Regulatory Alerts2012-12-20
Added · Updated
FEPD Circular No. 12: Time limit for submission of application for Export Subsidy/Cash Incentive in Textile and others related sectors
Approved Dealers must submit applications for export subsidies or cash incentives within 180 days from the date of realization of export proceeds into the relevant bank's Nostro account abroad. Applications may be submitted individually per shipment against a specific letter of credit or contract, or collectively after the completion of all shipments under that instrument, provided the collective submission occurs within 180 days of the final realization date. Existing instructions regarding the payment of these incentives remain unchanged.
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