FEPD Circular No. 09: Cash incentive against export of Textile/RMG

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka.
Chaitra 21, 1422
FEP Circular No. 09 Date: -------------------
April 04, 2016

To All Approved Dealers of Foreign Exchange Transactions.

Dear Sirs,

Regarding the provision of cash assistance as an alternative to customs bond and duty draw-back facilities in the domestic textile sector.

Reference is drawn to Paragraph 1 of FEP Circular No. 08, dated July 13, 2015, issued on the subject above. It is informed that, in accordance with government decisions, an additional special cash assistance of 2% over the existing 4% will be applicable against the export of garments/garment-related items shipped to the Euro area in the domestic textile sector during the 2015-16 fiscal year.

2. For the current 2015-2016 fiscal year, applications for cash assistance at the additional rate of 2% against the export of garments/garment-related items that have already been decided can be submitted in accordance with the application form of FEP Circular No. 09/2001 within 30 days of the issuance of the said circular. Approved dealer bank branches will settle the said claims based on the audit certificates issued in favor of the applications previously submitted against the same export.

3. All existing instructions of FEP Circulars/Circular Letters applicable in the field of export of garments/garment-related items will remain unchanged as before.

All concerned parties are requested to be informed about the matter.

Yours faithfully,

(Md. Zakir Hossain Chowdhury)
Deputy General Manager
Phone: 9530250