Dhaka, July 3 -- Entrepreneurs from the steel sector have strongly demanded the reinstatement of the previous 5pc advance tax at the import stage for all types of steel. They stated that the 2025-26 national budget has increased the advance tax from 5pc to 7.5pc, pushing the iron and steel industry towards disaster.
On Wednesday, during a press conference held at the headquarters of the Bangladesh Iron and Steel Importers Association, the organization's president, Abuzar Giffari Jewel, called for the withdrawal of the increased advance tax. Senior Vice President of the association and former FBCCI director Amir Hossain Noorani, General Secretary Alhaj Nasirullah, and others also spoke at the event.
In his written statement, Abuzar Giffari...