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Karnafuly Ship Builders exempted from VAT on supply of dredgers to BIWTA

The National Board of Revenue (NBR) granted VAT exemption to the Karnafuly Ship Builders Limited after the Bangladesh Inland Water Transport Authority (BIWTA) failed to make a payment in dollars for four dredgers it had bought from the shipbuilder. The BIWTA had procured four suction dredgers from Karnafuly Ship Builders Limited through an international tender. Purchases made

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