Regulatory Alerts2015-09-21
Added · Updated
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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