Regulatory Alerts2016-11-24
Added · Updated
FEPD Circular No. 28: Export subsidy against export of intestines, horns and tendons of cow & buffalo (except bone)
The document establishes an export subsidy of 10% on the net FOB value for the export of cow and buffalo intestines, horns, and tendons (excluding bones) processed in own factories using wholly local sources. It mandates that applications be submitted within 180 days of export proceeds repatriation, supported by specific forms and verification by external audit firms. The circular outlines procedures for bank verification, payment claims to the Bangladesh Bank, and penalties for non-compliance or fraudulent claims.
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