The prices of all kinds of small and medium sized vehicles such as car, microbus and SUV will go up as supplementary duties have been increased in the proposed budget, said vehicle importers.
They said 45 percent supplementary duty has been imposed on up to 1,500cc engine capacity cars. At the same time, the prices of medium capacity vehicles or SUVs (sports utility vehicle) will also hike due to additional supplementary duty.
Abdul Mannan Chowdhury Khoshru, president of Bangladesh Association of Reconditioned Vehicle Importers and Dealers Association (Barvida), said due to appreciation of the US dollar and Japanese Yen against taka new and old private car prices are already up in the country.
Following the budget proposal placed in the parliament on Thursday, now the prices of the vehicles will go up further, he said.
Source: The Daily Star
