Bangladesh, March 17 -- The total revenue collection from car imports fell by Tk 5.0 billion last fiscal year, though importation of luxury versions rose substantially.
The import of luxury cars categorised as 4001 CC and above slab climbed by 855 per cent in fiscal 2017-18 compared with that of the previous year, but revenue receipts showed a downtrend.
Such cars are subject to the payment of the highest 827 per cent import tax.
The import tax declined by Tk 120 million for this category of cars in the last fiscal compared with a year ago, despite a rapid pick-up in import.
The National Board of Revenue (NBR) received Tk 1.14 billion taxes against the import of 1,539 luxury cars that are 4001 CC and above in FY 2017-18, the board's dat...