Customs proposes raising imported Hilsa price

Dhaka,  Mon,  25 September 2017
Published : 11 Oct 2016, 21:30:27

Customs proposes raising imported Hilsa price

FE Report

The Customs Valuation and Internal Audit Commissionerate has recently proposed upward adjustment of assessment prices for the import of frozen hilsa and sea fishes to rationalise rates.

According to the proposal, the existing assessment prices of hilsa and other sea fishes may see a two-to three-fold rise.  

According to the proposal, customs assessment prices for frozen hilsa that would be imported through land and sea ports is US$ 1.60 a kg and those of chilled are $1.50 a kg. The price of imported frozen and chilled hilsa through air ports has been proposed to be $ 3.0 a kg.

On the other hand, the assessment price of imported sea fishes like frozen sardine fish, catfish, grey mullet fish, Shad fish and sea breem fish has been proposed to be $ 1.0 per kg.

The proposal came at a meeting, chaired by S M Humayun Kabir, commissioner to the Customs Valuation and Internal Audit Commissionerate.

The meeting was held on October 9 in the city.

The proposals could be implemented from November 01, the meeting also decided.

According to frozen fish importers, the existing customs assessment prices of imported frozen fishes are between ¢ 80 and ¢ 30 a kg.

The importers said after a hike in assessment prices, the import volume of the frozen fish will decline, which may trigger shortage in the local market.

The poor people will be deprived of having low-cost source of protein, they said.

Importers say including import duty, supplementary duty, advance income tax, regulatory duty and turnover tax, frozen fish importers require paying 65 per cent tax.
Editor : A.H.M Moazzem Hossain
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