Regulatory Alerts2015-12-13
Added · Updated
FEPD Circular No. 20: Export Development Fund Eligibility for Type C Industries in Export Processing Zones
Authorized Dealers may now extend Export Development Fund loans against back-to-back import letters of credit for input procurements by Type C industries located in Export Processing Zones. This authorization applies to foreign currency loans provided to these industries, subject to the instructions outlined in FE Circular No. 25 dated December 22, 2009, and its subsequent circulars.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd FE Circular No. 20 Date: December 13, 2015 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Export Development Fund (EDF) to Type C industries in Export Processing Zones Please refer to FE Circular No. 25, dated December 22, 2009 and its subsequent circulars in terms of which Authorized Dealers (ADs) may borrow loan from EDF against their foreign currency loan to manufacturer-exporters for input procurements. 02. It has been decided that EDF loan will be admissible against back to back import LCs for input procurements by Type C industries in Export Processing Zones. ADs shall, while extending foreign currency loan to Type C industries, observe the relevant instructions of FE Circular No. 25, dated December 22, 2009 and its subsequent circulars. Please bring the contents of this circular to the notice of all your concerned constituents. Yours faithfully, (Md. Zakir Hossain Chowdhury) Deputy General Manager Phone: 9530250
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