Bangladesh Automobiles Assemblers and Manufacturers Association (BAAMA) on Sunday urged the government and the National Board of Revenue (NBR) to provide ‘special incentives’ for progressive manufacturing of electric vehicles (EVs) in the country as the world moves toward sustainable energy sources reducing its dependency on fossil fuels.
In this regard, they urged the NBR to reform HS (harmonised system) code based on CC/KW of the locally manufactured passenger vehicles, and impose 5 per cent duty on its raw material import.
Former BAAMA president and Runner Group Chairman Hafizur Rahman put forward the proposals to NBR Chairman Abu Hena Md Rahmatul Muneem, during a pre-budget discussion at the NBR Conference Room in Dhaka.
BAAMA Senior Vice-President and IFAD Group Deputy Managing Director Taskeen Ahmed proposed VAT and duty exemption from existing 15 per cent on import level for those who deliver chassis and cabin as progressive manufacturers.
He, however, suggested slapping 5 per cent VAT on sales level.
Besides, Aviation Operators Association of Bangladesh, Bangladesh Motorcycle Assemblers and Manufacturers Association, Bangladesh Bicycle Merchant Assembling and Importers Association, Bangladesh Automobile Workshop Malik Samity, and Bangladesh Inland Waterways (passenger carriers) Association also presented their respective proposals in the pre-budget meeting.
