Regulatory Alerts2016-09-21
Added · Updated
FEPD Circular No. 26: Cash Incentive Against Export of Carbon Produced from Jute Stalk
The document establishes a 20% cash incentive on the net FOB value for carbon produced from locally collected jute stalk in own factories and exported from Bangladesh, applicable to shipments dispatched from July 1, 2016. Approved dealer banks must verify documentation, including export proceeds repatriation certificates and audit firm inspections, and submit claims to the Bangladesh Bank Head Office using specified forms. The circular outlines strict submission deadlines, verification procedures, record-keeping requirements, and penalties for unauthorized payments or non-compliance.
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