Massive under invoicing alleged in tire import: Govt losing about Tk 250cr tax ...
05.04.10
Firm Report
The government has been incurring injury of a huge amount of revenue every year due to titanic under invoicing in import of tyre An account of last year's gain collection says that on an average the administration is loosing Tk. 150 crore on an for the most part each financial year. A under develop nation like Bangladesh cannot effort to have such a negative cash flow death.
A recent BRTA statement says that, in Dhaka Metropolitan Bailiwick daily 100 private cars is being registered, so it is perceived that the use of enervate is increasing in a high volume. Miscellaneous kinds of tires are having various occupation values.
Commercial tires are the tire of Bus/Transaction/lorry and its total duty is 34.98%, motor car fidelity is 55.8637%, agriculture tires duty is 26.4668%. And like this the office is charged with the VAT, AIT and ATV. Various top branded and branded tires are imported from heterogeneous countries by our importers.
Out of the imported tires some are Goodyear, Dunlop,
Bridgestone,
Source: The New Nation