Regulatory Alerts2022-09-15
Added
FEPD Circular No. 23: Import of raw materials for pre-fabricated steel structure industries on deferred payment basis
The usance period for the import of raw materials on a deferred payment basis is enhanced from 180 days to 360 days specifically for pre-fabricated steel structure industries. This amendment applies to industrial importers within this sector for their own use, while other instructions regarding such imports remain unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No.23 Date: September 15, 2022 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Import of raw materials for pre-fabricated steel structure industries on deferred payment basis Please refer to paragraph 33(a)(ii), chapter 7 of the Guidelines for Foreign Exchange Transactions(GFET)-2018 in terms of which import of industrial raw materials on deferred payment basis for their own use by industrial importers is permissible on up to 180 days.
- To facilitate pre-fabricated Steel Structure industries it has now been decided to enhance usance period up to 360 days from 180 days for import of raw materials by these industries only. Other instructions in this regard shall remain unchanged. Please bring the contents of this circular to the notice of all your constituents concerned. Yours faithfully, (Md. Sarwar Hossain) Director(FEPD) Phone: 9530123