FEPD Circular No. 08: Export subsidy against export of crabs and eel

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. Ref. No. FEPD Circular No. 08 Date: ---------------- To All Approved Dealers of Foreign Exchange.

Dear Sir,

Regarding the provision of export subsidy against the export of crabs and eels (live, frozen, and soft-shell).

Attention is drawn to all concerned regarding the amendment of paragraph 5(k) of FEPD Circular No. 40, dated December 11, 2018, on the subject cited above.

2. It is informed that, in accordance with government decisions, along with the application for subsidy against the export of frozen and soft-shell crabs, a certification from the Bangladesh Frozen Foods Exporters Association must be submitted in the attached Form 'Kh-1' as per the change in the Bangladesh Live and Chilled Food Exporters Association. However, in accordance with the instructions of the aforementioned FEPD Circular, the requirement to submit a certification from the Bangladesh Live and Chilled Food Exporters Association (as per Form 'Kh-2') along with the application for subsidy against the export of eels and crabs (live) remains unchanged.

3. The amended instructions will be effective for goods shipped from the date of issuance of this circular.

All other instructions regarding the provision of cash assistance in the aforementioned sector contained in other FEPD Circulars/Circular Letters will remain unchanged as before. It is requested to inform all concerned parties regarding this matter.

Yours faithfully,

(Md. Sarowar Hossain) Director (FEPD) Phone: 9530123 April 25, 2023 12th Bhadra, 1430

Enclosure: As per list.

(Note: Paragraph 02, FEPD Circular No.-08/2023)

Form 'Kh-1' Certification Issued by Bangladesh Frozen Foods Exporters Association Certification for Receipt of Export Subsidy Against Export of Crabs (Frozen and Soft-Shell)

1. Name, ERC Number, and Address of the Applicant:
2. Export Letter of Credit/Contract Number: Date: Value:
3. Name and Address of Foreign Buyer:
4. Name and Address of Foreign Buyer's Bank:
5. (a) Invoice Number: Date: (b) Quantity of goods mentioned in the Invoice: Value:
6. Source of collection of local materials used in the production of exported crabs (frozen and soft-shell) (Name and Address of Supplier): Quantity: Value:
7. Source of collection of imported materials used in the production of exported crabs (frozen and soft-shell) (Name and Address of Supplier): Quantity: Value:
8. Description of Exported Goods: Quantity: Value:
9. Date of Shipment: Destination Port:
10. EXIP Number: Value: Date:
11. Total Repatriated Export Value (Foreign Currency): Net FOB Export Value (Foreign Currency):
12. Certificate Number of Repatriated Export Value: Date:

Exporter's Signature and Date

Hereby it is certified that the details mentioned in the above paragraphs are correct and reliable, and that the crabs (frozen and soft-shell) were processed in our own factory through the collection of crabs and other materials from the sources mentioned in serial numbers 6 and 7 above. The authenticity/reliability of the purchase order of the foreign buyer/importer has also been ensured.

Exporter's Signature and Date

Upon verification, it has been found that the exporter's above declaration is correct. The declared export value mentioned in serial number 8 is found consistent with the actual and current international market price, and the authenticity/reliability of the foreign buyer has also been ensured. It is recommended to pay the export subsidy on the repatriated export value (Net FOB Value).

Signatures, Date, and Seal of Two Suitable Officials of the Bangladesh Frozen Foods Exporters Association

[If any rubbing, scratching, or correction is made, this certification will be considered void.]

(Note: Paragraph 02, FEPD Circular No.-08/2023)

Form 'Kh-2' Certification Issued by Bangladesh Live and Chilled Food Exporters Association Certification for Receipt of Export Subsidy Against Export of Eels and Crabs (Live)

1. Name, ERC Number, and Address of the Applicant:
2. Export Letter of Credit/Contract Number: Date: Value:
3. Name and Address of Foreign Buyer:
4. Name and Address of Foreign Buyer's Bank:
5. (a) Invoice Number: Date: (b) Quantity of goods mentioned in the Invoice: Value:
6. Source of collection of local materials used in the production of exported eels and crabs (live) (Name and Address of Supplier): Quantity: Value:
7. Source of collection of imported materials used in the production of exported eels and crabs (live) (Name and Address of Supplier): Quantity: Value:
8. Description of Exported Goods: Quantity: Value:
9. Date of Shipment: Destination Port:
10. EXIP Number: Value: Date:
11. Total Repatriated Export Value (Foreign Currency): Net FOB Export Value (Foreign Currency):
12. Certificate Number of Repatriated Export Value: Date:

Exporter's Signature and Date

Hereby it is certified that the details mentioned in the above paragraphs are correct and reliable, and that the eels and crabs (live) were processed in our own factory through the collection of eels and crabs (live) and other materials from the sources mentioned in serial numbers 6 and 7 above. The authenticity/reliability of the purchase order of the foreign buyer/importer has also been ensured.

Exporter's Signature and Date

Upon verification, it has been found that the exporter's above declaration is correct. The declared export value mentioned in serial number 8 is found consistent with the actual and current international market price, and the authenticity/reliability of the foreign buyer has also been ensured. It is recommended to pay the export subsidy on the repatriated export value (Net FOB Value).

Signatures, Date, and Seal of Two Suitable Officials of the Bangladesh Live and Chilled Food Exporters Association

[If any rubbing, scratching, or correction is made, this certification will be considered void.]