The leaders of the Chattogram chapter of BGMEA requested to halve the existing source tax on RMG products while meeting with Commerce Minister Tipu Munshi on Friday night.
First Vice President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Syed Nazrul Islam, Vice President Rakibul Alam Chowdhury and former vice president Mohammed Nasir Udddin were among the BGMEA’s Chattogram unit team in the meeting.
During the meeting, Nazrul Islam appealed to the commerce minister to exclude the readymade garment (RMG) sector from the payment of VAT.
He also said that that currently the production costs of exportable RMG products in the country increased due to the price hike of fuel.
“We appeal to the government to reduce the price of fuels and also cut the existing 1.0 per cent source tax on RMG to .50 per cent,” he added.
He also said that they need the full cooperation from the government to implement the plan to diversify RMG shipment destinations and increase further its exports.
The minister assured the BGMEA leaders that he would talk with the Prime Minister regarding their plea they made at the meeting.
“RMG sector is playing a great role in the country’s export sector. The Prime Minister has already directed to solve problems facing this sector on a priority basis,” he added.