• Tuesday , 22 Aug 2017
Published : 14 Jun 2017, 19:52:49 | Updated : 14 Jun 2017, 22:32:03AA-A+
printer

Muhith hints at reducing excise duty

Samakal Correspondent
Finance Minister AMA Muhith on Wednesday hinted that the government may withdraw the proposed additional excise duty on bank deposit in the fiscal 2017-18.


"Jatiya Sangsad is now discussing the proposed excise duty and on the basis of this discussion, the rate of excise duty is likely to be changed," he told journalists after a meeting of the Cabinet Committee on Government Purchase (CCGP) at the Cabinet Division in Dhaka.


Muhith also said the excise duty on bank accounts is not a new thing as there was such duty before.


During the budget speech on June 1, Finance Minister AMA Muhith proposed imposition of Taka 800 excise duty instead of existing Taka 500 in cases where the balance, whether debit or credit, exceeds Taka 1 lakh but does not exceed the limit of Taka 10 Lakh.


Similarly, Taka 2,500 excise duty will be imposed instead of existing Taka 1,500 in cases where the balance exceeds Taka 10 lakh but does not exceed the limit of Taka 1 crore; Taka 12,000 will be imposed instead of existing Taka 7,500 in cases where the balance exceeds Taka 1 crore but does not exceed the limit of Taka 5 crore and Taka 25,000 will be imposed instead of existing Taka 15,000 in cases where the balance exceeds Taka 5 crore.


With BSS inputs 


Comments
Editor : Golam Sarwar
Publisher : A. K. Azad
Phone : 8870179-85, 8870195
Fax : 8870191, 88770196
Advertisement : 8870190
136 Tejgaon Industrial Area, Dhaka-1208
Without permission it is strictly prohibited to use the content of this site.
powered by :
Copyright © 2017. All rights reserved