2021-11-18

Added 2026-08-08

FEPD Circular No. 39: Repatriation of proceeds against service exports and method of receipts

The instructions regarding the repatriation of export proceeds within the statutory period and through permissible methods are clarified to apply equally to proceeds from service exports as defined under the Foreign Exchange Regulation Act, 1947. Service exporters may maintain notional or merchant accounts to repatriate income through Authorized Dealers in Bangladesh, subject to specific operational modalities for non-physical services. Retention of export proceeds abroad in any form, including equity, physical or virtual assets, or accounts in any currency including cryptocurrencies, constitutes a contravention of Section 5(1)(e)(i) of the FER Act, 1947 and is subject to cognizance under Section 23(1) of the said Act.

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