Regulatory Alerts2013-01-02
Added · Updated
FEPD Circular No. 01: Special cash incentive for textile mills
The Foreign Exchange Policy Department extends the application deadline for special cash incentives for eligible textile mills by one month (30 days), effective from the date of this circular. This extension applies to mills that imported cotton at high prices between August 2010 and March 2011, as referenced in FE Circular No. 20 dated November 02, 2011.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. Ref. No. FEPD Circular No. 01 Date: January 02, 2013
To: All Approved Dealers engaged in Foreign Exchange Transactions.
Subject: Special cash incentive for textile mills.
Reference is invited to FE Circular No. 20 dated November 02, 2011 issued on the subject cited above.
- The deadline for submitting applications for eligibility of special cash incentive for those mills among BTMA's spinning/weaving/dyeing-finisher mills that imported cotton at high prices (higher than the average price of the previous six months) between August 2010 and March 2011 has been further extended by 1 (one) month (30 days) in accordance with the government's decision. The extended deadline will be effective from the date of issuance of this circular.
All concerned parties are requested to take note of this matter.
Yours faithfully,
(Mohammad Golam Haider) Deputy General Manager Phone: 9530092
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