FEPD Circular Letter No. 02: Cash Incentive against export of frozen fish

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka-1000 Ref. No. 37.02.0000.056.18.004.17-194 Magh 23, 1424 FEPD Circular Letter No.-02 Date: ------------------- February 05, 2018 To All Approved Dealers Banks for Foreign Exchange Transactions Dear Sir, Regarding Cash Incentive against Export of Frozen Shrimp and Other Fish. Through FEPD Circular No. 23 dated December 12, 2002, a government decision was announced regarding the provision of cash incentive against the export of frozen shrimp and other fish. Subsequently, through circular letters FEPOD(Com)291(Frozen Fish)/Policy/2003-591 dated May 18, 2003, and FEPOD(Com)291(Frozen Fish)/Policy/2003-661 dated June 03, 2003, instructions were provided on matters such as the definition of IQF Retail Pack, maximum weight per pack, and the ceiling of FOB value per unit (pound) in the case of exporting frozen shrimp and other fish. In the present case, cash incentive is applicable against the export of frozen shrimp and other fish prepared through the freezing process. In this regard, it is clarified that ice glazing (ICUM) and other mandatory auxiliary ingredients used as part of the freezing process will be considered an integral part of the frozen fish. It is requested to inform all concerned parties about the above matter. Yours faithfully, (Md. Harun-or-Rashid) Deputy General Manager Phone: 9530142