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During World Teachers' Day event organized by the Ministry of Education in Dhaka on Saturday.
Staff CorrespondentThe Bangladesh Elevator, Escalator and Lift Importers Association (BEELIA) has called upon the government to reclassify elevators and escalators as Capital Machinery and rationalize the existing duty structure to ensure sustainable growth of the country’s housing, industrial, and infrastructure sectors.Speaking at a press conference held in the Dhaka Reporters Unity (DRU) on Wednesday, BEELIA President Md. Shafiul Alam Uzzwal stated that elevators are no longer luxury items in the context of modern urbanization, high-rise construction, industrialization, and inclusive infrastructure development.Rather, they are essential capital equipment that support economic growth and public accessibility.He noted that elevators were removed from the Capital Machinery category in 2023 and subsequently classified as commercial products. Since then, import duties have increased consecutively in the fiscal years 2024 and 2025.As a result, the total duty burden on elevator impor...
2h ago