Regulatory Alerts2026-07-30
Added · Updated
Consolidated Circular on Foreign Exchange Regulations - Export Trade Transactions
This consolidated circular updates and repeals previous instructions on foreign exchange regulations for export trade transactions, effective for one year from July 30, 2026, for all Authorized Dealers in Bangladesh, except for reporting instructions in GFET, Vol.-2. It reiterates the four-month period for repatriating export proceeds, extending it to up to 360 days for raw jute and jute goods under specific conditions, requiring extended due diligence from ADs. Authorized Dealers are directed to ensure timely repatriation and draw transport documents to their order for most exports, with specific exemptions. ADs and their officials are liable for punitive action under the FER Act, 1947, for non-compliance leading to delays or non-realization of export proceeds, and the circular formalizes the use of electronic EXP Forms for exporters.