Regulatory Alerts2012-07-22
Added · Updated
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.
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