ZCZC
JS-38
BUDGET-TOBACCO-PRICE
Tobacco products to be costlier
SANGSAD BHABAN, June 13, 2019 (BSS)- The use of tobacco products, including
cigarette, bidi, zarda and gul are going to be costlier from the next 2019-20
fiscal year.
“Considering the health-risk and harmful effects of 92 tobacco products and
to maintain compliance with global anti-smoking policy, we are committed to
reduce the use of tobacco and maximize revenue collection from this sector,”
Finance Minister AHM Mustafa Kamal said while placing the national budget for
fiscal 2019-20 at Jatiya Sangsad today.
Mustafa Kamal proposed fixing the price of every 10 sticks of low segment
cigarette at Taka 37 and the supplementary duty rate to 55 percent.
He also proposed increasing the price of the medium segment for every 10
sticks of cigarette at Taka 63 and the supplementary duty rate to 65 percent.
At the same time, the finance minister proposed increasing the price of
the high segment for every 10 sticks of cigarette at Taka 93 and Taka 123 and
keeping the supplementary duty rate to existing 65 percent.
The Minister also proposed to fix the price of 25 sticks of non-filter
bidi at Taka 14 and supplementary duty rate to 35 percent and to fix the
price of 20 sticks filter bidi at Taka 17 and supplementary duty rate to 40
percent.
He said smokeless tobacco like Zarda and Gul are also two health-hazard
products like cigarette and bidi.
In order to reduce the consumption of smokeless tobacco products, the
finance minister proposed to fix the minimum retail price at Taka 30 per 10
grams from zarda and Taka 15 per 10 grams for gul and fix the supplementary
duty rate to 50 percent.
BSS/ASG/KAK/SSS/1828 hrs