Regulatory Alerts2020-09-21
Added · Updated
FEPD Circular No. 39: Export Subsidy/Cash Incentive for Financial Year 2020-2021 Linked Circulars
The government has decided to provide export incentives and cash assistance for relevant goods shipped between July 01, 2020, and June 30, 2021, during the financial year 2020-2021. These benefits will be disbursed at existing rates, as outlined in FE Circular No. 35 of September 22, 2019, and FE Circular No. 5 of January 30, 2020. Additionally, specific instructions from several other linked circulars concerning multiple benefits in the textile sector, subsidies for consumer electronics, and the scope of benefits will apply, with all other relevant instructions remaining unchanged for authorized dealers in foreign exchange transactions.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd FE Circular No. 39 Date: ------------------
To, All Authorized Dealers for Foreign Exchange Transactions.
Dear Sir/Madam,
Regarding the provision of export incentives/cash assistance against exports in the financial year 2020-2021.
To encourage the country's export trade, the government has decided to provide export incentives/cash assistance against the export of relevant goods shipped from July 01, 2020, to June 30, 2021, in the current financial year 2020-2021. In this regard, the mentioned benefits will remain in force at the existing rates for the export of relevant goods as mentioned in FE Circular No. 35 issued on September 22, 2019, and FE Circular No. 5 issued on January 30, 2020, for the financial year 2020-2021.
- For the payment of export incentives/export subsidies/cash assistance in the current financial year, the instructions contained in (i) Circular Letter No. 06 issued on March 21, 2019, regarding receiving multiple benefits against the same export in the textile sector, (ii) Circular No. 37 issued on September 29, 2019, regarding the provision of subsidies against the export of consumer electronics, electrical home and kitchen appliances, (iii) Circular Letter No. 25 issued on October 27, 2019, regarding paragraphs 9 and 11 of FE Circular No. 35/2019, (iv) FE Circular No. 01 issued on January 07, 2020, for the implementation of instruction serial No. 1 of the second paragraph of FE Circular No. 35/2019, and (v) FE Circular No. 35 issued on August 25, 2020, regarding the scope of benefits mentioned in serial No. 2 of the first paragraph of FE Circular No. 35/2019, shall apply. Additionally, all applicable instructions of all FE Circulars/Circular Letters related to the payment of export incentives/export subsidies/cash assistance shall remain unchanged.
All concerned are requested to be informed of this matter.
Yours faithfully,
(Mohammad Khurshid Wahab) General Manager Phone: 9530123 06 Ashvin 1427 September 21, 2020
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