FEPD Circular Letter No. 18 Import of agricultural implements and chemical fertilizers- extension of usance period

Authorized Dealers (ADs) in Bangladesh are permitted to extend the usance period for imports of agricultural implements and chemical fertilizers from 180 days to a maximum of 360 days. This extension, which falls under FE Circular No. 16 of March 23, 2020, amends paragraph 33(a)(iv), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1. This circular letter is applicable until September 30, 2020.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 18 Date: April 26, 2020 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Import of agricultural implements and chemical fertilizers- extension of usance period Bangladesh Bank has addressed to minimize COVID-19 pandemic related disruptions to input imports by industrial importers. Accordingly, Authorized Dealers (ADs) have been permitted vide FE Circular No. 16 of March 23, 2020 to extend the usance periods upto a maximum of 360 days instead of 180 days, depending on the actual needs of their concerned clients.
2. Within the purview of the above mentioned circular, ADs may extend the usance periods
upto a maximum of 360 days against imports of agricultural implements and chemical fertilizers from 180 days admissible under paragraph 33(a)(iv), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1. Other instructions with regards to import trade shall remain unchanged. Please bring the contents of this circular letter, applicable till September 30, 2020, to the notice of your concerned clientele. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123

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This document amends: FEPD Circular No. 16: Import of industrial raw materials-extension of usance period

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works