Regulatory Alerts2012-07-26
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FEOD Circular Letter No. 02: 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 for an additional six months, effective from June 14, 2012. This suspension is mandated by a stay order from the High Court Division of the Supreme Court regarding Writ Petition No. 1875/2012, which concerns the requirement for shipping companies to pay a 0.50% freight brokerage charge to the Shippers' Council of Bangladesh. Authorized dealer banks are instructed to inform their respective branches of this directive.
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