Cigarette is going to be costlier as Finance Minister AHM Mustafa Kamal proposed increased supplementary duty to reduce the consumption of tobacco products and maximise revenue collection from this sector.
The minister proposed -
a) Price Per 10-sticks lower slab cigarette to become Tk39 and above and supplementary duty on it to be 57 percent; I propose to fix the price per 10-sticks middle slab cigarette at Tk63 and above, that of high slab 10-sticks cigarette at Tk97 and above and the price of premium slab 10-sticks cigarette at Tk128 and above where supplementary duty will be 65 percent for all those three slabs.
b) Increasing the price of handmade non-filter 25-sticks Bidi at Tk18 from existing Tk14, that of 12-sticks at Tk9 from existing Tk6.72 and the price of 8-sticks at Tk6 from existing Tk4.48 where supplementary duty of this product will be unchanged at 30 percent. I also propose to fix the price of 20-sticks filter bidi at Tk19 from existing Tk17 and that of 10-sticks filter bidi at Tk10 from existing Tk8.50 where supplementary duty will remain unchanged at 40 percent.
c) Fixing the price of 10 gm of Jarda at Tk. 40/- and the price of 10 gm of Gul at Tk. 20/-. Supplementary duty of both the products is proposed to become 55%.
Mustafa Kamal placed the Tk568,000 crore budget for the fiscal year 2020-21 in parliament today.