Regulatory Alerts2024-05-12
Added
FEPD Circular Letter No. 06: Export incentive against export in CMT basis in RMG/Textile sector
This circular clarifies the calculation of net FOB value for export incentives in the RMG/Textile sector under the CMT basis. It mandates that the customs-assessed value of imported materials be added to the CMT value, while excluding the value of materials sourced locally via back-to-back LCs or other methods. Additionally, the value of foreign materials sourced through back-to-back LCs must be deducted from the CMT value to determine the local value addition rate.
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