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Govt to enact anti-dumping law

NBR chairman tells DCCI leaders at pre-budget meet

Star Business Report
The government is going to enact an anti-dumping law in order to protect the interests of local industries. Chairman of the National-Board of Revenue (NBR) Khairuzzaman Chowdhury told a pre-budget discussion yesteniay.
The government will enact an anti-dumping law." he said asking the leaden of Dh.ika Clumber of Commerce and Industry (DCCJ) to give a list of Items that are being dumped.
DCCI leaders at the pre-budget meeting also alleged imported goods are flooding the Bangladesh market,
posingthreattolocal industries.
They urged the NBR chairman to ensure transparency in the process of' tax assessment and revenue earning. The chamber leaders also stressed the need for bringing parity in facilities enjoyed by entrepreneurs in the export processing zones and outside the zopes.
Speaking ar the meeting at the chamber auditorium inDhaka. DCCI President Sayeeful Islam demanded continuation of tax holiday in the next budget
Responding to the chamber leaders, the NBR chairman urged the business leaders to come up with suggestions and alternative propos-
als on tax holiday and other issues that can be included in the next budget
Chowdhury also sought suggestions from the business community in defining raw materials in order to rationalise duties on import of raw materials and finished items so that local entrepreneurs and manufacturers can invest in assembling industries
The DCCI president underscored the need for giving emphasis on small and medium enterprises (SMEs) in the next budget and a healthy policy for potential assembling industries by rationalising tax measures.
As a result of tax holiday, a total of
902 industrial units with an investment ofTkI,400 crore had been set up in the country in last three years, he added in astatement issued by the chamber.
The next budget should be an SME-oriented one since it is the backbone of today's national economy, he said adding that these industries should be protected at their preliminary stages.
Former DCCI presidents Mohammad Yunus, Matiur Rahman, Rashed Maksud Khan and MH Rahman, incumbent Senior Vice-president Manzur-Ur-Rahman Ruskin and other leaders were present at the meeting.