Finance Minister AHM Mustafa Kamal on Thursday proposed to hike the price of tobacco products in the proposed national budget for the fiscal year 2021-2022 to reduce the use of tobacco products and to increase revenue collection.
“I propose to fix the price of lower slab of cigarette per 10 sticks at Tk39 and above and supplementary duty on it to be 57 percent. Apart from this I propose to fix the price of medium slab cigarette per 10 sticks at Tk 63 and above, high slab 10 sticks cigarette at Tk 102 and above and the price of premium slab at Tk 135 and above where supplementary duty for all the three slabs will be 65 percent,” he said while placing the 50th proposed budget before parliament.
The finance minister also proposed to continue existing price of non-filtered 25-stick handmade bidi at Tk 18, 12-stick bidi at Tk. 9, and 8-stick bidi at Tk 6 where supplementary duty will be 30 percent for all.
“I also propose to continue existing price of filtered 20-stick bidi at Tk. 19/-, 10-stick bidi at Tk. 10/- where supplementary duty will remain unchanged at 40 percent for both,” he said proposing to continue existing price of 10 gm Jarda at Tk 40 and price of 10 gm Gul at Tk 20 where supplementary duty will be 55 percent for both.