Tea auction resumed in the port city on Tuesday after a suspension for the past two weeks, brokers and tea officials said.
Trouble disrupted the tea auction as the buyers boycotted the market for the past two consecutives weeks in protest against imposition of an extra tax of 5 per cent by the government.
However, the auction resumed as the government postponed the imposition of extra tax for one month to conduct a study in this regard, they said.
When contacted, chairman of Tea Traders Association of
Bangladesh (TTAB) Salman Ispahani informed that the extra tax was postponed for one month by the finance ministry as the National Board of Revenue was tasked for conducting a study to justify the newly imposed extra income tax on buying tea from auctions.
'The auction has now resumed in full swing with a very good participation from the buyers,' he said.
Source : New Age
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