Regulatory Alerts2015-09-01
Added · Updated
FEPD Circular Letter No. 16: Ensuring Importability Before Issuance of LCs
The Foreign Exchange Policy Department of Bangladesh Bank directs all Approved Dealer Banks to strictly comply with the prevailing Import Policy Order, Rules, and SROs before issuing Letters of Credit (LCs). This measure aims to resolve complexities in clearing imported goods by ensuring that the importability of specific goods is verified prior to LC issuance, in accordance with a memorandum from the Office of the Chief Controller of Imports and Exports.
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