Regulatory Alerts2025-08-10
Added
FEPD Circular No. 32: Retention of export proceeds in foreign currency by Type B and Type C industrial enterprises of specialized zones
Authorized Dealers may allow Type B and Type C industrial enterprises in specialized zones to retain full repatriated export proceeds in a back-to-back settlement pool for payment until settlement occurs. The value-added portion retained in this pool must be used for import liabilities or other admissible payments within 30 days, after which unutilized funds can be transferred to other Authorized Dealers for similar use by exporters or their sister concerns. If funds remain unused after 30 days, at least 20 percent (25 percent for the garments sector) of total repatriation must be encashed into Taka before the remainder is transferred to the exporter's foreign currency account. Exporters not operating on a back-to-back basis may also retain proceeds for 30 days under similar encashment and transfer conditions.