20th February 2018
EP Report

   Sales of used hybrid cars are surging for better fuel economy and significantly lower prices than the brand new ones, according to the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida).

 

In the face of rising demand from reconditioned car importers, the government from this fiscal year has allowed the import of second-hand hybrid cars as well as slashed the supplementary duty.

 

The SD on hybrid cars of up to 1,600cc has been slashed by 5 percentage points to 25 percent for fiscal 2017-18. For hybrid cars of more than 1,600cc but less than 2,000cc, the duty has been reduced by 15 percentage points to 45 percent.

 

For hybrid cars exceeding 2,000cc but less than 3,000cc, the SD has been fixed at 60 percent, down from 150 percent in the previous fiscal year.

 

The government has also cut the SD on hybrid cars with higher engine capacity, according to the National Board of Revenue.


comments
leave a comment

Create Account



If you have already registered , please log in

Log In Your Account



Download The Anniversay 2018



Share