Regulatory Alerts2015-03-09
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FEOD Circular Letter No. 04: Payment Brokerage Charge by Shipping Company/Agent to Shippers Council of Bangladesh
The Foreign Exchange Operation Department of Bangladesh Bank suspends the operational validity of Circular Letter No. 01 dated August 1, 2011, regarding the 0.50% freight brokerage charge payable by shipping companies or agents to the Shippers Council of Bangladesh, for a period of eight weeks. This suspension follows a stay order issued by the Appellate Division of the Supreme Court on February 17, 2015, in Civil Miscellaneous Petition No. 116/2015. Authorized dealer banks are instructed to inform their relevant branches of this directive.
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