Regulatory Alerts2024-01-30
Added
FEPD Circular No. 02: Export Subsidy/Cash Incentive for the financial year 2023-2024
The document establishes export subsidy and cash incentive rates for goods manufactured in Bangladesh and exported between January 1, 2024, and June 30, 2024, in compliance with WTO ASCM agreements. It mandates the gradual phase-out of cash incentives for specific sectors, including garments, to ensure long-term sustainability, while maintaining existing procedural instructions for application verification. The circular specifies incentive percentages ranging from 0.00% to 15.00% across various industries such as textiles, jute, leather, pharmaceuticals, and electronics.
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