Business Desk :
Terming the proposed budget as conducive for the boost of local mobile phone manufacturing industry, local entrepreneurs opined that implementation of the proposed budget will encourage the domestic production of mobile set accessories like motherboard, display, housing and caching, battery, charger, ear phone etc.
While placing the budget proposal for the fiscal year 2018-19 on Thursday last, Finance Minister Abul Maal Abdul Muhith proposed to reduce customs duty on some raw materials to boost the local production of mobile handset accessories. Muhith also proposed the VAT exemption on the production of handsets at the domestic level. On the other hand, the finance minister also proposed an increase of 1 percentage extra surcharge for imported handsets and also an increase of 15 percentage duties on imported batteries and chargers.
Terming the proposed budget as conducive for the boost of local mobile phone manufacturing industry, local entrepreneurs opined that implementation of the proposed budget will encourage the domestic production of mobile set accessories like motherboard, display, housing and caching, battery, charger, ear phone etc.
While placing the budget proposal for the fiscal year 2018-19 on Thursday last, Finance Minister Abul Maal Abdul Muhith proposed to reduce customs duty on some raw materials to boost the local production of mobile handset accessories. Muhith also proposed the VAT exemption on the production of handsets at the domestic level. On the other hand, the finance minister also proposed an increase of 1 percentage extra surcharge for imported handsets and also an increase of 15 percentage duties on imported batteries and chargers.
