Regulatory Alerts2018-12-11
Added · Updated
FEPD Circular No. 35: Export subsidy against export of Motorcycle
The document establishes an export subsidy for domestically manufactured motorcycles, granting a 10% rebate on the net FOB value to manufacturers exporting from their own factories, provided the local value addition is at least 30%. This facility applies to goods shipped during the 2018-2019 fiscal year and is not available to establishments located in Export Processing Zones (EPZs) or Industrial Zones (IZs). The circular details the application procedures, required documentation, verification processes by approved dealer banks, and penalties for non-compliance, including the recovery of illegally paid subsidies and disciplinary action against involved bank officials or association members.
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