Finance Minister AMA Muhith on Tuesday said he wanted to legalise gold import for the jewellery industry as most of it is currently being smuggled into Bangladesh. I think the best way would be to allow importing gold to combat gold smuggling from India,” the finance minister said in his situation paper on allowing legal import of gold. I will then prepare my recommendation.”In the minister’s situation paper, the National Board of Revenue (NBR) gave three recommendations including letting VAT registered jewellery businesses to import gold legally. Bajus made a proposal to the government to allow them to import gold. Muhith earlier had instructed the Internal Resources Division to find a solution to the upward trend of gold smuggling from India.

Source: Dhaka Tribune May 16, 2017 19:18 UTC