Regulatory Alerts2015-02-10
Added · Updated
FEOD Circular Letter No. 02: Payment of 0.50% Freight Brokerage Charge by Shipping Company/Agent to Shippers Council of Bangladesh
The Foreign Exchange Operations Department of Bangladesh Bank restores the validity of Circular Letter No. 01 dated August 1, 2011, which mandates that shipping companies or agents pay a 0.50% freight brokerage charge to the Shippers Council of Bangladesh. This reinstatement follows the High Court Division's dismissal of Rule 1875/2012 and the cancellation of a previous stay order. Approved dealer banks are instructed to inform their relevant branches of this directive.
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