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    N PDF

    Uploaded by

    Gobindo Kumar Ghose

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    © All Rights Reserved
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    anenor9 Bangladesh Export Processing Zones Authoriy (Bangladesh Bank FE Circular No. 37, dated 10 May, 1983) By an act of Parliament, namely, the Bangladesh Export Processing Zones Authority Act, 1980 (Act. No. XXXVI of 1980), Export Processing Zones shall be established in Bangladesh under the auspices nd supervision ofthe Bangladesh Export Processing Zones Authority 2, Regulation: ‘The board features relating tothe operation of the industrial enterprises in the 2anes ate contained inthe Principles and Procedures governing set of industries in EPZs issued by the Export Processing Zones Authority 3, Repatriation of Export Proceeds: [Exports made from the zones shall be declared tothe eustoms on EXP forms in 6 copies as in the case of ordinary exports from Bangladesh, However, for the purpose of indemnifications, these export forms should be rubber stamped or over printed with the words Export from EPZ' in bold leters to distinguish these exports from the ordinary ones 4, Release of Foreign Exchange tothe Enterprises against Exports: The following procedure shalt apply to release of foreign exchange by the Bangladesh Bank against exports made from the zones: i. Type-A industry (100% foreign owned investment) shall as usual bring into Bangladesh the foreign exchange representing the export proceeds ‘within 4 months fiom the date of export, They shall thereafter submit an application to the area office ofthe Bangladesh Bank through thie ‘bankers for permission to remit the export proceeds abroad or to retain the same in a foreign currency account with an authorized dealer in Bangladesh (Bank). The application should contin ull particulars of the export consignment, namely EXP form No. and date description of the commodity exported and its FOB valuc, freight charges, if'any, the name and adéressof the consignecs, and the date of receipt of forcign ‘exchange supported by a proceeds realisation certificate from the authorized dealers in the preseribed form. The exporting unit shall also submit #

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