Regulatory Alerts2018-06-28
Added · Updated
FEPD Circular No. 19: Amendment in Form of Undertaking
The Foreign Exchange Policy Department of Bangladesh Bank has amended the form of undertaking required from importers for making advance payments for permissible goods and services. This updated form, detailed in Appendix 5/15 of the Guidelines for Foreign Exchange Transactions (GFET) 2018, Vol-1, must be furnished by importers to declare that remitted funds are used solely for specified imports and to commit to providing documentary evidence, such as the Customs Bill of Entry and supplier's invoice, within the stipulated time. Authorized Dealers in Foreign Exchange in Bangladesh are instructed to implement this amended form in accordance with Chapter 7, Paragraph 27 of the GFET.
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