Regulatory Alerts2018-12-11
Added · Updated
FEPD Circular No. 38: Export Subsidy Against Export of Ceramics Goods
The document establishes an export subsidy scheme for ceramics goods manufactured in Bangladesh, applicable to shipments made during the 2018-2019 fiscal year. Eligible exporters receive a subsidy equal to 10% of the net FOB value, provided the local value addition is at least 30% and the goods are not exported from an Export Processing Zone (EPZ) or Industrial Zone (IZ). The subsidy is not cumulative with duty drawback or duty bond facilities, and applications must be submitted to authorized dealer banks within 180 days of export proceeds repatriation, accompanied by specific documentation and certification from the Bangladesh Ceramic Manufacturers and Exporters Association.
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