Regulatory Alerts2018-01-25
Added · Updated
FEPD Circular No. 02: New Market Exploration Assistance Against Advanced TT
The Foreign Exchange Department of Bangladesh Bank amends sub-paragraph (g) of FEPD Circular No. 22 (dated November 20, 2011) to allow New Market Exploration Assistance even when export proceeds are repatriated from a country different from the destination of the exported goods. This assistance is granted provided the exporter verifies the business relationship between the party issuing the export order and the importer or remitter of the export proceeds. The directive becomes effective from the date of issuance for cash assistance against shipped goods.
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