Regulatory Alerts2019-01-02
Added · Updated
FEPD Circular No. 01: Export subsidy against export of Polyester Staple Fiber (PSF)
The Foreign Exchange Policy Department of Bangladesh Bank amends the application procedure for export subsidies on Polyester Staple Fiber (PSF) produced from PET bottle flakes. Exporters must now submit Form 'C' and a certificate from the Export Promotion Bureau (EPB) issued by the Bangladesh PET Flakes Manufacturers and Exporters Association, replacing previous requirements. These new instructions apply to applications submitted after the circular's date of January 2, 2019, or pending applications at commercial banks and audit firms.
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