Region

Jurisdiction

Regulator

2022-01-18

Added 2026-08-08

FEPD Circular Letter No. 03: LC opening without renewed IRC

All Authorized Dealer Banks are instructed to ensure the collection of a valid and updated Import Registration Certificate (IRC) when accepting the LCA form and before establishing a Letter of Credit. This measure aims to prevent complications in providing preferential facilities during consignment clearance, which has led to financial losses for industrial establishments and hindered overall investment when LCs were opened without a valid IRC.

Bangladesh

Bangladesh Bank

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