Finance Minister AHM Mustafa Kamal has proposed a 250 per cent supplementary duty in case of import of two-stroke motorcycles with engine capacity above 250cc (cubic centimetre).
He also proposed 100 per cent supplementary duty on importing four-stroke motorcycles with engine capacity above 250cc.
The minister in his budget speech made the proposal in an apparent move to protect the local motorcycle industry which is now able to produce motorcycles with engine capacity of more than 250cc.
“In our country, factories have been set up to manufacture motorcycles with engine capacity of more than 250cc. There is currently no supplementary duty on the import of such products. On the other hand, in the case of import of motorcycles up to 250cc, there is a supplementary duty of 60 per cent for four-stroke and 250 per cent for two-stroke motorcycles,” he said.
