Pharma companies want exemption from import duties
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Dhaka, Nov. 20 -- Country's drugmakers have sought an exemption from all sorts of related duties and taxes on import of plastic items used in packaging exportable drugs, officials and industry insiders said.
Currently, the government imposes 127.72 per cent, 58.60 per cent and 127.72 per cent total tax incidence on import of HDPE/LDPE containers with or without child lock, sterile/aseptic PP/PVC bags, containers for infusion products and stoppers, lids, caps and other closures respectively, according to Bangladesh Association of Pharmaceutical Industries (BAPI).
The production prices are going to go up many times due to higher customs duty, supplementary duty, regulatory duty, value added tax, advance tax (AT) and advance income tax on ...
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