RegAlertRule · BB · 13 Dec 2022
FEPD Circular No. 36: Import transactions under usance terms
Authorized Dealers of Foreign Exchange in Bangladesh are permitted to process imports of edible oil, chickpea, pulse, pea, onion, spices, sugar, and date on usance terms for up to 90 days under supplier’s or buyer’s credit. This facility is authorized for the initiation of imports until March 31, 2023. Other relevant instructions regarding these transactions remain unchanged.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 36 Date: December 13, 2022
All Authorized Dealers (ADs) of
Foreign Exchange in Bangladesh
Dear Sirs,
Import transactions under usance terms
Please refer to paragraph 33(a), Chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1 and its subsequent circulars in terms of which specified items are permissible for import on deferred payment/usance basis.
02. To facilitate import transactions, it has been decided to allow import of edible oil,
chickpea, pulse, pea, onion, spices, sugar and date on usance terms on upto 90 days under supplier’s/buyer’s credit. This facility will remain applicable for initiation of imports till March 31, 2023. Other relevant instructions shall remain unchanged in this regard. 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
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- Guideline of 2018Not in RegAlert
“Please refer to paragraph 33(a), Chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1 and its subsequent circulars in terms of which specified items are permissible for import on deferred payment/usance basis.”
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