Regulatory Alerts2012-04-25
Added · Updated
FEPD Circular No. 05: Modification of Schedule E-5/P-5 and Schedule A-3/O-3 under Bangladesh-Myanmar Border Trade Arrangement
Amended Schedules A-3/O-3 and E-5/P-5, along with a separate summary statement S-1, must be submitted to the Bangladesh Bank Chittagong Office and the head offices of respective authorized dealer banks. Authorized dealers are required to match customs information from the Teknaf, Cox’s Bazar station with foreign demand drafts and encashment certificates before completing the schedules. Statement S-1 must be titled for transactions in all currencies excluding ACU Dollar and ACU Euro under the border trade arrangement, with Schedule A-1/O-1 replaced by A-3/O-3 and E-2/P-2 by E-5/P-5. These instructions apply to the reporting month of April 30, 2012.
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