RegAlertRule · BB · 10 Aug 2015
FEPD Circular Letter No. 15: Opening LC for Importing Pesticides Without Product Registration and Import License
The Foreign Exchange Policy Department of Bangladesh Bank directs all approved dealer banks to verify that importers possess valid product registration certificates from the Department of Agricultural Extension and valid import licenses before issuing letters of credit for pesticide imports. This requirement enforces Section 26(14) of the Import Policy Order, 2012-15, under the Pesticides Ordinance, 1971. Banks are instructed to maintain the relevant documents properly and inform all concerned parties of this directive.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka-1000.
Ref. No. FEPD(Circular)/115/2015-15
Date: 10 August, 2015
To,
The Head Office / Principal Office of all Approved Dealer Banks engaged in Foreign Exchange Transactions.
Dear Sir,
Subject: Opening of Letter of Credit for Import of Pesticides (Used in Agriculture and Public Health) Without Product Registration and Import License.
Reference is invited to the Import Policy Order, 2012-15, issued by the Ministry of Commerce, Government of the People's Republic of Bangladesh, regarding the subject cited above. In accordance with the instructions contained in Section 26(14) of the aforementioned section, you are advised to ensure that the importer has the necessary Product Registration Certificate from the Department of Agricultural Extension and the Import License as per the Pesticides Rules, 1985, framed under the Pesticides Ordinance, 1971, before issuing the Letter of Credit for the import of pesticides and insecticides. You are further advised to preserve the relevant documents properly.
You are requested to kindly inform all concerned about this matter.
Yours faithfully,
(Md. Zakir Hossain Chowdhury)
Deputy General Manager
Phone: 9530250
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