Bangladesh lube valuation plan raises distortion fears

Bangladesh’s lubricant sector is pushing back against a proposed budget measure that would replace fixed customs values for synthetic and semi-synthetic lubricants with a floating formula based on Independent Commodity Intelligence Services (ICIS) price assessments, The Business Standard reported. In the proposed fiscal year 2026-27 budget, the National Board of Revenue (NBR) suggested replacing the existing fixed minimum customs values for…

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