Regulatory Alerts2008-09-22
Added · Updated
FE Circular No. 13: Reporting for Foreign Exchange Transactions Conducted by Industrial Enterprises of EPZs (Including Off-shore Banking Units) and KAFCO
This circular amends the reporting requirements under Section 14 of the Bangladesh Bank Order, 1996 for foreign exchange transactions by industrial enterprises in Export Processing Zones (EPZs), including Off-shore Banking Units (OBUs) and KAFCO. It mandates the use of updated Schedule S-10 (for EPZs) and Schedule S-11 (for OBUs) forms, incorporating specific currency codes such as Code-98 for 'Others' and unit codes like 9999 for non-standard currencies. The document also updates instructions for Form C and TM Forms, requiring the use of Form A-1 for transactions with Authorized Dealers outside the EPZ and setting a 15-day deadline for reporting adjustments.
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