Sub-contractors ineligible for export benefit: NBR
Local sub-contracting firms are not eligible for duty drawbacks on goods and services they supply to public projects, which are funded by foreign loans or grants, clarified the National Board of Revenue (NBR) last Thursday.
1 December 2018, 18:00 PM
Low prices spoil joy of bumper aman harvest
Farmers are deflated by the drop in paddy prices, which will leave them with hardly any profit from the current bumper aman harvests.
28 November 2018, 18:00 PM
Bitopi: creating the advertising benchmark
It was the days of spontaneous waves of non-cooperation movement of March 1971. Freedom-seeking Bangalees brought out processions and took part in the liberation struggle against the then-Pakistani rulers. And Bitopi, which was just three years old, could not stay away.
14 November 2018, 18:00 PM
Tax returns shoot up 33pc
Tax return submissions shot up 33 percent year-on-year to 18 lakh last fiscal year, marking the highest spiral in the last decade,
13 November 2018, 18:00 PM
Coastal belt holds wind power prospects: study
Bangladesh's southern coastal belt offers potential for generating power through wind, according to a recently published study by the US Department of Energy's National Renewable Energy Laboratory, raising hopes of meeting the government's renewable energy goals.
10 November 2018, 18:00 PM
Use of electronic fiscal device to be delayed
The National Board of Revenue is yet to complete its preparations to enforce the use of automated sales recording machines at the
3 November 2018, 18:00 PM
Compliance pays off
Some 26 individuals and 32 companies, for their for the third year in row, have made it to the list of the top taxpayers who will be
3 November 2018, 18:00 PM
Sugar import from India to be duty-free
The commerce ministry yesterday agreed to withdraw the 40 percent duty on sugar imports from India, much to the ire of the local refiners.
1 November 2018, 18:00 PM
Local indigo goes global
Indigo, which reminds of an episode of cruelty during the British colonial rule, is being farmed once again and the famous blue has recently found its way to the US from Bangladesh.
29 October 2018, 18:00 PM
Domestic fridge, AC makers given a fillip
The revenue authority has waived value-added tax and supplementary duty on the import of raw materials to make compressors of refrigerator and air conditioners with a view to facilitating local manufacturing.
23 October 2018, 18:00 PM
Draft law to digitalise customs
A new customs law is likely to be placed in parliament soon under which the associated environment will have to be digitalised by the
20 October 2018, 18:00 PM
One-stop service for businesses by Dec
Entrepreneurs investing in the economic zones will get all types of trade and investment services from various government agencies within 45 working days of their application, according to the One-Stop Service Rules issued by the Prime Minister's Office on Tuesday.
18 October 2018, 18:00 PM
Pineapple, aloe vera make it to export list
Locally grown pineapples and aloe vera are exported abroad in processed form, ushering hopes that farmers would not suffer losses for production gluts, said three persons familiar with the matter.
18 October 2018, 18:00 PM
Kar Bahadur title may go
The tax administrator plans to discontinue the Kar Bahadur title, a decoration that was introduced last year to honour long-time
16 October 2018, 18:00 PM
Joint efforts to ease congestion
The customs authority plans to start working along with all stakeholders soon to ease congestion of vehicles at Benapole and
15 October 2018, 18:00 PM
Hybrid cars fast taking up city lanes
Import of hybrid cars is increasing exponentially on the back of soaring demand for the fuel-efficient vehicles from the upper middle-income people, marketers said.
11 October 2018, 18:00 PM
Shopping habits changing as online retailers spring up
The doorbell rang twice, which made Fazilatun Nesa peek through the peephole.
1 October 2018, 18:00 PM
NBR plans dedicated unit for multinationals
The National Board of Revenue plans to set up a separate unit for multinational companies (MNCs) to provide hassle-free services to
1 October 2018, 18:00 PM
Out of watch with legal shield
Almost every time any government agency tried to ensure accountability and transparency of the duty-free liquor trade, it found itself in a legal limbo.
Over the last two decades, diplomatic bonded warehouses, who import duty-free liquor for diplomats and foreigners, filed writ after writ with the High Court challenging the legality of the government action.
24 September 2018, 18:00 PM
Edible oil prices drop
Edible oil prices have fallen in the local market on the back of a price slump fuelled by higher global production and the US-China trade war, said processors and wholesalers.
23 September 2018, 18:00 PM