Bond licence for gold traders also

Senior Correspondent |
Update: 2019-06-23
Bond licence for gold traders also

DHAKA: National Board of Revenue will give bond licence facility to gold traders like as readymade garments and leather traders, says NBR Chairman Mosharraf Hossain Bhuiyan. 

He was speaking as the chief guest at the inauguration of a three-day gold tax fair aiming to legitimize the undisclosed gold through paying taxes arranged at Hotel InterContinental in the city on Sunday (June 23).

Bangladesh Jewellers Samity (BAJUS) president Ganga Choron Malakar and general secretary Dilip Kumar Agarwala also addressed the programme with NBR member Kanan Kumar Roy in the chair.

The National Board of Revenue (NBR) and Bangladesh Jewellers Samity (BAJUS) jointly arranged the fairs aiming to help businesses declare their stock of undisclosed gold by June 30 next.

Seeking government help for jewelers, he said if land for Jewelry Village is allocated near Dhaka and a modern jewelry institute is constructed there, the jewelery industry will lead the world in the sector in the next 10 years.

According to the notification issued by National Borad of Revenue (NBR) on May 28, the NBR offered the opportunity to formalise undisclosed gold, diamond and silver by June 30, 2019.

Traders, including jewellers and dealers, will be able to legalise their undeclared precious metals by paying Tk 1,000 for per bhori (11.664 grams) gold and gold ornaments, Tk 6,000 per carat cut and polished diamond and Tk 50 per bhori silver.

The fair will start from 10am everyday and continue till 5pm. The fairs will also be held in all divisional cities on June 24-25.  

BDST: 1534 HRS, JUNE 23, 2019

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