Feed industries owners demand removal of 5 pc tax on import
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Thursday
August 11, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
THURSDAY, AUGUST 11, 2022
Feed industries owners demand removal of 5 pc tax on import

Trade

UNB
26 October, 2019, 05:35 pm
Last modified: 26 October, 2019, 05:40 pm

Related News

  • Cargo trucks from India can now enter Bangladesh in 3 days
  • LC opening against import declines sharply by 31% in July
  • Imports slow in June
  • Why 76,000 tonnes of tomatoes are imported, asks agriculture minister
  • Why are we experiencing higher inflation in Bangladesh and around the globe?

Feed industries owners demand removal of 5 pc tax on import

Although the feed industries are import-dependent, they are heavily taxed which is unfair and responsible for increased price of meat, egg and fish

UNB
26 October, 2019, 05:35 pm
Last modified: 26 October, 2019, 05:40 pm
Photo: Courtesy
Photo: Courtesy

Urging the government to save the poultry sector of the country, feed industries owners on Saturday demanded the withdrawal of five percent advanced tax on import of raw materials of poultry and fish feed.

Although the feed industries are import-dependent they are heavily taxed which is unfair and responsible for increased price of meat, egg and fish, they said.

They came up with the call at a press conference arranged by Feed Industries Owners Association of Bangladesh (FIAB) at the Jatiya Press Club.

While presenting the keynote paper FIAB General Secretary Ahsanuzzaman said, "The cost of feed production has gone up. For broiler chicken it has increased by Tk 8 to 10; for fish by Tk 7 to 8 and for egg production it has increased by Tk 1. All thanks to imposing advanced taxes on raw material import and delay in release from port."

He also mentioned that prices of eggs and chicken will go beyond the capacity of ordinary people if the situation continues.

Bangladesh Poultry Industries Coordination Committee (BPICC) Chairman Mosiur Rahman said the small scale poultry farmers are facing several challenges that is putting the whole industry in danger.

"Low-income farmers are not getting single-digit loan facility. Power Development Board (PDB) is denying the 20 percent discount on electricity bills which the farmers were offered before," he said.

FIAB Chairman Ihtesham B Shahjahan also spoke at the programme.

Economy / Top News

Import / Feed industry

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Default loans jump Tk22,000cr in six months
    Default loans jump Tk22,000cr in six months
  • File Photo: Mohammad Minhaj Uddin/TBS
    ICDs hike imports handling charge by 35%
  • A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, US on 10 June 2022. REUTERS/Andrew Kelly
    Is global inflation nearing a peak?

MOST VIEWED

  • India to import goods from Bangladesh by rail
    India to import goods from Bangladesh by rail
  • File image
    India allows goods import from Bangladesh by rail, framework set
  • Photo: Mohammad Minhaj Uddin/TBS
    Direct container shipping to the United Kingdom starts on Friday
  • Photo: Collected
    No barrier in wheat import from India: Tipu Munshi
  • Photo: Courtesy
    Ctg Chamber president slams edible oil hoarders
  • Photo: Mohammad Minhaj Uddin/TBS
    NBR to allow more firms easy release of goods from ports

Related News

  • Cargo trucks from India can now enter Bangladesh in 3 days
  • LC opening against import declines sharply by 31% in July
  • Imports slow in June
  • Why 76,000 tonnes of tomatoes are imported, asks agriculture minister
  • Why are we experiencing higher inflation in Bangladesh and around the globe?

Features

Bye bye! Photographer: Michael Zarrilli/Getty Images North America via Bloomberg

Three major takeaways from the FBI search on Trump’s home

9h | Panorama
Photo: Noor A Alam/TBS

Big dreams in small rooms: The aspiring nurses of Geneva Camp

11h | Panorama
Illustration: TBS

How to deal with toxic people at work

12h | Pursuit
Women were more likely to report leaving the workforce between March 2020 and September 2021 than their male counterparts. PHOTO: BLOOMBERG

Being single and smart is bad for your career if you are a woman

12h | Pursuit

More Videos from TBS

Control on liquor import boosts local Carew sales

Control on liquor import boosts local Carew sales

1h | Videos
Is Bangladesh losing opportunity to sent more expats to the Middle East?

Is Bangladesh losing opportunity to sent more expats to the Middle East?

2h | Videos
When hassles at airport will come to an end?

When hassles at airport will come to an end?

4h | Videos
How to spot a Pyramid Scheme?

How to spot a Pyramid Scheme?

5h | Videos

Most Read

1
Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 
Banking

Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 

2
Diesel price hiked by Tk34 per litre, Octane by Tk46
Energy

Diesel price hiked by Tk34 per litre, Octane by Tk46

3
Photo: Collected
Transport

Will Tokyo’s traffic model solve Dhaka’s gridlocks?

4
Infographic: TBS
Banking

Dollar rate will be left to market after two months: Governor

5
Arrest warrant against Habib Group chairman, 4 others 
Crime

Arrest warrant against Habib Group chairman, 4 others 

6
File Photo: State Minister for Power, Energy and Mineral Resources Nasrul Hamid
Energy

All factories to remain closed once a week under rationing system

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]