Regulatory Alerts2017-07-20
Added · Updated
FEPD Circular No. 27: Import of rice on deferred payment or usance basis
Authorized Dealers in foreign exchange in Bangladesh are permitted to issue Letters of Credit against deferred or usance basis, or under buyer’s credit, for the import of rice with a term up to 90 days. This authorization is valid until December 31, 2017. Other instructions regarding this context remain unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd
FE Circular No.27 Date: 20 July, 2017 All Authorized Dealers in foreign exchange in Bangladesh
Dear Sirs, Import of rice on deferred payment or usance basis Please refer to paragraph 33(a), chapter 7 of the Guidelines for Foreign Exchange Transactions-2009, Vol-1 read with FE Circular No. 02, dated February 06, 2012 in terms of which import of specified goods is permissible against deferred or usance basis or under buyer’s credit. It has now been decided that LCs against deferred or usance basis or under buyer’s credit up to 90 days term for import of rice may be issued till December 31, 2017. Other instructions in this context shall remain unchanged. Please bring the content of this circular to the notice of all your concerned constituents.
Yours faithfully, (Md. Abdul Mannan) Deputy General Manager Phone: 9530319
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