tax, it will cost an importer

Following the withdrawal of the advance tax, it will cost an importer around Tk 3,500 to bring in one bhori of gold, said Agarwala, also the general secretary of the Bangladesh Jewellers' association.The annual demand for gold ranges between 20 tonnes and 26 tonnes in Bangladesh, and a large part of it is recycled, according to industry people.And since the Gold Policy-2018 came into force in 2018, which aims at bringing the gold sector within a regulatory framework and earning revenue, 253 kilogrammes were imported for business purposes by opening the LCs as of February this year.