Regulatory Alerts2024-11-19
Added
FEPD Circular No. 32: Submission of documents in support of import payments in advance, phase-out
Authorized Dealers (ADs) are no longer required to submit documents in support of import payments in advance as per paragraph 27(iii), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1. ADs must preserve these documents electronically and in paper for inspection by Bangladesh Bank when required. The relevant instruction in the GFET is amended accordingly, and this change is effective immediately.
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