Summit gets stamp duty exemption of Tk110cr | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Summit gets stamp duty exemption of Tk110cr

Economy

TBS Report
29 October, 2020, 09:45 pm
Last modified: 29 October, 2020, 09:53 pm

Related News

  • BSEC exempts ICB from 5% investment cap for 'A' category stocks
  • Earthna Summit: CA Yunus to highlight role of social business, financial inclusion in fostering sustainable dev
  • Foreign investors eye consumer market, textiles, pharma, light engineering, renewable energy: Bida chairman
  • Jamaat highlights sustainable economic concept before investors
  • There are several intermediate steps between 'attending a summit' and actually 'opening a factory'

Summit gets stamp duty exemption of Tk110cr

Summit is building a 583MW dual fuel power plant in the Meghnaghat area of Narayanganj

TBS Report
29 October, 2020, 09:45 pm
Last modified: 29 October, 2020, 09:53 pm
Summit gets stamp duty exemption of Tk110cr

Summit Group – a private sector investor – has received a stamp duty exemption of Tk110 crore on the registration of financial documents and land lease agreement for building a 583MW dual fuel power plant in the Meghnaghat area of Narayanganj.

The Internal Resources Division (IRD) under the Ministry of Finance issued an order in this regard on 27 October. 

The order, signed by IRD's Senior Secretary and National Board of Revenue's Chairman Abu Hena Md Rahmatul Muneem, read, "In the private sector, the Summit Meghnaghat II Power Company Ltd has been exempted from the applicable stamp duty of Tk109.87 crore regarding the Letter of Hypothecation, Deed of Mortgage of Leasehold Interest, Share Pledge Agreement, Security Assignment and Land Lease Agreement for building the 583MW gas-LNG and diesel power plant in the Meghnaghat area of Narayanganj."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to the IRD, Summit is taking 1,428 decimals of land on lease in the Char Ramzan Sonaullah Mouza under the Sonargaon upazila of the district for building the power plant.

Top News

summit / stamp duty / exemption

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • How tender rules and a lone bidder stall a $2.5b power plant
    How tender rules and a lone bidder stall a $2.5b power plant
  • Bangladesh and US hold tariff talks for second day on 9July 2025. Photo: CA Press Wing
    35% tariff: Bangladesh, US 'reach general consensus on some issues' on second day of talks; final round today
  • BNP senior leader Salahuddin Ahmed. Photo: Collected
    No scope for electoral alliance with Jamaat, door not closed for NCP: BNP's Salahuddin

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • BSEC exempts ICB from 5% investment cap for 'A' category stocks
  • Earthna Summit: CA Yunus to highlight role of social business, financial inclusion in fostering sustainable dev
  • Foreign investors eye consumer market, textiles, pharma, light engineering, renewable energy: Bida chairman
  • Jamaat highlights sustainable economic concept before investors
  • There are several intermediate steps between 'attending a summit' and actually 'opening a factory'

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

15h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

18h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

18h | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

11h | Panorama

More Videos from TBS

'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

13h | TBS World
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

13h | TBS World
Will the title 'Honorable and Excellency' be abolished?

Will the title 'Honorable and Excellency' be abolished?

14h | TBS Today
July Declaration must be constitutionally recognized: Akhtar Hossain

July Declaration must be constitutionally recognized: Akhtar Hossain

14h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net