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Prices up prices down


Published : 13 Jun 2019 09:51 PM | Updated : 04 Sep 2020 08:30 PM

Due to proposed change of duties on different products in budget for 2019-20 fiscal, prices of some daily essentials are expected to increase, prices of some others might decrease. Besides, the budget also proposed to impose vat on social networking sites like Facebook, Google, Youtube etc.

Prices of products that might go up Plastic and aluminum items, soybean oil, palm oil, sunflower oil, mustard oil, tobacco products like cigarette and bidi, zarda, gul etc., imported milk powder, sugar, medicine, maize (corn) starch, manioc (cassava) starch and gypsum board, particle board and domestic electrical appliance/equipment, and rice bran prices are expected to go up with the additional supplementary duty proposed in the budget for fiscal 2019-20.

Duties have been imposed on different professionals/services including palmist, matchmakers, TV serial producers, marriage media services, vehicles registration, route permit, fitness certificates, ownership certificate etc. except for passenger buses, trucks, lorries, three wheeler, ambulances and school buses,

25 percent supplementary duty on chartered aircrafts and helicopters, five percent supplementary duty on ice-cream, services provided through mobile phone SIM/RIM card have been suggested. Prices of products that might go down Prices of transistors, crystal diodes, charger connector pin, SIM slot ejector pin, mobile handset, promaspray-300 (plaster/cement), Bondseal paint, fire retardant paint, lightning arresters, gold, dehydrated chives imported by bakery products manufacturers, industry cotton seeds, palm nuts or kernels, pebbles broken stone, ethylene glycol imported by vat registered pvc/pet resin manufacturing industry in economic zone, terephthalic acid imported by vat registered pvc/pet resin manufacturing industry in economic zone, anti-oxidising preparations and other compound stabilizers imported by vat registered plastic goods manufacturing industry are expected to go up.

Moreover, prices of fep/teflon tube imported by vat registered medical equipment manufacturing industry, coco substrate; coco pellet; growing media, flat-rolled products of a thickness of 0.4 mm or more imported by vat registered pre-fabricated building manufacturing industry, fistula needle, single or double side coated release paper, imported by vat registered refrigerator or freezer manufacturing industry, steel plate imported by vat registered, refrigerator manufacturing industry, tubes without fittings imported by vat registered medical equipment manufacturing industry, uncoated paper and paper board weighing 40 g/m² or more but not more than 150 g/m²mported by vat registered medical equipment manufacturing industry might also increase.

In addition, copper wire imported by vat registered electric fan motor or water pump motor manufacturing industry, aluminium ingot imported by vat registered electric fan motor or water pump motor manufacturing industry, rotor washers imported by vat registered, electric fan motor or water pump motor manufacturing industry, m.s. rod/shaft imported by vat registered electric fan motor or water pump motor anufacturing industry, sticker imported by vat registered electric fan motor or water pump motor manufacturing industry, insulated paper imported by vat registered electric fan motor or water pump motor manufacturing industry might also increase.

Tpmc imported by vat registered electric fan motor or water pump motor manufacturing industry, rotor/motor bush imported by electric fan motor or water pump motor manufacturing industry, capacitor imported by vat registered electric fan motor or water pump motor manufacturing industry, chrysolite fibre imported by vat registered cement sheet manufacturing industry.