• May 29, 2024

Proposed Increase in E-Cig Import Duties

 Proposed Increase in E-Cig Import Duties

Image: johan10 | Adobe Stock

Image: johan10 | Adobe Stock

Bangladesh Finance Minister Mustafa Kamal proposed a significant increase in import duties on e-cigarettes and their parts in the proposed budget for the 2023–2024 fiscal year, reports the Dhaka Tribune.

The import duty on e-cigarettes will be raised from 5 percent to 25 percent, and for parts of electric cigarettes, the duty will be increased by 100 percent. Previously, there was no import duty on the parts of electric cigarettes.

The minister has also suggested a 150 percent additional duty on liquid nicotine and transdermal nicotine.

The proposed measures aim to increase import duties and make importation of e-cigarettes and related components more expensive in an effort to regulate their use and reduce their prevalence.