The Directorate General of Foreign Trade (DGFT), on October 21, 2026, has issued an advisory under Para 8.07(d) of the Foreign Trade Policy (FTP), 2023, concerning M/s Julfikar Fashions Limited, Mirpur, Bangladesh, following receipt of a Quality Control and Trade Dispute (QCTD) complaint against the firm.
Despite efforts through diplomatic and administrative channels, no substantive response has been received from the concerned firm or relevant authorities, thereby preventing verification of the facts and an amicable resolution.
DGFT has advised Export Promotion Councils, Industry Associations, Regional Authorities, ECGC, Authorised Dealer Banks and other stakeholders to exercise heightened vigilance while dealing with the entity. The advisory recommends the following measures:
- Undertake enhanced due diligence before entering into any commercial arrangement or transaction with the firm.
- Sensitise exporters, importers and other trade participants regarding the concerns associated with the entity.
- Assess the risk profile of proposed transactions and consider the advisory while processing applications, extending financial or credit support, providing trade facilitation services, or issuing certifications and recommendations.
- Promptly report any adverse experience, payment-related issues, contractual disputes or other relevant information concerning the firm to DGFT for examination and necessary action.
The advisory is precautionary in nature, based on information presently available, and is intended to alert the trading community to potential risks. It does not state that the entity has been formally blacklisted or that trade with it is prohibited.
[DGFT Trade Notice No. 31/2026-27]
