Regulatory Alerts2017-04-11
Added · Updated
FEPD Circular No. 17: Repatriation of export proceeds
The permissible period for repatriating export proceeds against exports to EPZs or EZs via land route is calculated from the date of onboard land transport specified in the transport receipt, rather than the shipment date. Authorized Dealers must report this specific transport date as the 'date of shipment' when submitting EXP reports through the Bangladesh Bank online module. This clarification modifies the application of the four-month repatriation deadline previously prescribed under Paragraph 13 of Chapter 8 of the Guidelines for Foreign Exchange Transactions-2009.
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