Regulatory Alerts2015-03-31
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FEOD Circular Letter No. 05: Waiver of overdue bill of entry
Bangladesh Bank instructs all approved dealer banks to replace the phrase 'approval of this department' with 'approval of Bangladesh Bank (within own control)' in the final line of Circular Letter No. 03 dated March 2, 2015. This correction applies to the context of providing waivers for overdue bills of entry related to goods cleared more than four months after shipment.
Foreign Exchange Operations Department Bangladesh Bank Head Office Dhaka-1000. Website: www.bb.org.bd
Circular Letter No. 05 Date: 15 Chaitra, 1421 Bang March 29, 2015 AD
Managing Director / Chief Executive Officer All Approved Dealer Banks operating in Bangladesh
Customs Certified Bill of Entry for goods cleared more than 4 months after shipment Regarding the provision of waiver for overdue bill of entry.
Dear Sir,
With reference to Circular Letter No. 03 issued by this department on 02/03/2015 AD, it is informed that the phrase 'approval of this department' in the last line of the said Circular Letter should be read as 'approval of Bangladesh Bank (within own control)'.
Yours faithfully,
(Tofazzal Hossain) Deputy General Manager
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