Regulatory Alerts2018-12-11
Added · Updated
FEPD Circular No. 40: Export subsidy against export of Crabs and eel
The document establishes an export subsidy of 10% of the net FOB value for live, frozen, and soft-shell crabs and eels processed in own factories, applicable to shipments in the 2018-2019 fiscal year. It mandates a minimum 30% local value addition for locally sourced products and prohibits the simultaneous use of export subsidies with duty drawback or bond facilities. Approved dealer banks must verify applications within three working days, submit claims to the Bangladesh Bank using Form C, and retain records for at least three years, while illegal payments result in fund recovery and disciplinary action.
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