Regulatory Alerts2016-04-11
Added · Updated
FEPD Circular No. 14: Cash incentive against export of Plastic products
The document establishes a cash incentive scheme for exporters of plastic products manufactured in their own factories, granting an incentive equal to 10% of the net FOB value. This benefit is applicable only if the exporter has not availed duty drawback or customs bond facilities and excludes entities located in Export Processing Zones (EPZ). Authorized dealer banks are mandated to verify applications within specific timelines, require certification from the Bangladesh Plastic Products Manufacturers and Exporters Association, and maintain records for at least three years, with penalties imposed for irregular payments.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.