Good news for motorcycle buyers in the new budget

Abul Maal Abdul Muhith presented the budget for the year 2018-2016 in the National Parliament on Thursday. Finance Minister Abul Maal Abdul Muhith has proposed to rationalize the customs duty on some products in the motorcycle and parts production as well as keeping incentives for motorcycles in the proposed national budget

The Finance Minister said that the rising up area of ​​the transport sector is a sub-surface motorcycle production. Already 3-4 organizations in the country have started manufacturing motorcycles locally. An organization has started exporting their produce to a smaller range

He said that in order to expand the local production of motorcycle, a circular was issued in the last fiscal year by providing symmetrical grace for the sector. In addition to keeping incentives given in the motorcycle manufacturing sector, we propose to rationalize the tariff facilities for some products in the production of motorcycles and parts. Many of the middle class family use motorcycle to survive traffic congestion in Dhaka. The number of days is increasing in the whole country .Besides, people can easily reach their destination through motorcycles. It takes less time and money