Regulatory Alerts2014-11-11
Added · Updated
FEPD Circular No. 37: Capital Machinery Imports on 360 Days Deferred Payment Basis
Authorized Dealers are reminded that Letters of Credit for capital machinery imports on a deferred payment basis must be settled within 360 days without requiring further rollover of debt. Any LCs for capital machinery imports requiring payment periods beyond 360 days must be opened only against external borrowing proposals approved by the Board of Investment Scrutiny Committee. This directive applies to all Authorized Dealers of Foreign Exchange in Bangladesh.
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