Govt to relax debt, taxes of 270 sick RMG units | The Daily Star
12:00 AM, August 13, 2008 / LAST MODIFIED: 12:00 AM, August 13, 2008

Govt to relax debt, taxes of 270 sick RMG units

Government yesterday decided to relax due debts and income taxes of 270 sick or closed readymade garments factories to help them resume operations.
The decision was taken at an inter-ministerial meeting with Commerce Adviser Hossain Zilur Rahman in the chair.
The meeting decided that Bangladesh Garments Manufacturers and Exporters Association (BGMEA) will submit a list of these factories to the finance ministry. The ministry will issue a circular to relax the conditions. Bangladesh Bank will also take the necessary steps in this regard.
The commerce ministry will write letters to the ministries of finance and law to withdraw cases in the Money Loan Court against those factories and to National Board of Revenue (NBR) to exempt due income taxes of those sick factories.
Additional Secretary of the Ministry of Commerce Golam Moshtakim, Export Promotion Bureau Director General Md. Khalilur Rahman and BGMEA President Anwar-ul-Alam Chowdhury attended the meeting.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone and Robi:
Type START <space> BR and send SMS it to 2222

Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News