Regulatory Alerts2018-12-11
Added · Updated
FEPD Circular No. 34: Export Subsidy Against Export of Photovoltaic Modules
The document establishes an export subsidy of 10% on the net FOB value for photovoltaic modules manufactured in own factories, requiring a minimum local value addition of 30%. Applications must be submitted within 180 days of export proceeds repatriation, accompanied by certification from the Solar Module Manufacturers Association of Bangladesh and audited financial statements. Approved dealer banks are mandated to verify documentation, ensure no dual benefits are claimed, and retain records for at least three years, with penalties imposed for non-compliance.
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