Regulatory Alerts2020-01-30
Added · Updated
Clarification on Submission of Authenticated Bill of Entry or Certified Invoice Against Remittance for Imports
The instruction prohibiting the opening of new letters of credit when bills of entry or certified invoices from earlier remittances remain pending beyond the permissible period is extended to imports made against admissible advance payments and under sales contracts without letters of credit. Authorized Dealers are also advised not to amend letters of credit if import reporting remains unmatched for more than four months from the date of payment. These requirements apply immediately to all Authorized Dealers in Bangladesh.
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