Regulatory Alerts2019-03-28
Added · Updated
FEPD Circular Letter No. 08: Import of industrial raw materials on usance terms on behalf of exporters
Authorized Dealers in Bangladesh are permitted to open usance letters of credit on behalf of manufacturer-exporters for the import of industrial raw materials. This authorization is granted in terms of paragraph 33(a), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1. The circular clarifies that this facility aligns with the Export Policy 2018-21, which stipulates providing back to back LCs and usance LCs for all export products.
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