Dhaka: Finance Minister AMA Muhith on Tuesday said they are discussing to reduce the amount of excise duty on bank deposits and the unified 15 per cent Value Added Tax (VAT) proposed in the national budget for 2017‐18 fiscal.

He further said the new amount of excise duty and VAT rate would be disclosed by Prime Minister Sheikh Hasina at the Parliament on 28 June.

Muhith came up with the disclosure in response to journalists at Secretariat on Tuesday.

Earlier, the proposed national budget for 2017‐18 fiscal year slapped Tk 800 excise on bank accounts with balance between over Tk 1 lakh and Tk 10 lakh at any time of a year.