Regulatory Alerts2021-03-22
Added
FEPD Circular No. 10: Import of Empty LPG Cylinder on deferred payment basis
The document amends the Guidelines for Foreign Exchange Transactions-2018 to allow industrial units in Bangladesh an usance period of up to 360 days for the import of empty LPG cylinders for their own use. This permission aligns with existing provisions for capital machinery and spares, specifically referencing paragraph 33(a)(i) of chapter 7. The directive applies to all Authorized Dealers in Foreign Exchange in Bangladesh and leaves other related instructions unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 10 Date: 22 March 2021 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Import of Empty LPG Cylinder on deferred payment basis. Please refer to paragraph 33(a)(i), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018 (GFET) in terms of which import of capital machinery and spares for own use by industrial importers is permissible on upto 360 days usance basis.
- To facilitate energy sector it has now been decided to allow usance period upto 360 days for import of empty LPG cylinder by industrial units for their own use. Other instructions in this regard shall remain unchanged. Please bring the contents of this circular to the notice of all your concerned constituents. Yours faithfully, (Md. Ali Akbar Faraji) General Manager Phone: 9530123