RegAlertRule · BB · 9 Jan 2019
FEPD Circular No. 05: Repayment against imports under supplier's/buyer's credit - relaxation
Paragraph 33(c)(i) of Chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018 is amended to permit bullet repayment for imports under supplier's or buyer's credit with a usance period beyond six months but within one year. This relaxation applies specifically to imports amounting to USD 0.50 million or equivalent. The change allows Authorized Dealers in Foreign Exchange in Bangladesh to process these specific credit terms for smaller value imports.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
FE Circular No. 05 Date: 09 January 2019
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sirs,
Repayment against imports under supplier’/buyer’s credit – relaxation
Paragraph 33(c)(i), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol.-1 permits bullet repayment only on import financing for terms not exceeding six months, and only on shipments not exceeding USD 1.00 million or equivalent in value.
2. To facilitate import in small value, it has been decided that bullet payment will be
permissible for imports amounting to USD 0.50 million or equivalent under supplier’/buyer’s credit of goods admissible for usance period beyond 6 months but within one year. Please bring the contents of this circular to the notice of all your concerned clientele. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123
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Lineage: Amended
A newer document in RegAlert amends this one; it applies as amended.
The links and the sentences they come from (3)
- Amended by
- FEPD Circular No. 46: Relaxation on Quarterly Repayment for imports under supplier's/buyer's credit2019 · BB
“r to Paragraphs 33(c) and 33 (d), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol.-1 and FE Circular No. 05, dated 09 January 2019 whereby bullet repayment has been ma”
- Amends
- Guideline No. GFET-2018 of 2018Not in RegAlert
“Paragraph 33(c)(i), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol.-1 permits bullet repayment only on import financing for terms not exceeding six months”
- Basis for
“rmissible for imports amounting to USD 0.50 million for usance period beyond six months but within one year in terms of FE Circular No. 5 of January 09, 2019. 2. To facilitate importers in minimizi”
Timeline
Amended 1 time · last 2019-12-04
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