Dhaka, Feb 10 (UNB) – An amount of around Tk 7 crore was collected as value added tax (VAT) at the month-long Dhaka International Trade Fair (DITF), Tk 1 crore more than the target and 2 crore up from last year’s figure.
“Last year, Tk 5 crore was collected as VAT at the fair and our target was to fetch Tk 6 crore this year. But we collected Tk 7 crore this year,” Dr Moinul Khan, commissioner of Customs and VAT (Dhaka West Zone), told UNB on Sunday.
He also said they beefed up surveillance from January 28 with the deployment of three teams. “These teams inspired traders to follow the rules and fined 25 organisations for evading tax,” he said.
“We’ve inspired the businessmen to comply with the VAT law and received a good response from them. We hope the amount will increase further in the next edition,” Moinul Khan added.
A 5 percent business tax was applicable for most of the products at the fair.
As per the law, VAT invoice should be issued during the purchase of any good.
The 24th DITF which began on January 9 instead of the first day of January due to the 11th national election ended on Saturday.
The fair was jointly organised by the Export Promotion Bureau and the Commerce Ministry at its usual venue at Sher-e-Bangla Nagar in Dhaka.
Taipei, Feb 10 (AP/UNB) — A strike among pilots at Taiwan's flag carrier China Airlines dragged into a third day Sunday, resulting in further flight cancellations.
There was no immediate word of a settlement as the pilots' union remained firm in its demands for an additional backup pilot on flights lasting eight hours or more, a more transparent system of promotion, a year-end bonus and other concessions.
The official Central News Agency said a total of 47 flights will have been canceled by Sunday.
The strike came in the middle of the Lunar New Year travel rush. About 70 percent of the carrier's 1,300 pilots belong to the union, which has accused management of insincerity and mistreating its workforce to keep costs down.
CAL crews went on strike for 24 hours in 2016 for better conditions.
The airline has said it is willing to continue negotiations but that the union's demands in talks are different from those it makes in public.
Flights canceled included those bound for Hong Kong, Bangkok, Los Angeles, Manila and Tokyo. Most of those were departing from Taiwan's main international airport at Taoyuan, just south of the capital Taipei.
Founded in 1959, China Airlines is one of the island's two largest carriers with a fleet of 88 aircraft.
Dhaka, Feb 9 (UNB)- Islami Bank Bangladesh Limited won the best premier pavilion award at the Dhaka International Trade Fair 2019 on Saturday.
Abu Reza Md Yeahia, deputy managing director of Islami Bank, received the prize from Commerce Minister Tipu Munsi at DITF’s concluding session.
Tofail Ahmed, chairman of the Standing Committee on Ministry of Commerce, was present on the occasion as special guest.
Dhaka, Feb 9 (UNB)— Commerce Minister Tipu Munshi on Saturday said the month-long Dhaka International Trade Fair (DITF) concluded successfully, drawing large crowds and getting more export orders compared to previous years.
“This fair helped to popularise many local products. So the import of those products will decrease and save us foreign currencies. Some of our new products can attract foreign buyers,” he said at the DITF conclusion ceremony at Sher-e-Bangla Nagar.
Munshi said the fair had more than five million visitors this year and that the business was good. He said it would be difficult to organise DITF in Purbachal because of limited space.
“Our export order increased to around Tk200 crore,” he said. The amount was around Tk 165 crore last year.
The minister noted that around 83 percent of Bangladesh’s export income comes from the garments sector. He emphasised focusing on other products to decrease dependency on RMG goods and develop markets.
Former commerce minister Tofail Ahmed said the export earnings would rise to Tk 60 billion by 2041.
Minister Munshi handed over crests to exhibitors for the best pavilion, VAT payers and senior government officials who assisted in DITF.
The fair has been jointly organised by the EPB and Ministry of Commerce since 1995. The authorities concerned extended the fair by one day this year at the request of the exhibitors.
Dhaka, Feb 7 (UNB)- A large number of buyers and visitors are gathering at Marcel pavilion to pick up their desired electronics and electrical appliances at affordable and discounted prices before the end of the ongoing month-long Dhaka International Trade Fair-2019.
During several visits to the premises of the fair during the last couple of days, it was found that a large number of buyers were swarming to the Marcel pavilion on to pick up their desired appliances. The sales executives of the local pavilion were also passing very busy hours in dealing with the huge customers’ flow.
At Marcel pavilion, they are offering 12 percent cash discounts on its all models of refrigerators and freezers. Customers of Marcel LED and Smart televisions are enjoying 12 percent and 15 percent cash discounts respectively. A flat 15 percent discount is offered to the air conditioners’ customers. The buyers of home appliances at Marcel Pavilion are getting 10 to 12 percent discounts.
Customers of Marcel fridges, televisions and air conditioners can also get various sorts of attractive awards like confirm cash vouchers up to tk 1 lakh, free motorcycle, laptop, refrigerator, television, air conditioner and other sorts of home and electrical appliances through registering products purchased from Marcel Pavilion in the DITF-19 under the company’s ongoing nationwide Digital Campaign Season 4.
In the last moment of this expo, a good number of buyers are thronging Marcel Pavilion to purchase highest standard fridges, televisions, laptops, smartphones and other sorts of appliances, he said and hoped that the participation of Marcel in this year DITF would be successful.
At the first floor of the Marcel Pavilion, total of 72 huge energy saving fridges are showcased, of which 58 models of frost, 2 models of non-frost and 12 models of freezers.
Marcel is displaying total of 20 models of huge energy saving world’s latest technologies’ air conditioners in the DITF like IoT based Smart AC, inverter and ionizer technologies ACs.
In addition, Marcel Pavilion was decorated with 72 models of LED and Smart TVs; 6 models of microwave ovens, pressure cookers and irons; 27 models of LPG and NG-run single and double burners’ gas stoves; 24 models of LED lights; 14 models of blenders; 9 models of rechargeable table fans; 7 models of rechargeable batteries; 5 models of electric kettles, kitchen cookware and ceiling fans; 4 models of room heater; 2 models of voltage stabilizers and auto voltage protectors, washing machine, induction cooker and wall fan.