FEPD Circular No. 22: Business-to-Consumer export through sales orders received on internet

Authorized Dealers providing acquiring services must accept electronic declarations submitted by exporters via the Bangladesh Bank online reporting portal for repatriating proceeds from Business-to-Consumer exports on E-Commerce websites. This acceptance applies to exports of goods up to USD 5,000 executed on E-Commerce websites under CFR terms, as previously permitted under FE Circular No. 17 dated 11 June 2018. All other relevant instructions contained in FE Circular No. 17/2018 pertaining to Business-to-Consumer export remain unchanged.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 22 Date: 19 May 2019
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sirs,
Business-to-Consumer export through sales orders received on internet Please refer to FE Circular No. 17, dated 11 June 2018 permitting Authorized Dealers (ADs) to realize export proceeds against sales orders of exportable goods upto USD 5,000 executed on E-Commerce website and allow shipments on CFR terms with transport documents in the name of foreign buyers. Bangladesh Bank, vide FE Circular No. 17, dated 23 April 2019, has introduced electronic option to submit EXP Form, with flexibility of necessary amendments by exporters through Bangladesh Bank online reporting portal for export of goods prior to customs formalities.
02. It has been decided that electronic declaration by exporters submitted in accordance
with FE Circular No. 17/2019 shall be acceptable to ADs providing acquiring services for repatriation of proceeds against export of goods concluded on E-Commerce website. All other relevant instructions contained in FE Circular No. 17/2018 pertaining to Business-to-Consumer export shall remain unchanged. Please bring the above instructions to the notice of all your concerned clientele. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123

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Lineage: In force

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Timeline

This document amends: Introduction of electronic option for EXP Form submission for export of goods from Bangladesh

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works