RegAlertRule · BB · 21 Sep 2015
FEPD Circular No. 13 : Inward Remittance- Declaration on Form C
Declaration on Form C is no longer required for inward remittances up to US$ 10,000 or the equivalent in other foreign currencies. This exemption applies to all inward remittances except those sent by Bangladesh nationals working abroad. Other instructions in paragraph 10 of chapter 5 of the Guidelines for Foreign Exchange Transactions (GFET)-2009, Vol-1, and FE Circular No. 07 remain unchanged.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
FE Circular No. 13 Date: 21 September, 2015
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 and FE Circular No. 07, dated July 22, 2012 in terms of which declaration on Form C is required against inward remittances (other than remittances sent by Bangladesh nationals working abroad).
02. It has now been decided that declaration on Form C shall not be required for inward
remittance upto US$ 10, 000 or equivalent other foreign currencies. Other instructions contained in the above stated paragraph of GFET-2009 shall remain unchanged.
03. Please bring the content of the circular to the notice of all concerned.
Yours faithfully,
(Jagannath Chandra Ghosh)
Deputy General Manager
Phone : 9530092
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The links and the sentences they come from (1)
- Amends
“and FE Circular No. 07, dated July 22, 2012 in terms of which declaration on Form C is required against inward remittances”
Mentions (2): 2 documents mention this one without changing it
- Referred to by
- FEPD Circular No. 12: Declaration on Form-C for inward remittance on account of ICT related services2017 · BB
“f ICT related services. However, declaration is not required for inward remittance upto USD 10,000 or equivalent as per FE Circular No. 13, dated September 21, 2015. In the context of inward remitta”
- FEPD Circular Letter No. 25: Inward remittance against export of services in non-physical form2015 · BB
“han remittances sent by Bangladesh nationals working abroad) exceeding USD 10,000 or equivalent other currencies as per FE Circular No. 13, dated September 21, 2015. 02. This is to clarify that inw”
Timeline
This document amends: FEPD Circular No. 07 : Inward Remittance --Declaration on Form C
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