Tuesday, 5 July, 2022

‘Capital machinery duty to remain unchanged for small industries’

Finance Minister AHM Mustafa Kamal on Thursday said keeping the import duty for capital machinery unchanged at 1 per cent for the small and medium industries to give a boost to the sector.

The minister said this while placing the proposed national budget for FY23 at Jatiya Sangsad in the city, reports BSS.

He also recommended increasing the supplementary duty on import of some finished products to protect the paper cup manufacturing industry.

The steps will be taken to help the local small and medium industries flourish, the minister said.