FEOD Circular Letter No. 04: Payment Brokerage Charge by Shipping Company/Agent to Shippers Council of Bangladesh

Foreign Exchange Operation Department Bank of Bangladesh Head Office Dhaka. Website: www.bb.org.bd

CIRCULAR LETTER NO.-04 Date: Falgun 25, 1421 March 09, 2015

To All Approved Dealer Banks Head Office / Principal Office

Dear Sir,

Regarding the payment of 0.50% Freight Brokerage Charge by Shipping Company/Shipping Agent to Shippers Council of Bangladesh (SCB).

Reference is drawn to Circular Letter No.-01 dated August 01, 2011 of this department on the subject cited above.

In this regard, it is mentioned that in the context of Civil Miscellaneous Petition No. 116/2015 arising from Writ Petition No.-1875/2012 before the High Court Division of the Hon'ble Supreme Court, the Appellate Division granted a stay order on the operational validity of the said Circular for 8 (eight) weeks on February 17, 2015. In light of this, the operational validity of the aforementioned Circular is hereby suspended for 8 (eight) weeks.

It is advised to inform your relevant approved dealer branches of the above instructions.

Please acknowledge receipt.

Yours faithfully,

(Signature) (Md. Aulad Hossain Chowdhury) Deputy General Manager Phone: 9530478

Ref No.-FEO(Rem-1)711/312/2015-1359 Date: 09/03/2015

Copies are sent for information and necessary action to:

1. All branches of the Foreign Exchange Operation Department, Bank of Bangladesh, Head Office, Dhaka.
2. All Divisional Heads, Bank of Bangladesh, Head Office, Dhaka.
3. General Manager, Bank of Bangladesh, Motijheel, Dhaka/Chittagong/Rajshahi/Khulna/Bogura/Sylhet/Barisal/Rangpur/Sadarghat, Dhaka.
4. Private Secretary to the Governor, Bank of Bangladesh, Head Office, Dhaka.
5. Deputy Director/Assistant Director attached with the Deputy Governor, Bank of Bangladesh, Head Office, Dhaka.
6. Private Secretary/Assistant Director to Executive Directors/Chief Economic Advisers, Bank of Bangladesh, Head Office, Dhaka.
7. Executive Director, Bank of Bangladesh Training Academy, Mirpur-2, Dhaka.
8. Secretary, Banking and Financial Institutions Division, Ministry of Finance, Government of the People's Republic of Bangladesh, Bangladesh Secretariat, Dhaka.
9. Secretary, Ministry of Commerce, Government of the People's Republic of Bangladesh, Bangladesh Secretariat, Dhaka.
10. Secretary, Ministry of Shipping, Government of the People's Republic of Bangladesh, Bangladesh Secretariat, Dhaka.
11. President, Shippers Council of Bangladesh, Elite House (10th Floor), 54, Motijheel B/A, Dhaka-1000.

(Signature) (Md. Rais Uddin Bhuiyan) Deputy Director Phone: 9530010-75/3828