Regulatory Alerts2017-02-05
Added · Updated
FE Circular No. 05: Advance payment against import from Exporter's Retention Quota (ERQ) Accounts
The limit for advance payments against imports from Exporter's Retention Quota (ERQ) accounts is increased from USD 10,000.00 to USD 25,000.00 or its equivalent. This change applies to Authorized Dealers of Foreign Exchange in Bangladesh acting on behalf of exporters for bonafide business purposes. All other terms and conditions stipulated in Paragraph 29(iii), Chapter 13 of the Guidelines for Foreign Exchange Transactions (GFET) Vol.-1(2009) remain unchanged.
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