Regulatory Alerts2014-07-03
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FEPD Circular No. 28: Export subsidy/Cash incentive for the financial year 2014-2015
The document establishes export subsidies and cash incentives for specific goods exported between July 1, 2014, and June 30, 2015. It mandates a 5.00% cash incentive for domestic garments, 15.00-20.00% for hand-made products from jute/hemp, 20.00% for agricultural products, and varying rates for eggs, light engineering, halal meat, frozen prawns, leather, ships, potatoes, PET bottles, and jute products. It also provides a 3.00% incentive for new market expansion in garments (excluding USA/Canada/EU) and a 5.00% additional benefit for small and medium enterprises in the garment sector.
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