Bangladesh, March 21 -- Second-tier manufacturers of CKD (completely knocked down) motorcycles will enjoy full waiver from payment of Supplementary Duty (SD) from now on, says an order of the revenue board.
With the duty benefit, local motorcycle manufacturers will be able to produce bikes instead of just assembling them.
The National Board of Revenue (NBR) has issued a Statutory Regulatory Order (SRO), dated March 18, 2019, by offering the exemption of 20 per cent SD.
The benefit will be applicable only to import of four-stroke CKD motorcycles having the cylinder capacity (cc) above 50cc but below 250cc.
The NBR defines the second-tier manufacturers as the producers who have capacities to locally produce one or more important parts of ...