FEPD Circular Letter No. 29: 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)291/2016-29 Ashwin 19, 1423 Circular Letter No. FEPD(Export Policy)291/2016-29 Date: ------------------ October 04, 2016

To All Approved Dealer Banks Head Office/Principal Office.

Dear Sir,

Context of Appointment of Audit Firm for Providing Cash Assistance/Export Subsidy instead of Duty Drawback on Duty Bond in 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 fiscal year 2016-2017 will also be audited by audit firms appointed by Bangladesh Bank and approved by the respective banks. However, if additional firms are needed to expedite the audit work, an application must be made to Bangladesh Bank mentioning the number of audit firms, along with justification and necessary information regarding the same.

Yours faithfully,

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