Regulatory Alerts2013-07-17
Added · Updated
FEPD Circular Letter No. 22 : Calculation of Daily Exchange Position: Outward Bill Purchased
The circular clarifies the calculation of the daily exchange position for outward bill purchased by replacing the existing text in paragraph 22, Chapter 2, Sl. No. 1.A.id of Appendices 48A and 48B of the Guidelines for Foreign Exchange Transactions. Authorized Dealers must report total outstanding purchased export bills under this head if they are held in a temporary suspense account prior to realization, deducting any outstanding foreign currency payment liabilities. Transactions input directly into currency accounts or bills sent for collection are excluded from this reporting head.
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