Newsprint import duty cut by 10pc
Staff Correspondent
The finance adviser has proposed reduction in customs duty on newsprint import from the existing 25 percent to 15 percent.He said the reduction proposal was made "considering the problems of newspaper industry and at the same time keeping the raw materials for newsprint duty-free to develop the local newsprint industry." Bangladesh Sangbadpatro Parishad and Newspaper Owners Association of Bangladesh said the duty cut is not enough and demanded zero duty. They said the duty on newsprint import is six percent in India, five in Pakistan, and 2.5 percent both in Nepal and Sri Lanka.
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