Bangladesh National Budget: What products will get cheaper in FY 2020-21?

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The followings are of many products that are going to get cheaper this year as announce by Finance Minister AHM Mustafa Kamal on 11 June 2020 while placing Taka 568,000 crore national budget for 2020-21 fiscal with an ambitious target of 8.2 percent GDP growth amid the economic fallout due to the coronavirus pandemic.

 

Price will decrease due to a decline in CD
Roller Chain used on Agricultural Machinery; Ball Bearings Used on Agricultural Machinery; M.S Sheet (1mm-3mm); Gear Boxes and parts thereof; Steering; Tire used on agricultural Machinery; Tube used on agricultural Machinery; Wheel Parts (Rim) used on agricultural Machinery; Blower for grain dryer; Coated Electrodes of base metal; Soyabean oil cake Soya; Protein Concentrate; Linear Alkyl Benzene Sulphonic Acid (LABSA), Mortars, concretes; Photosensitive plates imported by industrial IRC holder VAT compliant Printing and packaging
Industry; Cleaning preparation imported by industrial IRC holder VAT compliant paper mills; Base oil imported in bulk by Industrial IRC holder VAT compliant petroleum products processing or blending industry; Lubricating/cutting oil /anti-rust preparations containing petroleum or bituminous mineral oils; Artificial Graphite; Textile Fabrics Laminated with Polyvinyl Chloride Imported by Industrial IRC Holder VAT Compliant Footwear Manufacturing Industry; Textile Fabrics Laminated with Polyurethane (Artificial Leather) Imported by Industrial IRC Holder VAT Compliant Footwear Manufacturing Industry; RFID TAG Imported by Industrial IRC Holder VAT Compliant 100% Export Oriented Textile Industry; Industrial Racking System Imported by Industrial IRC Holder VAT Compliant 100% Export Oriented Garments Industry; Paraffin wax; Hand-operated sprayers for agricultural use; Other agricultural or horticultural Sprayers; Other electrical signalling equipment; Cutting table of a kind used with cutting machine; Cutting table of a kind used with cutting machine.

 

Price will decrease due to a decline in RD
Ethylene/propylene imported by VAT registered PVC/PET resin manufacturing industry in economic zone; 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.

 

Price will decrease due to a decline in SD
Printed Knitted or Crocheted Fabrics Imported by Industrial IRC Holder VAT Compliant Footwear Manufacturing Industry.

 

Price will decrease due to a decline in VAT
Gold (Unwrought); Tyre used on agricultural tractors; Inner tubes of rubber used on tractors; COVID-19 Test Kits.

 

Read more about products that are going to become costlier this fiscal year here.

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