Regulatory Alerts2015-01-26
Added · Updated
FEOD Circular Letter No. 01: Payment Brokerage Charge by Shipping Company/Agent to Shippers Council of Bangladesh
The Foreign Exchange Operations Department of Bangladesh Bank has suspended the effectiveness of its August 1, 2011 circular regarding the 0.50% freight brokerage charge payable by shipping companies or agents to the Shippers Council of Bangladesh. This suspension is implemented for a period of three months in compliance with a stay order issued by the High Court Division of the Supreme Court on November 10, 2014, arising from Writ Petition No. 1875/2012. Authorized dealer banks are instructed to notify their respective branches of this directive.
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