Regulatory Alerts2018-06-05
Added · Updated
FEPD Circular No. 13: Foreign Exchange Transactions by the Enterprises of Economic Zones (EZs) in Bangladesh
Transactions between enterprises in the Domestic Processing Area of Economic Zones and the Tariff Area of Bangladesh are settled in Taka without requiring export or import regulatory procedures such as EXP or IMP Forms. The restriction on Authorized Dealers using their own funds for import settlement is waived for these Domestic Processing Area enterprises, allowing liabilities to be paid from Taka accounts. Paragraphs 5 and 6 of Chapter 20 of the Guidelines for Foreign Exchange Transactions Vol. 1, 2018, regarding foreign exchange treatment remain unchanged.
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