BARVIDA demands cuts in import duties on hybrid, reconditioned vehicles
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The Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) has demanded cuts in import duties on hybrid and reconditioned vehicles in the national budget for the 2026-27 fiscal year.
BARVIDA also proposed increasing the age limit of importable vehicles from the current 5 years to 8 years.
Abdul Haque, president of BARVIDA, made these demands at a news conference held in the city on Saturday.
He said that reducing duties on hybrid, plug-in hybrid and reconditioned vehicles imported from Japan will increase the use of environmentally friendly vehicles and make car purchases easier for ordinary buyers and help the government generate more revenue.
The organisation also demanded the withdrawal of supplementary duty on microbuses used as public transport, reduction of duty on pickups and elimination of tariff discrimination between new and reconditioned vehicles.
BARVIDA claimed that there is a local investment of about Tk 200 billion in the reconditioned car import and marketing sector in the country. This sector generates about Tk 60 billion in revenue annually and directly and indirectly creates employment for about 500,000 families.