Motorcycles over 250cc to get costlier

The prices of motorcycles with engines exceeding 250 cubic capacity are likely to rise as the government has proposed to hike the import duty for some parts of the vehicle.

Finance Minister Abul Hasan Mahmood Ali said in his budget address on Thursday that a 10 per cent customs duty will be imposed on raw materials for motorcycles having engine capacity exceeding 250cc, reports bdnews24.com.

The minister also recommended increasing the existing import duty from 5 per cent to 15 per cent against the related motorcycle engine parts in Bangladesh Customs Tariff.