EPB certificate mandatory for cash incentive in potato export sector
Foreign Exchange Policy Department of Bangladesh Bank, in a circular issued on Thursday (11 May, 2023) has said, cash incentives will be available to the potato traders if they could produce the Export Promotion Bureau (EPB) certificate.
The government provides a 20 per cent cash incentive to accelerate potato exports and protect farmers from the risk of losses.
The central bank issued the new directives to carry on with the incentive programme and ease the complicacies shaped by a recent court writ.
The circular said, as per the government decision in the interest of continuing to provide cash incentive to the potato export sector as per Annexure of FE Circular No. 40 dated October 20, 2019, the conditions for submission of Export Development Bureau certification shall remain in force, pending the disposal of the Writ Petition No. 3156/2020 regarding filing of Certificate of Bangladesh Potato Exporters Association.
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