The National Board of Revenue (NBR) of Bangladesh has reduced customs duty on mobile phone imports from 25 percent to 10 percent through a new gazette notification. The decision, announced on Tuesday by the Ministry of Posts, Telecommunications and Information Technology, aims to keep mobile phone prices within consumers’ purchasing power. As a result, the total import duty on mobile phones has decreased by 6 percent.

To prevent local mobile phone assembling companies from facing unfair competition, the NBR also issued a separate notification reducing customs duty on imported components for assembly from 10 percent to 5 percent. According to the ministry’s statement, this represents a 50 percent reduction in the existing import duty on components.

The ministry said that due to these changes, the price of imported mobile phones priced above Tk 30,000 is expected to fall by about Tk 5,500, while locally assembled phones in the same price range may drop by about Tk 1,500. The government expects the overall price reduction to make mobile phones more affordable for the general public.