Regulatory Alerts2022-10-10
Added
FEPD Circular Letter No. 36: Price verification of import transactions
Authorized Dealers in Bangladesh are advised to adhere to regulatory parameters for verifying import prices and price competitiveness in light of prevailing global commodity market trends. This guidance reinforces the requirement for Authorized Dealers to verify prices of relative goods against international market rates or similar contemporary imports before initiating transactions. Authorized Dealers must also comply with extended due diligence measures, including provisions of the Import Policy Order, supplier credit reports, and KYC and AML/CFT standards.