Regulatory Alerts2018-12-11
Added · Updated
FEPD Circular No. 33: Export Subsidy Against Export of Pharmaceutical Goods
The document establishes an export subsidy for pharmaceutical goods produced in own factories, granting a 10% subsidy on net FOB value to exporters meeting a minimum 30% local value addition threshold. Applications must be submitted within 180 days of repatriation, accompanied by specific documentation and certification from the Bangladesh Pharmaceutical Industries Association. Approved dealer banks are required to verify documents, stamp paid certificates to prevent misuse, and report payments to the Central Bank, with penalties applied for non-compliance.
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