FEPD Circular No. 14: Export incentive against export from Specialized Zone (EPZ, EZ and Hi-tech Park)

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. Ref. No. FEPD Circular No. 14 Date: ------------------- To: All Approved Dealers in Foreign Exchange.

Dear Sir,

Regarding the provision of export incentives in favor of establishments located in Specialized Zones (EPZ, EZ, and Hi-tech Park).

Attention is drawn to Clause 4(k) of FEPD Circular No. 34, dated November 10, 2021, on the subject cited above.

2. It is informed that, by government decision, certification certificates (in Form 'Kh-1') issued by the Bangladesh Textile Mills and Exporters Association on behalf of their members will be acceptable for applications for export incentives/cash assistance by Type-A and Type-B establishments in the garment sector located in Specialized Zones (EPZ and EZ) under the aforementioned FEPD Circular. In this regard, the relevant exporting establishment must submit the application form along with a certification certificate issued by either the relevant authority (BEZA and BEZA) or the Bangladesh Textile Mills and Exporters Association, whichever is applicable.

3. The aforementioned instructions will be effective for shipped goods from the date of issuance of this circular.

All other instructions in all FEPD Circulars/circular letters regarding the provision of cash assistance in the discussed sector will remain unchanged as before. All concerned parties are requested to be informed about this matter.

Yours faithfully,

(Md. Sarowar Hossain) Director (FEPD) Phone: 9530123 September 18, 2023 Ashwin 03, 1430

Enclosure: As per list.

[See Clause 02, FEPD Circular No. 14/2023]

Form 'Kh-1' Certification Certificate Issued by the Bangladesh Textile Mills and Exporters Association ----------- Certification Certificate for Receiving Export Incentive Against Export of Goods

1. Name, ERC Number (if applicable), and Address of the Applicant:
2. Export Letter of Credit/Contract Number: Date: Value:
3. Name and Address of Foreign Buyer:
4. Name and Address of Foreign Buyer's Bank:
5. (a) Invoice Number: Date: (b) Quantity of goods mentioned in the Invoice: Value:
6. Source of procurement of local materials for the production of exported -------------- goods (Name and Address of Supplier): Quantity: Value:
7. Source of procurement of imported materials used for the production of exported -------------- goods (Name and Address of Supplier): Quantity: Value:
8. Description of Exported Goods: Quantity: Value:
9. Date of Shipment: Destination Port:
10. EXIP Number: Value: Date:
11. Total Repatriated Export Value (in Foreign Currency): Net FOB Export Value (in Foreign Currency):
12. Certificate Number of Repatriated Export Value: Date:

Exporter's Signature and Date

Hereby it is certified that the details mentioned in the above clauses are correct and true, and the authenticity/reliability of the purchase order of the foreign buyer/importer has been ensured through the procurement of materials from the sources mentioned in serial numbers 6 and 7 above for the production of -------------- goods in our own factory for export against export incentives.

Exporter's Signature and Date

It has been verified that the above declaration of the member exporting establishment of the Association is correct. The declared export value mentioned in serial number 8 is found consistent with the actual and prevailing international market price, and the authenticity/reliability of the foreign buyer has been ensured. It is recommended to pay export incentives on the repatriated export value (Net FOB Value).

Signatures, Date, and Seal of Two Suitable Officers of the Bangladesh Textile Mills and Exporters Association

[Any kind of smudging, scratching, or correction will render this certificate void.]