FEPD Circular Letter No. 27: Regarding compulsory requirement of releasing at least 20% of imported capital machinery & raw cotton through Pangaon Inland Container Terminal

FEPD Circular Letter No. 27
22 Agrahayan, 1422
Circular Letter No. FEPD (Import Policy) 123/2015-27 Date: ----------------- 06 December, 2015 To All Approved Dealers Banks engaged in foreign exchange transactions Head Office / Principal Office.

Dear Sir,

Regarding the compulsory requirement of releasing at least 20% of imported capital machinery & raw cotton through Pangaon Inland Container Terminal.

Reference is drawn to your attention to Notification No. 20/2015 issued by the Chittagong Port Authority on 30/11/2015 on the subject mentioned above.

The said Notification has made it mandatory to specify Pangaon Inland Container Terminal as the destination for 20% of the total value of Letters of Credit established for raw cotton and capital machinery for use in textile mills located in Dhaka and surrounding areas.

A copy of the said Notification is enclosed herewith for your information and necessary action.

Yours faithfully,

Enclosure: 02 (Two). (Md. Zakir Hossain Chowdhury) Deputy General Manager Phone: 9530250 Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka-1000.