The New Nation - Internet Edition

Staff Reporter

Leaders of Bangladesh Plastic Goods Manufacturers & Exporters Association (BPGMEA) yesterday demanded Customs duty reduction on plastic raw materials following the fall in the world market price.

In a statement BPGMEA president Md Jasim Uddin said price of plastic raw materials in the international market had fallen from $ 1700 to $ 700 due to the reduction of oil price in the world market recently. But the Customs authority was still charging the duty based on previous import price, he alleged.

Imposing duty on raw materials at high price has created various problems that stranded 200 to 250 consignments at the Chittagong port. Such a situation has threat end on production due due to the lack of raw materials, he said.

Jasim demanded immediate release of the raw materials through realising duty on present market price.