Regulatory Alerts2019-05-22
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FEPD Circular No. 24: Import of raw materials on deferred payment basis by power generating enterprises
The usance period for the import of raw materials on a deferred payment basis is enhanced from 180 days to 360 days for power generating enterprises only. This amendment applies specifically to Paragraph 33(a)(ii), Chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1. All other instructions regarding this matter remain unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 24 Date: 22 May 2019 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Import of raw materials on deferred payment basis by power generating enterprises Paragraph 33(a)(ii), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1 permits import of industrial raw materials on deferred payment basis on up to 180 days by industrial importers for their own use. To facilitate power sector industry, it has now been decided to enhance usance period up to 360 days from 180 days for import of raw materials in the case of power generating enterprises only. Other instructions in this regard shall remain unchanged. Please inform all your concerned constituents accordingly. Yours faithfully,
(Mohammad Khurshid Wahab) General Manager Phone: 9530123
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