Regulatory Alerts2025-07-24
Added
FEPD Circular No. 29: Export subsidy with bond/duty drawback facility against export of Footwear and bag made of Synthetic & Fabrics
Circular No. 29 establishes a 2% export incentive or cash assistance for footwear and bags made of synthetic and fabric mixtures exported between July 1, 2025, and December 31, 2025, provided the imported materials used in production benefited from a customs bond or duty drawback facility. This directive applies to goods shipped during the specified period and maintains the applicability of instructions from previous Foreign Exchange Circulars 36 and 28. Authorized dealer banks are instructed to implement this incentive and inform all relevant parties of these requirements.
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