According to the proposed budget for fiscal year 2017-18, the prices of commodities which may fall below:
Hairdressing materials: The price of import of hair care products can be reduced from 60 percent to 50 percent.
Agricultural machinery: Due to the duty reduction in agricultural machinery and equipment used to make the equipment, prices of these instruments, including nuts-bolts and gear, may be reduced.
Tubes and pipes: Proposals for importing tubes and hose pipe imports from 25 to 25 percent may reduce the prices of this product.
Ceramic Products: In the case of import of various ceramic products including bath tub, sink, wash basin, urinal, the supplementary duty can be reduced from 60 percent to 50 percent.
Air Conditioner Parts: The price of importing air-conditioners from abroad will reduce their tariffs from 60 percent to 25 percent.
LP Gas Cylinder: It will reduce the import duty on import of machinery, components and materials to install liquefied or diluted petroleum gas projects and to reduce the existing import duty on LPG cylinders (5000 liters) from 10 percent to 5 percent.
Local refrigerators: VAT and exemptions are allowed in the local production stage of refrigerators and freezers and in the case of import and spare parts used for making these two products. As a result, the prices of local refrigerators and freezers will be reduced.
Tissue toilet paper: The prices of these products may be reduced in the proposal to reduce the supplementary duty from importing foreign toilets paper, tissue paper, towels or napkin paper and homogeneous products from 30 percent to 25 percent.
Domestic Computer-Laptops: Their prices may fall as they offer customs grace to the import of parts and materials of this sector to promote the addition and production of computers, laptops, tabs, cellular phones and ipad at local level.
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