Regulatory Alerts2022-05-09
Added
FEPD Circular No. 08: Local value addition requirement for export incentive/cash subsidy in RMG/textile sector
The document mandates that a minimum local value addition of 20% applies to export incentives or cash subsidies provided to the textile sector for the fiscal year 2021-2022. This directive is effective from the date of issuance for pending applications related to shipped export consignments and any future applications. All other relevant instructions in existing Foreign Exchange Circulars regarding these incentives remain unchanged.
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