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Bangladesh Jeweler’s Association (BAJUS), the trade body for gold traders and the jeweller sector, is apparently chastened by the finance minister's non-inclusion of any of their 15 proposals in the proposed budget for the 2024-25 fiscal.
The BAJUS leaders said this while speaking at a post-budget press conference at the office of the organisation in Bashundhara Shopping Complex in Dhaka on Sunday.
They said that the jewellers sector got nothing from the budget, and urged again to consider 15 points-demand to include in the budget to the survival of jewellery traders, reports UNB.
The organisation also sought a VAT reduction on gold ornaments to 3 per cent from 5 per cent and to stop all kinds of harassment from the tax officials.
Anwar Hossain, chairman and executive member of BAJUS Standing Committee on Tariff and Taxation spoke at the press conference on behalf of BAJUS.
He said that while BAJUS is encouraging entrepreneurship development in the jewellery industry, NBR is not coming forward with policy support.
Besides, they (tax officials) are harassing jewellery traders all over the country in the name of VAT collection. NBR needs to get out of the culture of taking Tk 90 as a bribe under the guise of collecting Tk 10 VAT.
Anwar threatened the jewellery traders would be forced to shut down their business outlet if tax harassment did not stop.
At this time, BAJUS spokesman Dr Dilip Kumar Roy, Adviser Ruhul Amin Rasel, and BAJUS Standing Committee on Tariff and Taxation Member Secretary Paban Kumar Agarwal were present.
