Dhaka, July 26 -- The National Board of Revenue (NBR) is reassessing its approach to selling luxury vehicles imported duty-free by members of parliament during the previous Awami League administration, following a poorly received auction earlier this year.
At a meeting held on Friday at the Chattogram Custom House, NBR Chairman Abdur Rahman Khan announced plans to avoid disposing of the cars at prices well below their market value.
The February auction of 24 out of 42 vehicles attracted bids ranging from Tk 100,000 to Tk 31 million per car-substantially lower than their estimated market value of Tk 80 to 90 million each.
"We are considering alternative options," Khan said, noting that some government agencies have proposed purchasing the...