Regulatory Alerts2017-07-04
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Circular dated July 2, 2017 regarding confirmation of the adjustment period to pay the value of imports in accordance with the circular dated June 5, 2017
The circular confirms a three-month adjustment period from the date of the June 5, 2017 decision for the provision or preparation of documents required to pay import values exceeding USD 2,000 or its equivalent in foreign currency. This period applies to the implementation of the Minister of Trade and Industry Decision No. 835 of 2017, which mandates that such payments be made in foreign currency using standard payment methods and the submission of Form 4. Banks are requested to take necessary measures to ensure compliance with this document provision period and the application of the decision.
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