Regulatory Alerts2020-08-27
Added · Updated
FEPD Circular No. 36: Export Development Fund (EDF)-relaxation
Refinancing from the Export Development Fund (EDF) for input imports is now admissible for manufacturer-exporters who have no overdues against realizable export proceeds during the 720 days immediately preceding their loan application. This relaxation temporarily overrides the restriction previously established in FE Circular No. 45 dated December 31, 2017, which barred such refinancing for exporters defaulting on repatriation within the statutory period. The measure remains effective until March 31, 2021, while all other instructions in the referenced circular and its subsequent updates remain unchanged.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share