Product prices likely to decline in Bangladesh National Budget 2024-25

Product prices likely to decline in Bangladesh National Budget 2024-25

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Laptop

In his budget speech, the Finance Minister has recommended waiver of 15 percent VAT applicable on laptops at the time of import. This will reduce the total tax burden from 31 percent to 20.50 percent.

Powered Milk

The price of powdered milk has remained high for a long time. According to Bangladesh Trading Corporation (TCB), the price of powdered milk per kg is between 790 and 800 taka. This price may come down due to the removal of additional duty on this product.
“We propose to remove the existing 20% ​​supplementary duty on packed powdered milk up to 2.5 kg,” the minister said.

Dialysis

Dialysis prices may come down as import duty on dialysis filters and circuits has been reduced.

The Finance Minister said, “Dialysis filters and dialysis circuits are two essential components used in dialysis of kidney patients. I propose to reduce the existing import duty on import of these two products from 10% to 1%.”

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