Regulatory Alerts2017-04-02
Added · Updated
FEPD Circular No. 15: Enhancement of Exporter's Retention Quota for ICT Services
ICT service exporters are permitted to retain 70 percent of their repatriated export receipts in Exporter's Retention Quota accounts, an increase from the previous 60 percent limit applicable to other service exporters. This directive, effective immediately, modifies the retention quota specifically for the ICT sector while leaving other existing instructions unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 15 Date: April 02, 2017 All Authorized Dealers in foreign exchange in Bangladesh Dear Sirs, Enhancement of Exporter’s Retention Quota (ERQ) for export of ICT services Please refer to FE Circular No. 05, dated May 27, 2015 in terms of which service exporters are permitted to retain 60 percent of repatriated export receipts in ERQ accounts. 02. To promote export of ICT services, it has now been decided that ICT related service exporters may retain 70 percent of their repatriated export receipts in ERQ accounts. 03. Other instructions in this context shall remain unchanged. Please bring the above instructions, effective immediately, to the notice of all your concerned constituents. Yours faithfully, (Md. Abdul Mannan) Deputy General Manager Phone: 9530319
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