Apology Letter for 18B

4th September 2023 The Director Foreign Exchange Investment Department Bangladesh Bank Head Office, Dhaka-Bangladesh. Through: Standard Chartered Bank, 67, Gulshan Avenue, Dhaka-1212. Subject: Apology for the non-submission of Tax Clearance Certificate and Acknowledgment receipt of Tax Return for the assessment year 2023-2024. Dear Sir, I would like to inform you that Nippon Signal Company Limited has submitted the Company Tax Return for the Assessment Year 2022-2023. But the Assessment has not been completed yet and we did not get the Tax clearance certificate for the assessment year 2022-2023 since the file is under process in the relevant Tax Circle. Hence, we are submitting here the Acknowledgment receipt of Tax Return for the assessment year 2022-2023. Besides we are preparing the Annual Statutory Audit Report for the Year ended 30 June 2023. After completion of the Audit Report, we will submit the Income Tax return for the assessment year 2023-2024. It is mentionable that as per section 171 of the Income Tax Act 2023, we have time to submit Tax return till 15 January 2024. In this circumstance, it is not possible to submit the Tax Clearance Certificate and Acknowledgment receipt of the Tax Return for the assessment year 2023-2024. It is requested to accept our apology and consider the circumstance for the non-submission of the Tax Clearance Certificate and Acknowledgment receipt of Tax Return for the assessment year 2023-2024 as well as accept this letter as intimation in your record according to the Foreign Exchange Regulation (Amendment) Act, 2015. Sincerely Yours, 🗸 ____________________ TAKUYA WAKUTSU General Manager Nippon Signal Company Limited (Bangladesh Branch Office) Attachment: Acknowledgment receipt of Tax Return for the assessment year 2022-2023.