Regulatory Alerts2014-01-08
Added · Updated
FEPD Circular No. 01: Providing Cash Incentive Against Advanced TT for Textile Goods
The document authorizes cash incentives for the domestic textile sector (oven, knitting, and terry towel) against advanced remittances received via Telegraphic Transfer (TT), subject to specific compliance conditions. Approved dealer banks must verify the foreign buyer's credibility, price accuracy, and genuine export intent, and ensure the TT reference explicitly mentions the relevant letter of credit or contract. The incentive applies to goods shipped on or after the circular's issue date, while all other existing instructions regarding cash incentives remain unchanged.
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
fx
Share