Regulatory Alerts2015-08-19
Added · Updated
FEPD Circular No. 10: Payment of Cash Incentive against Export of Crushed Bone under Sales Contract or Advance T.T.
This circular amends FEPD Circular No. 25 to authorize the payment of cash incentives for the export of crushed bone when remitted via sales contracts or advance telegraphic transfers (T.T.). Authorized dealer banks must verify the buyer's credibility, price accuracy, and actual shipment before disbursing incentives, ensuring advance payments are made through banking channels excluding exchange houses. These conditions apply to shipments made on or after the circular's issue date of August 19, 2015.
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