BB: Exporters get additional 45 days to apply for export subsidy
The information was disclosed in a Bangladesh Bank circular
Exporters who could not apply for an export subsidy or cash assistance in the Fiscal Year 2020-21 are getting an additional 45 days for applying.
The information was disclosed in a Bangladesh Bank circular yesterday.
According to the central bank's foreign exchange policy department, amid the Covid-19 situation exporters who failed to apply for subsidies or cash assistance in the last financial year will be able to apply within 45 days of the issuance of this circular.
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In two more circulars from the same department, it was stated that the Certificate of Production submitted with the application for cash assistance by the export-oriented textile sector may be issued only by an officer of a rank equivalent to the Secretary General of Bangladesh Textile Mills Association BTMA.
Meanwhile, the application for export subsidy against the export of jute products has to be accompanied by a certificate issued by the Exporters Association.
All members of Bangladesh Jute Spinners Association (BJSA) and Bangladesh Jute Mills Association (BJMA) are required to take certification documents from their respective associations.
