Regulatory Alerts2021-12-26
Added
FEOD Circular Letter No. 01: Reporting of Shipping Information in OEMS and OIMS
Shipping information available in the Bangladesh Customs online system is treated as final for reporting in the Online Export Monitoring System (OEMS) and Online Import Monitoring System (OIMS). Authorized Dealers must verify the authenticity of this data from the Customs system before submitting any correction requests to Bangladesh Bank. This requirement applies to export and import transactions executed through Customs Houses with an online system, replacing paragraphs 17 and 18 under Chapter 8 of the Guidelines for Foreign Exchange Transactions, 2018, Volume-1 regarding short shipments and shipment shut outs.
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