Tyre importers and traders have accused local manufacturers of earning "supernatural profits".
At a press conference in the port city on Thursday, leaders of the Chattogram Tyre Tube Importers and Distributors Group slammed recent statements by the Bangladesh Tyre-Tube Manufacturers and Exporters Association (BTMEA), accusing the body of presenting misleading information to secure additional protection for domestic producers.
They claimed that the proposed 20 per cent supplementary duty on light truck tyres and 15 per cent VAT on agricultural tyres would increase transport and farming costs nationwide.
The group's President Main Uddin, General Secretary Mohammad Shahjahan, Vice President Moktar Hossain and Joint General Secretary Saifuddin Ahmed were present at the event.
nazimuddinshyamol@gmail.com