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Date: 25 June 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 and Bangladesh Bank did not receive any response from Standard Chartered Bank regarding this issue. But we have the Encashment certificate and we want to submit the encashment certificate to you.
In this circumstance, it requested to accept this application as well as the encashment certificate and 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.