 | 6-day national furniture fair kicks off tomorrow
05 December, 2010
Furniture makers urged Saturday the government to bring down taxes on imported raw materials for furnishers and formulate a reasonable tariff policy to encourage exports.
A pragmatic tariff policy will help local furnishers to rival with importers, leaders of the industry group said.
They also said although the local furniture industry has developed in terms of quality and technological advancement, the price is still beyond the reach of the middle class, thanks mainly to taxes and VAT as high as 55 per cent.
"It (taxes) should come down to 25 per cent to make furniture prices affordable for local consumers and competitive for exports," said Selim H Rahman, general secretary of Bangladesh Furniture Industries Owners' Association (BAFIOA).
His remarks came at a press meet in the city on the eve of National Furniture Fair 2010, scheduled for tomorrow (Monday). The association has organised the fair, managed by Design and Technology Centre (DTC).
Release link:http://www.thefinancialexpress-bd.com/more.php?news_id=119234&date=2010-12-05
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