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BPGMEA demands 20pc cash incentive on export

Staff Correspondent

Bangladesh Plastic Goods Manufacturers and Exporters Association on Tuesday demanded the government should provide 20 per cent cash incentive in the next budget for direct exports of plastic goods.
They said the exporters needed such fiscal support to survive amid tough competition in the international market as well as an incentive to increase exports of plastic goods.
At a pre-budget discussion with the National Board of Revenue, BPGMEA also demanded imposing anti-dumping duty on imports of different plastic goods including toys, melamine, and plastic jewellery items to protect the local industry from products which some neighbouring countries were exporting to Bangladesh at dumping prices.
‘The plastic goods sector is not getting cash incentives for exports though many other sectors are getting such facility. There is a huge potential of increasing exports of plastic goods if the government could provide cash incentives for the sector,’ the BPGMEA said in a written proposal to the NBR.
BPGMEA president Shamim Ahamed and former president ASM Kamal Uddin placed the proposals to NBR.
The association claimed that neighbouring countries were exporting their plastic products at dumping prices to Bangladesh against the interest of the local plastic industry.
So the government should impose anti-dumping duty on import of plastic products to protect local industry by preventing unfair trade, the proposal stated.
If any foreign product is imported into Bangladesh at less than its factory price, it is dumping and is considered as harmful to local industries, NBR officials said.
The association’s proposal included withdrawal of duty on import of moulds and machineries for plastic industries, withdrawal of value-added tax on locally produced plastic products and reduction of duty on import of raw materials for the industry to 3 per cent from existing 5-12 per cent.
BPGMEA also demanded imposing higher duty on import of finished plastic products like box, cases, trays, tableware, kitchenware, furniture, toys, hanger and accessories.
As a part of the discussion for preparing the budget for 2012-13 financial year, the NBR also discussed with Bangladesh PVC Pipe Manufacturers Association and Bangladesh Cold Storage Association.
NBR chairman Nasir Uddin Ahmed, members Syed Aminul Karim and Farid Uddin, and coordinator of the pre-budget meetings and NBR first secretary Abdur Rouf attended the meetings.




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