Cement News tagged under: BCMA

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BCMA expects market pick-up in 1Q21

24 December 2020, Published under Cement News

The Bangladesh Cement Manufacturers Association (BCMA) expects cement demand to resume growth by the 1Q21. Between January-August 2020 the cement sector contracted by 7.7 per cent as the impact of the coronavirus was felt throughout the economy. “Our business suffered terribly in the first six months of 2020 and many fell into trouble,” said Md Alamgir Kabir, president of the Bangladesh Cement Manufacturers Association (BCMA). In the first five months of 2020, cement sales fell by 13 per...

BCMA calls for withdrawal of import tax

19 June 2020, Published under Cement News

The Bangladesh Cement Manufacturers Association (BCMA) has called for the withdrawal of a non-adjustable advance income tax (AIT), which is applied at both the import and supply stage, according to The Financial Express. "So far we know this non-adjustable tax is not applicable for any other sectors. I also do not know whether such type of tax is realised in other countries," said BCMA president, Alamgir Kabir. Currently, local manufacturers pay three per cent tax at the import stage and ...

BCMA requests the removal of non-adjustable income tax

02 December 2019, Published under Cement News

The leaders of the Bangladesh Cement Manufacturers Association (BCMA) have requested the waiver of an eight per cent non-adjustable advance income tax (AIT) imposed on imported raw materials and the supply of products, according to The Financial Express. "The gross profit of the cement manufacturing industry declined compared to previous years. It will be a question of survival if the eight per cent AIT is not waived," said Mohammed Alamgir Kabir, the president of the BCMA. Mr Kabir st...

BCMA requests reduction in clinker import duty

23 April 2019, Published under Cement News

The Bangladesh Cement Manufacturers Association (BCMA) has requested a reduction in the specific rate duty on clinker imports to either BDT200/t (US$2.37/t) or a fixed duty of five per cent. Cement manufacturers currently pay BDT500/t, according to the Dhaka Tribune. "Usually, the government imposes five per cent import duties on any basic raw material for industries, but the cement industry pays specific taxes higher than the five per cent," the BCMA stated in a letter to the National Boa...