Investment is Priorit!
B IDA
Bangladesh Investmmt
Development Authority
Prime Mlnister's Office
BaDqlddcsh Invcdmcnl Dc\clopmcDt Authorily
Registration and Incentives'Foreigr Industy
Binilog Rhaban
r! y!,lldclor-hd
vlemo no. 0i.08.2680.22.1. 162 l8 I 7.2018 lg0 Darc:2t-12.202)
,,'4'
Dcar Sn.
ln relerence to the abole letter and circul s. I am dircctcd to iDform )ou that lhe agrccnicrl lillcd
'Acrccmc.t lor Iechnical Assistance' execured bel$een Munata (Thailand) Co. I-td. 1068 Mu 10, Sukhunr!lr
107, Thailand and Mutala Machinery BaDgladesh Ltd., Paradisc Towcr (5d Irloor), Pkn-ll. Road-0:.
Sector-O1, Uttara, Dhaka l2i0 with the follolvirg general inlonnaltun has bcen endored and dul) signcd on
erell pagc lr) drc concemed officer ofBIDA.
\lanagnrS Dircct0
\1udala Machincry Bansladcsh Lrd.
Paradisc Totrcr (5'h lrloor). Plot'11. Road-02, Scctor 03.
Uftara. Dhaka-1230.
Subiect: Approval ofthe Aseement for Outward Remiltance ofTechnical Assistance Fee
Ret (l)
(2)
(r)
(r)
Muratr LachiDcrr Ilangladcsh l.td : I)aled: 01.08.2022 &.30 l).2022
Circular no.0: 08 2680.22,1.165.1479.2017,59 issued on 0i.03 2021 from BIDr\
Circular Do 0:1.08.2680.221 165 1.1792017/120(3:i)issuedon23.05.202lliomBIDA
Lclter.o 03.08.2680.224.162.2035.2018: dated-27.01.2020
Nairc ol lhc dAr.cnrcnl Aneenrerl lnr Tcchn ic.l Assistdrcc'
Tltr..llh. dsicemr!1 l.ch lc.lA\si$nce Se^ ices
Scopc olth. a!rccm. I 'l cdNcal .\ssisnncc Fcc
\trr,c ol thc l pe! \jrh N'rid d.rils
iicLLrdi,rg !o(al rnd \eb n(lJres\. phonc
Nlurlarn NJachiircN Banel(dcsh Ltd.
Pdadisc To*.r (i,! tldtr) l,lir-l l.Ilo{l,i)2.
Stcloi-01. I rLlaro. Dhrk.-1210.
. m.il salxhuddln ianru,xrelbd.corl
\rDr. of th. lri pan! \vilh .orra.r dcl.ils
inchdir! Fostrl ord Ncb addrcss. phone
l\'lu'1ata (Th.ilard) Co. Lld
:li)68 Nlu 10, Sukhumvit l0l
li1obil. No'81-(0)r5-20112892
c 'naiIluroshi miyar)loa.anrel. D umtec.co .ip
ILre ol c\cculion ofthe aqre.me.l 0 t.0.1 2018
Dal. ofllc silninr ol thc {ereenr.nl
f.iiiclrrc datc ofdrc agreenr.nt 01.04.2018
'i.h ofllrr u.eem.nl I he n!,ccDert N lalid 1]om 01.0.1 201 8 o I I 0l 2020
hinr. Ba l Lrd
2 Bascd on this approval, l\{unara Machiner! Bangladesh Lld. caD rernil technica Assistance Fee
direclh lhrough the nomirated AD Bank without case-ro-casc appr)val n'(nn BIDA. subject ro ihe
followirgl
(a) until rhe expiry date ollhc approved and duly signed agrecmcnri
(b) as lo.S as the payments fall $ilhh rhc provisions ofthe approved and dul) signcd agrcemcnt:
Biniyog Bhaban E-6rB. Slcr c ll!,rgla Nagar. Dhxkr 1207
Phone:+E80I.1.18267.15 99,lax:.8t0 2.1.18:6192 I,)nait: inlo.a)bida gov.bd. \\eb:wu r.brda.gov.bd
07
a
hr!.sIni.nt I)evelopnrclt r\ulhority. l}hre N4in1n.r's Oliicc
1of3
Investnent h Prioritv
Bangladesh lnvestment
Development Authority
l. The inlo*ing infomarion. ho$'c!cr. must be tak.n inlo consideratioD and due proccdDres nmsr be
obserrcrl lbr executing ant actions and iransacrions based oD lhe above mcntioned approved aglcenrentl
a) The provisions ofthc circulars mcntioned in rhc relerenccs mLlst be fulfilled;
b) The outward remittancc olrhe lcchnical Assistance Feemusr be nradc through thc nominated Al)
c) tjnder the e\islin! agrccment, repalriarion permit has ahcadv been issued to the period of
Ma),2017-Nlarch/2018 o. thc basis olsalcs )ear Fcbruarlr20I7-March'20I8 ( RetTNo -1)'
a) t',ior approual liom Bll)A is mandatory lbr an-! paymcnt of fe.s cxceeding 69" ofC&F\aluc or
prcvioui yea s sales ralu.. rn-v kind ol advance fecs (whete C&f values aDdror sale\ vrrrie ls rol
ivailablei. al]y parrnenrs lo fbreign c.rnlractors oflhe project and anv othcr lies nor dated in lhc
'Guidehrcs ibr out'!ard remiltaDcc repatriation fbr palm.nt of rovaltv. technicxl knowlcdge/
technical knoB ho$ lee (s). tcchnical assisrancc fee(, and Iranchise lie(r. 2020" (her'inalteI
rclcrred to as 'Guidelines")i
e) (i) In addirion 1{, lhe fees rcnccted in this cndorsed agr.cmenl, lhe company (N4urtata Machirer)
B Lrd. tb of
lhc product,service for which lhe fte is berrg rcnrilrcdi and
I l) I hc scrvice recipienr,beDCficiarl any has a lalid trade lic.nsc lbr carr)nrg out ihe
inB
BangLadesh lnv.strncDr Dc|eLopmenrArtrhority. PrlITIe Nlinister's Oliicc
Bxri,vo! Bhahr.. [ 6'8. Sher-e-t]angh Nrgar Dhakx-1207
Phore: +3iio I ,1.18:6i95 99. Fax:+ElJo 2 1.1826192. E rall: infoii bi.lt.co!.bd. \\tb: wrvw brda go\ bd
(ii) The total out$ard rernittancc lor all iypes of scrvices ard agrccments ,nust nol be nror' thrn 6%'
(n)tal rernifted aDrount lor all serlice proliders) of rlrc pre\ious )cars' sales (crcludiDg Value
Addcd Ta\) as declarcd in the rncomc trx reiurns in a gi\er )ear and mentioned in the auditcd
baLaDcc shcet ofihat )eari
t) Before making lhe remittance rransaction, lhe rclcvant AD llank ust ensurc thatr
l) Ihe btal amounr of oul'vard remifiance as ro)alt) fee. lianchise fee, t.chnical kno$lcdge
fee t.chnical kDo!v-ho'! lie. ard technical assistance tee must not excecd 6% ofthc s'tles
r.vcnuc,C&F value ollhe sales )e spccilied in the application. lhe Dorrinee bank $'ill be
rcsfonsible lbr an]- outr!ard remittancc Lrclond 6%.
2) Thc aqreement for any kind of remitlance according ro the "Guidclines" has bcen dul)
ifproved. signed, and sealed b]- BII)Ai
l) The agreernent for anl kind ofremiltance according 1o rlre -Guidelincs" is srill nr cft!'t and
has nol been .xpircd;
4) The fae is remitlcd in favor olonl) the service provider'rhe forcigD collaboEtor ard the
address(e, as has been stated ln thc agreelrent;
)) Thc proper inloicc liom llre service troviderrthe foreigD collaborator has been provi't'11:
6) lhc iervice recipientlbcneticiar-v conrpany has providtd rhe \rork completion c'nilicire
andior proofthal lhe s.r!ice in question has bccn provided aDd rcceived dulvi
7) lhc scrvice recipieDl/bcneilciary company lirrnishes a cop) ol rhe annual report ol rhc
compan)lfinn comprisins audiied balaDcc sheet along \tilh the profit and loss accounls (nr
case of rhc projccr is in ope tion) slaling the annual sales value for thc pre\'ious rtar, or bill
of entr! (s)/invoices of the imponcd machiner) (in case of projec! undct inrplenn nr'rl^fl
enumerating C&F values ofthe nnforlcd capital machnrcr) lor the project in concern:
8) The service recipicnl,beneficiary conrpanr- has provided thc ccnitled copy ol the board
rcsohrtion approving thc ounvard remiftance olthc said parment;
9) Thc scrvice recipienrb.ncficiary companr- has paid all the incomc 1a\cs for ihe frsiors
ycar and a cellificalc llom NBR in that aspoct is furnished with and all the r€lclant rar
policics,regulations ofthc govcrnment have been complied $ithl
l0) Ihc scrvice tecipie,rt/benellci ] co pany has valid tradenlark licensc(s) in Ba.glari'rh fbr
(rs$)
T-!pe ofthc Duration ofthe sl.
No
Namc and parties of
2af3
.N
B IDA
Inve(ment is Priodtv
N Bangladesh lnvestment
Development Authority
post-facto review ollhe palments accompanied $ith aulhcnricarcd banking docu,nents as and when
thc favmenh are made:
h) Thc golemment shallneither be involvcd nor be liable for ihe remittance ofthe said amount;
i) Thc nornlnaled bark (Authorizcd Dcalcr) nn$t follo\i,the iostruction of rhe provisions of fie BIDA
''Guidelines", Bangladcsh Bank FE Circular No.07, dated,^pril 11,2021 (cop) atlachcd), fE
circular no.lz dated 29 No!cmber 2017. and other relevant regulations, circulars, and ordcrs o1
l{. , :lJde . ' B , r( rel.. rr. r" 'or..rBn r\rl'. ,qe r'. 1. rc.ron..
i) The dctails ofthe remittaDce paymcnrs must be reflededi approvedlendorsed in rhc ncxt Annual
Generall Board Mccting ofdre company.
farthfully
09"
?Eu lShah Mohammad I\4ahboob)
Director Gcncral (Jonx Secretary
Internalional lnvestnent Wing
Phoner02-55007225
cmli l, d gi aoLi&so" !.E!
Memo no. 03.08.2680.224 .162.l8I'7 .2018 Date: 12 2022
Cop! ro fN0! accordins 1(] senjqrit
I ft,nrnissio.cr ol 1axes, Zone-7, Sagunbagicha. Dhaka.
2. Ccncral \'lanager. foreign r.xchangc lnvcstnrent Depanmcnr. llangladesh Bank. MoritricclCiA. t)haka
: Ccncral Manager, Stalistics Depaftnrent, Blngladesh Bank, 29rh storied Buikitng (251h floor, Morilheel
C,\ Dhaka
.1. i\lanagcr. Cltibank N.A. , 8. culshan A!enuc . (julshan- 1, Dhaka t2 t2,Bancladcsh
5. X4uslcr file
(Md shohelRana)
Assistant Dircctin (Assistant Secretarr)
R&l lroreign Indusry
Phone 88-02-148267: I
emailr ad.rifi (4l,ida.eov.bd
A*
Bangladcsh lnveshrcnt Dclcloprrenl Aurtroritt. priltlc i\tmistcr s Oltic.
llifi,vog Blr.tba..l,6rB, Slr.r c llrngh \agar Dhak! 1207
Phore:+380 2 .1.1S:6795-i)9. Farr+880 l,:1.1826792. l:.rail: l1lloantbidr eo\,.bd. \\,cb: ,!,\i\rbtda so\ tirl
3of3
BIDA
Atlachnrent: As stated.