Regulatory Alerts2019-01-09
Added · Updated
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.
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