Circulars/Notifications - Circulars/Notifications    

 BSD Circular No.05
January 30 , 2002 


 

All Banks 

Dear Sirs, 

Export Finance Scheme -Reinstatement of the
facilities to bleached / unbleached cloth
 

Please refer to the instructions contained in our BSD Circular No. 22 dated 19th August 2000 and the negative list circulated vide BSD Circular No. 35 dated 28th September 2001. 

2.         It has been decided that henceforth the exporters of the bleached / unbleached cloth exported at a price of above US$ 3 (or equivalent) per square meter shall be eligible to avail financing facilities under Part-I of the Export Finance Scheme. As the facility has been reinstated on the basis of the per square meter export price, in case of substitution the exporters, availing the facilities under EFS shall remain liable to ship bleached / unbleached fabric  with a price not less that the per square meter price of the original contract i.e. the substitution facility shall  not be available by substituting Firm Export Order/LC in respect of bleached / unbleached fabric exported at a lower export price. 

3.         Other instructions on the subject shall remain unchanged. 

            Please acknowledge receipt. 

 

Yours faithfully,
(Kazi Abdul Muktadir)
Director

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