FEPD Circular No. 08: Local value addition requirement for export incentive/cash subsidy in RMG/textile sector — BB — BD

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

Dear Sir,

Reference is drawn to the instruction issued in Section 7 of Foreign Exchange Circular No. 29 dated September 20, 2021, regarding the value addition rate, and it is informed that, in accordance with the government's decision, the minimum local value addition of 20% shall apply for the provision of export incentives/cash subsidies in the textile sector at the existing rate during the current fiscal year 2021-2022.

The aforementioned instruction shall be applicable from the date of issuance of this circular for pending applications submitted against shipped export consignments in the fiscal year 2021-2022, as well as for applications submitted thereafter.

All other relevant instructions in all Foreign Exchange Circulars/Circular Letters concerning the provision of export incentives/cash subsidies in the textile sector shall remain unchanged. All concerned parties are requested to be informed about this matter.

Yours faithfully,

(Kazi Rafiqul Hasan)
Managing Director
Phone: 9530123

May 09, 2022
Baishakh 26, 1429

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Issued under

Foreign Exchange Circular No. 29 dated September 20, 2021, regarding the value addition rateNot in RegAlert
“oreign Exchange Transactions. Dear Sir, Reference is drawn to the instruction issued in Section 7 of Foreign Exchange Circular No. 29 dated September 20, 2021, regarding the value addition rate”

Mentions (1): 1 document mentions this one without changing it

Referred to by

FEPD Circular Letter No. 07: Export incentive against export in CMT basis in RMG/Textile sector2023 · BB
“ng both foreign and domestic yarn/fabrics, provided there is a minimum 30% local value addition (reduced to 20% through FE Circular No. 08, dated May 09, 2022). 02. In accordance with the governmen”