FEPD Circular No. 09: Screening of underlying import shipments through vessel/container tracking

Authorized Dealers in Foreign Exchange in Bangladesh must conduct tracking of shipments for relevant import transactions to ensure the onboard of imported goods. This requirement is effective immediately and applies to all Authorized Dealers. The instruction supplements existing mandatory screening of export shipments and leaves other relevant trade transaction instructions unchanged.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 09 Date: May 17, 2022
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sirs,
Screening of underlying import shipments through vessel/container tracking Please refer to paragraph 19(i), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1 (GFET) regarding import payments. You are also aware that screening of underlying export shipments through vessel/container tracking system recognized by competent authority has been made mandatory through FE Circular No.07, dated April 20, 2022.
02. It has now been decided that to ensure onboard of import of goods Authorized
Dealers (ADs) shall conduct the tracking of shipments for relevant import transactions. Please bring the above instructions, effective immediately, to the notice of your constituents concerned. Other relevant instructions regarding trade transactions shall remain unchanged. Yours faithfully, (Kazi Rafiqul Hassan) General Manager Phone: 9530123

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Lineage: In force

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Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works