FEPD Circular Letter No. 13: Appointment of Audit Firm for Cash Incentive/Export Subsidy in Textile and Other Sectors

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. Ref. No. FEPD(Export Policy)291/2015-13 Date: ----------------- July 16, 2015

To All Approved Dealer Banks Head Office/Principal Office.

Dear Sirs,

Regarding the appointment of audit firms for the provision of cash incentives/export subsidies in lieu of customs bonds and duty draw-back in the export-oriented domestic textile sector and other applicable sectors.

Reference is invited to Circular Letter No. FEPD(Com)291/2002-1367, dated: June 02, 2002 and Circular Letter No. FEPD(Export Policy)291/2014-13, dated: June 29, 2014 issued on the subject cited above.

Just as in previous years, cases of cash incentives/export subsidies for the current fiscal year 2015-2016 will also be audited by audit firms approved by Bangladesh Bank and appointed by the respective banks. However, if additional firms are needed to expedite the audit work, an application mentioning the number of audit firms, along with justification and necessary information, must be submitted to Bangladesh Bank.

Yours faithfully,

(Md. Zakir Hossain Chowdhury) Deputy General Manager Phone: 9530250