Regulatory Alerts2015-10-05
Added · Updated
FEPD Circular No. 17: Cash incentives against the export of leather & leathergoods
The circular amends paragraph (b) of FE Circular No. 05 dated May 4, 2011, to authorize the Leathergoods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) to issue certification certificates for cash incentives on exports made via advance TT. To qualify, the Letter of Credit or contract must explicitly state advance payment by TT, and the exporter must obtain a certificate from LFMEAB (or BFLLFEA/BTA) verifying the correct value, quantity, and credibility of the foreign buyer.
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