Mohammad Suman

Operational activities at the Chattogram port moved at a snail’s pace on the fourth day of an unprecedented disruption due to the government’s imposition of a curfew and countrywide violence over the quota reform movement, hitting business and economy hard.

Chattogram Customs House earlier this month started dismantling 182 vehicles, which have been abandoned by importers at the Chattogram port, to auction off the parts as scrap.

The vehicles were brought in between 2001 to 2012

Ctg customs bids out 118 tonnes of apple, orange at only Tk 74.6 lakh

Former NBR official Md Matiur Rahman, who became a subject of controversy thanks to a high-profile sacrificial goat, has made much of his wealth by minting pre-public shares, an analysis of his and his family’s shareholding in at least 15 publicly listed companies show.

A “cybercriminal gang” attempted to release a container of cigarettes from Chattogram Port after breaching the server of the National Board of Revenue with the login credentials of a customs official.

The government has moved away from its decision to raise the highest income tax rate to 30 percent and end tax holidays for investors in economic zones and hi-tech parks.

So strong was the clout of former National Board of Revenue member Matiur Rahman that he could not be transferred unless he wanted to be transferred.

Chattogram Customs House confiscated 62,000 suspected substandard refrigerant gas-filled cylinders at the port.

As per the new rules, Noah can no longer be imported as an ambulance from the current fiscal year as its passenger cabin does not meet the length requirement, according to an NBR official.

For air conditioner and refrigerator manufacturing industries, the government plans to extend the existing facility to June 2026, according to the finance ministry.

A significant share of Bangladesh’s illegal cigarette market is controlled by two companies where Chattogram City Corporation (CCC) Councillor Abdus Sabur Liton and his brother have the majority stakes, an investigation by The Daily Star has found.

Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.

Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.

Mobile phone calls and metro rail commutes among other daily activities may cost more in the next fiscal year as the government looks to increase taxes to boost its revenue collections.

The National Board of Revenue seeks to impose 25 percent import duty on cars for lawmakers, reversing a practice of tax exemptions that amounted to Tk 5,147 crore over the last 15 years.

State-run Power Grid Company of Bangladesh Ltd (PGCBL) imported 68 kilograms of tower bolts, nuts and washers from India for a whopping $2,39,695 or Tk 2.63 crore, which is 1,619 times the contract value.

Bangladesh’s first and only sandpaper plant is struggling to expand its footprint owing to unhealthy competition from importers, who are allegedly under-invoicing prices of the abrasive paper.

The National Board of Revenue has suspended all imports and exports by Abdul Monem Group and all its subsidiaries, including Abdul Monem Sugar Refinery, over misuse of bond facilities and non-payment of applicable duty and fines worth Tk 674.35 crore.

It also instructs banks to freeze the Group's bank accounts