The Financial Express

BARVIDA seeks Tk 5.0 billion loan from stimulus package

FE Online Report | Published: May 31, 2020 15:02:44 | Updated: June 01, 2020 23:11:07

BARVIDA seeks Tk 5.0 billion loan from stimulus package

Reconditioned car importers on Sunday demanded Tk 5.0 billion loan facility from the government’s stimulus package for taxation of imported used cars that have been siting idle at the seaports.

They also urged the government to completely waive the storage rent on the imported cars at Chattogram and Mongla seaports for the months of April and May.

The demands were made at an online press conference hosted by Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) from its office in the capital.

Presided over by BARVIDA President Abdul Haque, the programme was also joined by its vice-presidents SM Anwar Sadat and Saiful Islam, and Secretary General Mohammad Shahidul Islam from different locations via video conferencing.

Mr Haque said, “If the government provides the car importers the desired loan of Tk 5.0 billion, they will be able to return Tk 15 billion in taxes through discharging imported cars from ports and selling it to customers.”

However, he said due to different conditions to get loans from banks, reconditioned car importers are currently not eligible to receive loans from the government’s stimulus package.

Besides, BARVIDA also urged the authorities concerned to suspend auctions of undischarged vehicles from the ports till December this year.



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