FEPD Circular Letter No. 28: Submission of Application for allowing Cash incentive/Export subsidy under Special consideration

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka.
Ref. No. FEPD(Circular)291/2015-28
Date: -------------------
December 08, 2015

To
All Authorized Dealer Banks
Head Office/Principal Office

Dear Sir,

Regarding submission of application for providing cash incentive under special consideration, besides following the instructions mentioned in the circular.

The policy regarding the payment of cash incentive/export subsidy has been stated in the relevant circulars/circular letters. It is observed that applications for providing such benefits under special consideration are often submitted by AD banks to Bangladesh Bank, without complying with the clear instructions mentioned in the relevant circulars, when considering the provision of cash incentive to any institution. You are advised not to submit such applications for cash incentive/export subsidy to Bangladesh Bank without complying with the clear instructions mentioned in the circulars.

You are requested to inform all concerned parties about this matter.

Yours faithfully,

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