Regulatory Alerts2020-10-05
Added · Updated
FEPD Circular Letter No. 37: Transfer of fund upto 0.03% against export proceeds of 100% export oriented garment industries to Central Fund (RMG sector) A/C maintained at Sonali Bank Ltd, Ramna Corporate Branch
The Foreign Exchange Policy Department directs all approved dealer banks to deposit 0.03% of the cashed export proceeds from 100% export-oriented garment industries into the Central Fund (RMG sector) account maintained at Sonali Bank Ltd, Ramna Corporate Branch. Banks must submit a report of the deposited funds, including the names of the depositing establishments, to the Secretary of the Ministry of Labour and Employment. This directive enforces previous instructions regarding the deduction and transfer of these funds to ensure compliance with Ministry orders.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share