FEPD Circular Letter No. 35: Appointment of Audit Firm for Auditing of Cash Incentive/Export Subsidy

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka.
Ref. No. FEPD(Circular)291/2022-35

To:
All Authorized Dealer Banks
Head Office / Principal Office.

Dear Sir,

Subject: Appointment of Audit Firm for Auditing of Cash Incentive/Export Subsidy in the context of providing cash assistance/export subsidy instead of duty bond and duty drawback in the export-oriented domestic garment sector and other relevant sectors.

Reference is drawn to your attention to Circular Letter No. FEPD(Com)291/2002-1367, dated June 02, 2002; Circular Letter No. FEPD(Export Policy)291/2014-13, dated June 29, 2014; FE Circular Letter No. 21, dated June 02, 2020; and FE Circular Letter No. 29, dated August 12, 2020.

2. Similar to previous years, the application for cash assistance/export subsidy for the current fiscal year 2022-2023 will be audited by the audit firm appointed by the relevant Bangladesh Bank authorized dealer bank. However, if additional firms are required to expedite the audit program, a request must be made to Bangladesh Bank mentioning the number of audit firms, along with justification and necessary information.

Yours faithfully,

(Md. Sarowar Hossain)
Director (FEPD)
Phone: 9530123
Ashwin 04, 1429
September 19, 2022