FEPD Circular Letter No. 15: 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(Circular)291/2018-15 Ashwin 01, 1425 Circular Letter No.- FEPD(Export Policy)291/2018-15 Date: ------------------ September 16, 2018 To All Approved Dealer Banks Head Office/Principal Office.

Dear Sir,

Subject: Appointment of Audit Firm in the context of providing alternative cash assistance/export subsidy instead of duty bond and duty draw-back in the export-oriented domestic textile sector and other applicable sectors.

Reference is drawn to your attention 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 assistance/export subsidy for the current 2018-19 fiscal year will also be audited by audit firms appointed by approved and concerned banks of Bangladesh Bank. However, if there is a need to appoint additional firms to expedite audit work, an application must be made to Bangladesh Bank specifying the number of audit firms along with justification and necessary information.

Yours faithfully,

(Md. Harun-ur-Rashid) Deputy General Manager Phone: 9530625