Regulatory Alerts2013-05-15
Added · Updated
FEPD Circular No. 08: Cash Subsidy against Export of Halal Meat
The document mandates that export incentives be provided on advance export proceeds received via Telegraphic Transfer (TT) for Halal meat exported under both Letters of Credit and contractual agreements. This decision, taken by the Government of Bangladesh, is effective immediately and supplements the instructions previously issued in FE Circular No. 10 dated October 02, 2012. All other applicable instructions and guidelines regarding export incentives in this sector remain unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka.
Ref. No. 08 FE Circular No. 08 Date: ----------------------- May 15, 2013
To All Approved Dealers engaged in Foreign Exchange Transactions
Dear Sir,
Regarding the provision of export incentives on advance proceeds received via Telegraphic Transfer (TT) against the export of Halal Meat under contractual agreements alongside Letters of Credit.
Reference is invited to FE Circular No. 10, dated October 02, 2012, issued on the subject cited above.
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The Government of Bangladesh has taken the decision that export incentives shall be provided on advance export proceeds received via Telegraphic Transfer (TT) against the export of Halal Meat under contractual agreements alongside Letters of Credit.
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The said decision shall be implemented immediately.
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The instructions given in FE Circular No. 10, dated October 02, 2012, along with other applicable instructions/guidelines regarding the payment of export incentives in the subject sector, shall remain unchanged.
All concerned parties are requested to take note of this.
Yours faithfully,
(Md. Zakir Hossain Chowdhury) Deputy General Manager Phone-9530250
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