FEPD Circular No. 32: Extension of usance period against imports of industrial raw materials

The usance period for imports of industrial raw materials, including back-to-back imports, and imports of agricultural implements and chemical fertilizers under supplier’s or buyer’s credit is extended until June 30, 2023. This extension applies to the policy supports previously contained in FE Circular No. 18 dated July 20, 2022, which increased the usance period to 360 days. The extended usance period remains inapplicable for imports under EDF loans, and all other relevant instructions remain unchanged.

Get BB alerts — same-day email on every new publication.

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 32 Date: November 16, 2022
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sirs,
Extension of usance period against imports of industrial raw materials Please refer to FE Circular No. 18, dated July 20, 2022 regarding extension of usance period to 360 days from 180 days for imports of industrial raw materials including back to back imports, and imports of agricultural implements and chemical fertilizers under supplier’s/buyer’s credit as per paragraph 33(a)(ii) and 33(a)(iv), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol.-1.
02. Given the ongoing situation, it has been decided to extend the policy supports
contained in FE Circular No. 18/2022 till June 30, 2023. As usual, the extended usance period will not be applicable for imports under EDF loans. Other relevant instructions shall remain unchanged. ADs are advised to bring the contents of this circular to the notice of their customers. Yours faithfully, (Md Sarwar Hossain) Director (FEPD) Phone: 9530123

Read the rest free

Lineage: Amended

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 2023-06-26

2023-06-26BBExtension of usance period against imports of industrial raw materialsamends

This document amends: FE Circular No. 18: Extension of usance period of import of industrial raw materials

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