Importing aircraft to become cheaper
Finance Minister AHM Mustafa Kamal has proposed advance tax exemption for aircraft imports by registered companies in the proposed budget for the fiscal year 2022-23.
Owing to this, importing aircraft in FY 2022-2023 is going to be cheaper.
For all latest news, follow The Daily Star's Google News channel. In addition, the customs duty on new pneumatic tyres, made with a type of rubber generally used on aircraft, has been reduced from 5 percent to 1 percent.
The customs duty on sparking plug used exclusively for aircraft and helicopter engines has been reduced from 10 percent to 1 percent.
The proposal was made by the finance minister while presenting the proposed budget for the fiscal year 2022-23 in parliament today.
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