Regulatory Alerts2018-12-11
Added · Updated
FEPD Circular No. 37: Export subsidy against export of Razor and Razor blades
The document establishes an export subsidy for razors and razor blades manufactured in own factories, set at 10% of the net FOB value, applicable to goods shipped in the 2018-2019 fiscal year. It mandates a minimum 40% local value addition and prohibits the simultaneous application of this subsidy with duty draw-back or duty bond facilities. Approved dealer banks are instructed to verify documentation, including Form-K applications and EPB certificates, and submit claims via Form-G, with payments processed from government budget allocations.
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