Business Report :
The Bangladesh Refrigeration and Air Conditioning Merchants Association (BRAMA) Wednesday demanded for withdrawal of 60 percent duty imposed on the central air conditioning (VRV/VRF) system in the proposed budget for FY25 and thus reinstate the existing 11 percent duty.
In this regard, the association leaders urged for keeping in force the HS Code 8415.10.10 instead of the proposed HS Code 8415.10.20 in order to promote state-of-the art technology enriched power saving inverter type, space saving and environment-friendly central air conditioning system which are being used in various public and private infrastructures of the country.
BRAMA president Mohammad Asaduzzaman made the demands at a press conference held at a city hotel. Former BRAMA president Mohammad Abul Hossain, BRAMA director Mohammad Abu Sayeed (Babul), Md Nahid Murad of Techno Cool Associates, Edison Electronics Director (Operations) Ali Rayhan and Md Akram Hossain (Boby) spoke, among others, at the press conference.
Asaduzzaman said if the proposed duty is imposed on the central air conditioning system in the country, then the overall duty would increase by 49 percent leading the businesses in this sector to suffer from huge losses.