FEOD Circular Letter No. 01: Reporting of Shipping Information in OEMS and OIMS

Foreign Exchange Operation Department BANGLADESH BANK Head Office Dhaka website: www.bb.org.bd FEOD Circular Letter No.: 01 Date: December 26, 2021 All Authorized Dealers of Foreign Exchange in Bangladesh. Dear Sir, Reporting of Shipping Information in Online Export Monitoring System (OEMS) and Online Import Monitoring System (OIMS) Bangladesh Bank introduced Online Foreign Exchange Transaction Monitoring and Management System (FX Dashboard) including two separate modules, namely Online Export Monitoring System (OEMS) and Online Import Monitoring System (OIMS) for proper management and monitoring of export and import related information and transaction. Both Systems have been integrated with the ASYCUDA World System of Bangladesh Customs over time and relevant data exchange automatically. 02. To bring conformity of online systems of both organizations, it has been decided that shipping information which are available in online system of Bangladesh Customs shall be treated as final for reporting in OEMS and OIMS. ADs shall check authenticity of the shipping information from online system of Bangladesh Customs before sending any correction request, if necessary, to Bangladesh Bank. 03. The system as noted at para. 02 shall be applicable for export and import transactions executed through Customs Houses having online system. 04. Paragraph 17 and 18 under Chapter 8 of the Guidelines for Foreign Exchange Transactions, 2018, Volume- 1 containing instructions regarding short shipment and shipment shut out shall be treated as replaced by the para. 02 and 03 above. Please bring the contents of this circular to the notice of your concerned customers. Yours faithfully, (Madhusudan Banik) General Manager Phone: 9530127