Regulatory Alerts2016-11-24
Added · Updated
FEPD Circular No. 30: Export subsidy against export of agar and agarwood
The document establishes a 20% export subsidy on the net FOB value for agar and agarwood produced in own factories and exported. Approved dealer banks must process applications using Form C within 180 days of export value repatriation, verifying documents such as bills of lading and certificates from the Bangladesh Agar and Agarwood Manufacturers and Exporters Association. The subsidy is paid from government budget allocations, and unauthorized payments result in recovery of funds and disciplinary action against involved banks or associations.
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