Regulatory Alerts2019-01-07
Added · Updated
FEPD Circular No. 02: Export subsidy against export of Pet Bottle Flakes
The circular amends the export incentive rate for shipped PET bottle flakes for the fiscal year 2018-2019, increasing it from 5% to 10%. This change is implemented in accordance with a government decision and applies to all approved dealer banks handling foreign exchange transactions. All existing instructions regarding the payment of incentives under relevant circulars remain valid.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka-1000 Ref. No. FEPD/CEP/26(15)(k)/2018-19
FEPD Circular No. 02
To All Approved Dealer Banks for Foreign Exchange Transactions
Dear Sir,
Regarding the provision of cash assistance/export incentive against the export of PET Bottle Flakes.
Attention is invited to paragraph 15(k) of FEPD Circular No. 26 issued on September 10, 2018, concerning cash assistance/export incentives. It is hereby informed that, in accordance with the government's decision, an export incentive rate of 10% will apply against the export of PET Bottle Flakes shipped during the fiscal year 2018-2019, instead of the previous rate of 5%.
- The instructions contained in all relevant circulars/circular letters regarding the payment of incentives against the export of PET Bottle Flakes shall remain in force as usual.
It is requested to inform all concerned parties about this matter.
Yours faithfully,
(Md. Harun-or-Rashid) Deputy General Manager Phone: 9530625
Date: 07 January 2019 (Bengali Date: 24 Poush 1425)
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