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Date: 23 August 2022
The Director (Commercial)
Bangladesh Investment Development Authority (BIDA)
Prime Minister’s Office
E-6/B Agargaon,
Sher-e-Bangla Nagar,
Dhaka-1207.
Subject: Submission of Shortfall Documents for waiver of BIDA condition no. 8. (Seeking approval of sending outward remittance).
Dear Sir,
We, JGC Corporation have a Branch Office in Bangladesh (BIDA permission Ref No: 03.219.344.00.00.0000.2567.15102019).
I would like to inform you that, we have applied for waiver of condition no. 8 of BIDA permission. BIDA has sent a letter to Bangladesh Bank seeking an opinion. Bangladesh Bank has issued a letter to our AD Bank (Standard Chartered Bank) for the submission of the Encashment Certificate, but Bangladesh Bank did not receive any immediate response from Standard Chartered Bank regarding this matter and issued letter to BIDA with their opinion on 20 January 2022.
But our AD Bank (Standard Chartered Bank) has replied to Bangladesh Bank on 03 February 2022 with proper documents and Bangladesh Bank has issued 18B intimation letter on 10th February 2022 but BB did provide further opinion to BIDA regarding waiver 8 even though AD has submitted encashment certificate.
In this circumstance, it requested to accept this application take the necessary steps to approve the waiver of BIDA condition no. 8.
Thanking you
√
________________________
Takaya Matsuoka
General Manager
JGC CORPORATION
(Bangladesh Branch Office)
Enclose:
Copy of office permission.
Encashment certificate.
Copy of all letters of BB and AD