Regulatory Alerts2024-06-30
Added · Updated
Extension of usance period against imports of industrial raw materials
The usance period for imports of industrial raw materials, including back-to-back imports and imports of agricultural implements and chemical fertilizers under supplier’s or buyer’s credit, is extended until December 31, 2024. This extension applies to the 360-day period previously established by FE Circular No. 21 dated December 14, 2023. The extended usance period is not applicable for imports under EDF loans, while all other relevant instructions remain unchanged.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka
www.bb.org.bd
FE Circular No. 13 Date: June 30, 2024
Managing Directors/CEOs
All Scheduled Banks in Bangladesh
Dear Sirs,
Extension of usance period against imports of industrial raw materials
Please refer to FE Circular No. 21, dated December 14, 2023 regarding extension of usance period to 360 days from 180 days for import of industrial raw materials including back to back imports and imports of agricultural implements and chemical fertilizers under supplier’s/buyer’s credit as per paragraph 33(a)(ii) and 33(a)(iv), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol.-1.
- To facilitate trade transactions, it has been decided to extend the policy supports contained in FE Circular No. 21/2023 till December 31, 2024. The extended usance period will not be applicable for imports under EDF loans as earlier. Other relevant instructions shall remain unchanged.
Please bring the contents of this circular to the notice of the customers.
Yours faithfully,
(Signature)
(Md. Sarwar Hossain)
Director (FEPD)
Phone: 9530123