RegAlertRule · BB · 22 Jul 2012
FEPD Circular No. 07 : Inward Remittance --Declaration on Form C
The requirement for declaration on Form C for inward remittances is waived for amounts up to US$ 5000 or equivalent foreign currencies. This exemption applies to all inward remittances, including those sent by Bangladesh nationals working abroad, replacing the previous threshold of US$ 2000. Instructions contained in paragraph 10, chapter 5 of the Guidelines for Foreign Exchange Transactions (GFET)-2009, Vol-1 remain unchanged except for this threshold adjustment.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka.
Web site: www.bb.org.bd
FE Circular No. 07 Date: July 22, 2012
All Authorized Dealers of
Foreign Exchange in Bangladesh
Dear Sirs,
Inward Remittance – Declaration on Form C Attention of the Authorized Dealers (ADs) is invited to the paragraph 10, chapter 5 of the Guidelines for Foreign Exchange Transactions (GFET)-2009, Vol-1 in terms of which declaration on Form C is required against inward remittances (other than remittances sent by Bangladesh nationals working abroad) equivalent to US$ 2000 and above.
02. It has now been decided that declaration on Form C shall not be required for
inward remittance upto US$ 5000 or equivalent other foreign currencies. Other instructions contained in the above stated paragraph of GFET-2009 shall remain unchanged. Please bring the content of this circular to the notice of all concerned. (Md. Golam Haider) Deputy General Manager Phone: 9530092
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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 (2)
- Amended by
“and FE Circular No. 07, dated July 22, 2012 in terms of which declaration on Form C is required against inward remittances”
- Amends
- Guideline of 2009Not in RegAlert
“It has now been decided that declaration on Form C shall not be required for inward remittance upto US$ 5000 or equivalent other foreign currencies. Other instructions contained in the above stated paragraph of GFET-2009 shall remain uncha…”
Timeline
Amended 1 time · last 2015-09-21
- 2015-09-21
BBFEPD Circular No. 13 : Inward Remittance- Declaration on Form Camends
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