Regulatory Alerts2018-12-11
Added · Updated
FEPD Circular No. 36: Export subsidy against export of Chemicals
The document establishes an export subsidy for domestically produced chemicals (chlorine, hydrochloric acid, caustic soda, and hydrogen peroxide) at a rate of 10% of the net FOB value, applicable to shipments made during the 2018-2019 fiscal year. Eligibility requires a minimum local value addition of 30% and excludes establishments located in Export Processing Zones (EPZs) or Export Zones (EZs). The subsidy cannot be combined with duty drawback or duty bond facilities, and applications must be submitted within 180 days of export proceeds repatriation, subject to verification by external auditors and adherence to specific documentation and payment procedures.
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