2016-09-25

Added 2026-08-10 · Updated 2026-08-14

FEPD Circular Letter No. 25: Requirement for submitting 'Economic life Certificate' by exporters while Importing Old Machinery

Exporters importing old machinery must obtain an 'Economic Life Certificate' for the machinery when opening a Letter of Credit. This requirement is implemented to align with the Ministry of Commerce's Innovation-2016 initiative aimed at improving service quality and facilitating trade. The directive applies to all authorized dealers and banks engaged in foreign exchange transactions.

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