Regulatory Alerts2015-03-02
Added · Updated
FEOD Circular Letter No. 03: Waiver of Overdue Bill of Entry
The Foreign Exchange Operations Department of Bangladesh Bank waives the requirement for approved dealer banks to report the details of bills of entry for goods cleared more than four months after shipment in their monthly statements. This exemption applies to goods for which customs certified bills of entry are obtained. However, banks must continue to report and seek prior approval from the department for goods that are lost, auctioned by customs, or not received due to port-related issues, as these remain subject to overdue bill of entry reporting obligations.
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