FEPD Circular No. 18: Cash incentive against export of frozen shrimps and other fishes

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka.
Ref. No. FEPD(C)291(Policy)/2023-18

FEPD Circular No. 18 Date: --------------------- To All Approved Dealers of Foreign Exchange Transactions.

Dear Sir,

Regarding Cash Assistance for the Export of Frozen Shrimps and Other Fishes.

Reference is invited to FEPD Circular No. 23, dated December 12, 2002; FEPD Circular Letter No. FEPD(C)291 (Frozen Fish)/Policy/2003-591, dated May 18, 2003; FEPD Circular Letter No. FEPD(C)291 (Frozen Fish)/Policy/2003-661, dated June 03, 2003; FEPD Circular No. 19, dated October 25, 2011; and all circulars/circular letters issued in this regard.

2. It is informed that, in accordance with government decisions, the institution applying for cash assistance for the export of frozen shrimps and other fishes must be a member of the Bangladesh Frozen Food Exporters Association or an institution that is a member of the Bangladesh Marine Fisheries Association for the export of frozen shrimps and other fishes caught from deep sea and processed. In this regard, a certificate (in Form 'A') from the Bangladesh Frozen Food Exporters Association or the Bangladesh Marine Fisheries Association must be submitted along with the application for cash assistance for all cases of export of the aforementioned products. The concerned exporting institution must be a fish exporting institution licensed by the Department of Fisheries.

3. The instructions mentioned above will be effective from the date of the circular for shipped goods.

All other instructions regarding the provision of cash assistance in the aforementioned sector contained in all FEPD Circulars/Circular Letters will remain unchanged. It is requested to inform all concerned parties about this matter.

Yours faithfully,

(Md. Sarowar Hossain)
Director (FEPD)
Phone: 9530123
October 25, 2023
Kartik 09, 1430

Enclosure: As above.

(Note: Paragraph 02 of FEPD Circular No. 18/2023)

Form - 'A'
Certificate Issued by Bangladesh Frozen Food Exporters Association / Bangladesh Marine Fisheries Association Certificate for Cash Assistance against Export of Frozen Shrimps and Other Fishes

1. Name, ERC Number 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 collection of local materials used in the production of exported frozen shrimps and other fishes (Name and Address of Supplier): Quantity: Value:
7. Source of collection of imported materials used in the production of exported frozen shrimps and other fishes (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:

Signature and Date of Exporter

Hereby it is certified that the details mentioned in the above paragraphs are correct and true regarding the cash assistance for the export of frozen shrimps and other fishes produced in the country and processed in own factory. The authenticity and reliability of the purchase order of the foreign buyer/importer have also been ensured.

Signature and Date of Exporter

It has been verified that the above declaration of the exporter is correct. The declared export value mentioned in serial number 8 is found reasonable and consistent with the prevailing international market price, and the authenticity and reliability of the foreign buyer have also been ensured. It is recommended to pay cash assistance on the repatriated export value (Net FOB Value).

Signature, Date and Seal of Two Suitable Officials of Bangladesh Frozen Food Exporters Association / Bangladesh Marine Fisheries Association

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