Regulatory Alerts2012-03-22
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FEOD Circular Letter No. 01: Suspension of Payment of 0.50% Freight Brokerage Charge to Shippers Council of Bangladesh
The Foreign Exchange Operations Department of Bangladesh Bank suspends the operational validity of Circular Letter No. 01 dated August 1, 2011, regarding the payment of a 0.50% freight brokerage charge to the Shippers Council of Bangladesh by shipping companies or agents. This suspension is effective for four months following a stay order issued by the High Court Division of the Supreme Court on February 27, 2012, in relation to Writ Petition No. 1875/2012. Approved dealer banks are instructed to inform their respective branches of this directive.
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