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Tariff on 17 items raised, 19 cut

By Rafiq Hasan
The National Board of Revenue has readjusted the tariff values on certain items like powdered milk, degummed soyabean oil, crude palm oil and sodium chloride in keeping with their prices in the international market, NBR sources said.
It is likely to affect their retail prices as enhanced duties have already been imposed from September 11.
A Statutory Regulatory Order (SRO) by the NBR said tariff on 17 items has been raised and that on tin plates used by the canning industry waived.
Tariff on 19 items was reduced while new tariff was imposed on nine items. The highest Increase of Tk 300 per tonne was on milk powder while the maximum decrease of Tk 1200 per tonne was on hydrochloric acid used for Industrial and commercial purposes.
The tariff on milk powder was enhanced to Tk 2100 per tonne from Tk 1800 while that
on hydrochloric acid was reduced to Tk 200 from Tk 1400 per tonne earlier.
When contacted. NBR chairman Hannan Shah said, "It is a normal routine work done always by the tariff committee. It has no relation with revenue earning and tax collection by the government," he added.
The impact of these changes will not be much because it is only to readjust with the prices in the international market. If there was no tariff, the duties would have been increased on invoice, he said.
The tariff committee also includes representatives from the private sector.
As the government fixes the price of petroleum products, the tariff value increase of Tk 1.70 per barrel will not affect the price in local market. Hannan noted.
The major items on which tariff values have been increased are: crude soyabean oil Tk 555 from Tk 540 per tonne, crude palm oil Tk 555 from Tk 540. sodium chloride Tk 690 from Tk 600. magnesium hydroxide Tk 1700 from Tk 1600. potassium hydroxide Tk 800 from Tk 750 and paraffin wax (refined) Tk 725 from Tk 700.
The major items on which tariff values were reduced are: potato starch Tk 600 from Tk 700 per tonne, red phosphorus Tk 3200 from Tk 3600. sulphuric acid Tk 200 from Tk 600. zinc oxide Tk 1150 from Tk 1200, menthol Tk 9000 from Tk 9500. card board Tk 1150 from Tk 1200. colour television Tk 13.25 from Tk 14.72 per 2.54 cm screen and black and white television Tk 4.59 from Tk 5.10 per 2.54cm.
New tariff of Tk 56 was imposed on grey portland cement in bulk per tonne. Tk 750 on stearic acid. Tk 200 on acid oils and Tk 35 on synthetic carpet.
Tariff values of Tk 750 and Tk 425 per tonnes on tin plates of primary quality and secondary quality respectively.