Bangladeshi steel manufacturers are looking to the government to cut import duties on raw materials in its forthcoming budget.
At a pre-budget meeting between National Board of Revenue (NBR) chairman Muhammad Abdul Mazid and representatives of the construction sector the secretary-general of the Bangladesh Steel Mill Owners Association (BSMOA), Mr M Bashirullah, called for duty cuts on the import of melting scraps, sponge iron, ferro-manganese, ferro-silicon, ferro-silica manganese, quartz powder, graphite powder, graphite electrode and manganese ore as well as enhancing the duty on finished MS rod. Mr Bashirullah also demanded an exemption of pre-shipment inspection in importing raw materials for the steel industry.
The Bangladesh Cement Manufacturers Association (BCMA) also proposed a cut in import duties on cement clinker, fly ash and slag.
Meanwhile the Bangladeshi government is looking to formulate a well-coordinated and balanced budget for the fiscal 2009-10 where no sector will be deprived. "We want to confirm that giving facility to a sector will not deprive another one," Mr Mazid said. He added that the philosophy for the budget is to facilitate employment and the eradication of poverty.
"The government will formulate a balanced budget that will facilitate all sectors towards achieving the philosophy of the budget." hw saud.
Source: The New Nation
No comments:
Post a Comment