar lamps
  • 5% import duty and 15% VAT on leucocytes filter withdrawn, 20% SD withdrawn and import duty reduced from 25% to 12% on cartridge/membrane filter used in pharmaceutical industries
  • Capital machinery benefit provided to Sandwich panel of pharmaceutical industries
  • 5% impot duty and 15% VAT withdrawn on cotton waste
  • Renewal duration of bond licenses for exporters increased from 1 to 2 years
  • Additional tariff lines affected that are not a part of the budget speech but included in later documents have been included directly and are referenced in the sources linked

AFFECTED SECTORS

 
042 216 266 267 268 279 281 282 296 321 322 334 341 342 345 347 353 354 363 364 371 381 392 411 412 415 422 429 432 439 444 448 449 452 462 463 465 469 471 472 474 475 476 481 491 499
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AFFECTED PRODUCTS

 
030219 151321 151329 271113 283311 283319 283321 283329 283525 283531 283539 283620 283630 283650 283699 290511 290516 290543 290545 330499 381090 390690 390910 390920 390950 392020 392049 392062 392119 392190 392340 392350 481141 481159 481190 482110 490199 520299 520811 520812 520813 520819 520821 520822 520829 520831 520832 520833 520839 520842 520843 520849 520851 520852 520859 540710 540741 540742 540743 540744 540751 540752 540754 540761 540769 540772 540782 540783 540792 551211 551219 580122 580127 580136 580631 580632 580639 590310 590320 590390 600110 600121 600129 600191 600192 600621 600622 600632 600642 621430 621710 621790 640610 640620 640690 700239 701090 701990 720211 720230 720826 720827 720837 720838 720839 720851 720852 720853 720854 721011 721012 721030 721049 721050 721061 721069 721070 721090 721710 721720 731021 731100 740811 740821 760511 841430 841451 841459 841480 841490 842119 842121 842139 842199 844311 844313 844319 844331 844332 844339 844399 848120 848180 851310 851712 851761 851762 851769 851770 852329 852341 852349 853620 853649 853650 853669 853931 853949 853990 854231 854239 854310 854370 854411 854420 854442 854449 854460 854470 870321 870322 870323 870332 870333 870390 870410 870421 870422 870423 870431 871120 901812 901813 901819 901832 901839 901850 901890 940110 940190 940360 940510 940540
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