RegAlert

Rule · BB · 27 Aug 2009

FE Circular No. 13: Advance payment against imports

fx

The limit for advance payments against imports from an Exporter's Retention Quota is enhanced from USD 5,000.00 to USD 10,000.00 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 the relevant sub-paragraph of the Guidelines for Foreign Exchange Transactions remain unchanged.

BangladeshBangladesh Bank

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka.
Web site: www.bangladeshbank.org.bd
FE Circular No. 13 Date: August 27, 2009
All Authorized Dealers of
Foreign Exchange in Bangladesh
Dear Sirs,
Advance payment against imports
Please refer to paragraph 29(iii), Chapter 13 of the Guidelines for Foreign Exchange Transactions (GFET) Vol-I (2009) wherein Authorized Dealers have been allowed to effect advance payment on behalf of exporters not exceeding USD 5,000.00 or its equivalent from the Exporter's Retention Quota (ERQ) for bonafide business purposes subject to observance of specific terms and conditions. It has now been decided to enhance this limit of advance payment from ERQ up to USD 10,000.00 or its equivalent.
02. Other terms and conditions stipulated in this sub-para will remain unchanged.
03. Please bring these instructions to the notice of all concerned. Meanwhile please
acknowledge receipt of it.
Yours faithfully,
(Khandaker Abdus Salim)
Deputy General Manager
Phone: 7120375

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: Amended

A newer document in RegAlert amends this one; it applies as amended.

FE Circular No. 13: Advancepayment against imports2009-08-27 · this documentFE Circular No. 13: Advance payment against imports (2009-08-27)FE Circular No. 05: Advancepayment against import from Expor…2017 · BBFE Circular No. 05: Advance payment against import from Exporter's Retention Quota (ERQ) Accounts (2017-02-05)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Amended by

Timeline

Amended 1 time · last 2017-02-05

Similar documents from other regulators

More like this from BB

We email you every new BB publication the day it's published.

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added · updated

FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.