In general, duty drawback facility, duty free bonded warehousing facility and cash incentive facility are mutually exclusive. In other words, the exporters who enjoy duty draw back facility or duty free bonded warehousing facility for their exportable goods will not be able to claim cash incentive for the same product.
Therefore, if a firm/organisation takes cash incentive and avails duty free bonded warehousing facility or duty drawback facility simultaneously, he will have to return the amount he has received as cash incentive.
(Reference: Bangladesh Bank FE Circular 09, dated 05/03/2001).
However, if a bonded warehouse licensee/owner uses local inputs to manufacture exported goods, he/she will be entitled to get cash incentive for the local inputs used in the production or manufacture of their export products, provided that the said local inputs are eligible to get cash incentive. In other words, if inputs, eligible to get cash incentive and procured from local sources, are used in the production/manufacturing of exported goods, and no drawback/duty free bonded warehousing facility is claimed on these inputs, cash incentive will be granted. (Reference: NBR nothi no. 2(5): shulka: Roptani O Bond/2006 date. 20/07/2006]
[This is for informational purposes only. In case of contradiction of conflict with relevant Act/Rules, provisions mentioned
or referred to in the said Act/Rules shall prevail.]