DFEI Circular Letter No. 01: About Preservation of IMP Forms, Invoices, Bills of Entry in Import Files

Department of Foreign Exchange Inspection Bangladesh Bank Head Office Dhaka-1000.

DFEI Circular Letter No. 01 Date: 19 Ashar, 1420 03 July, 2013

To, Managing Directors / Chief Executives All Scheduled Banks operating in Bangladesh.

Dear Sir,

Subject: Regarding proper preservation of IMP Forms, Invoices, and Bills of Entry in concerned Import Files.

In the matter mentioned in the subject, Section 31(B) of Section-OO, Chapter-7 of the Guidelines for Foreign Exchange Transactions-2009 issued by the Foreign Exchange Policy Department provides clear instructions to preserve IMP Forms, Invoices, and Bills of Entry together in the concerned Import Files. However, field inspections reveal that in many bank branches, import-related documents are not preserved in the concerned Import Files but are stored elsewhere, or in some bank branches, they are stored in a piled-up condition, which is contrary to the aforementioned instructions of the Guidelines.

In this regard, you are advised to preserve import-related documents, including Bills of Entry, together in the concerned Import Files in light of the aforementioned instructions of the Guidelines.

You are requested to inform all your approved dealer branches about the subject of this Circular Letter to ensure compliance.

Yours faithfully,

(Md. Saiful Islam Khan) Deputy General Manager Phone: 9530239