File photo of a 2015 Toyota Hiace CollectedDue to Covid-19, the demand for microbuses has gone up and 15-seater microbuses serve as substitutes for mass transportationVehicle importers have lauded the tariff reduction on 15-seater microbuses, saying this is likely to boost connectivity for the country and drive business growth. Due to Covid-19, the demand for microbuses have gone up, industry insiders said, adding that 15-seater microbuses serve as substitutes for mass transportation in the tourism industry, offices, factories, hospitals, and educational students. Previously, the supplementary duty on 15-seater microbuses was 30%. In the budget for FY22, the supplementary duty on hybrid microbuses with engines between 1,801 and 2,000 CC capacity had been reduced from 45% to 30%. And the supplementary duty on hybrid microbuses with engine capacity of 2,001 CC or more was reduced from 60% to 45%.

Source: Dhaka Tribune September 05, 2021 14:03 UTC