(b) General Conditions Applicable to Type C Industries

1. The machinery, spare parts, raw materials and other imported capital goods must be financed under non-repatriable foreign exchange, supplier's credit, PAYE or other approved arrangements allowed by the Government. Salaries and emoluments of foreign experts, if employed, must be financed under any of these arrangements.

 2. The first consignment of raw materials may be imported by procuring foreign currency from the secondary exchange market subject to the approval of Bangladesh Bank. Such industries are eligible for cash foreign exchange for the subsequent import of raw materials and spares, etc., to the extent of the net foreign exchange earned and surrendered to Bangladesh Bank.

3. The cost of any construction and working capital and goods not covered in 1 and 2 above may be financed out of the local resources of the entrepreneurs.

4. The entire export proceeds must be surrendered to Bangladesh Bank.

5. These enterprises will be subject to the usual foreign exchange regulations of the country.