The government is planning to limit the import and use of luxurious vehicles by increasing the supplementary duty on vehicles having more than 4,000cc by up to 350% from the existing 60%. He also proposed to increase the duty for vehicles between 3,000cc and 4,000cc by five times, increasing it to 300% from the existing 60%. For vehicles between 2,000cc and 3,000cc, the new supplementary duty will increase to 150% from the existing 60%. And for vehicles between 1,600cc to 2,000cc, the new SD is being doubled to 60% from the existing 30%. However, in the case of vehicles below 1,600cc, the SD rate has been reduced by 5%, from the existing 30%.

Source: Dhaka Tribune June 01, 2017 10:41 UTC