FEPD Circular No. 02: New Market Exploration Assistance Against Advanced TT

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka-1000 Ref. No. FEPD Circular No. 02 Date: January 25, 2018

To All Approved Dealer Banks for Foreign Exchange Transactions

Dear Sir,

Subject: Provision of New Market Exploration Assistance Against Advanced TT and other means.

With reference to FEPD Circular No. 22 issued on November 20, 2011, on the subject cited above, it is informed that sub-paragraph (g) of the aforementioned circular is hereby amended as follows regarding the eligibility for cash assistance against advance export value received through TT:

''(g) New Market Exploration Assistance shall be provided even if the export proceeds are repatriated from a country different from the country to which the goods are exported, alongside the repatriation of the relevant export proceeds from that country. However, in such cases, it must be ensured regarding the business relationship between the party issuing the export order and the importer/remitter of the export proceeds for the exported goods.''

2. This directive shall be effective from the date of issuance of this circular for the provision of cash assistance against shipped goods.

All concerned parties are requested to take note of this matter.

Yours faithfully,

(Md. Abdul Mannan) Deputy General Manager Phone: 9530319