It demanded withdrawal of the proposed TK 0.1 million new bond licence fee and revision of the renewal fee to TK 10,000 annually, down from TK 50,000 and TK 5,000 respectively now.

It also demanded withdrawal of the proposed 200-400 per cent penalty for HS code-related mistakes, according to domestic media reports.

BGAPMEA’s complaint is that the proposed budget lacks measures to ensure a business-friendly environment.

Association president Mohammad Shahriar addressed a post-budget press conference in Dhaka.

Fibre2Fashion News Desk (DS)