FEPD Circular No. 45: Advance Payment against imports-liberalization/relaxation

The limit for advance payments against admissible imports is increased from USD 5,000 to USD 10,000 or equivalent foreign currency. This change applies to Authorized Dealers in Foreign Exchange in Bangladesh and is effective immediately. Other existing instructions regarding this matter remain unchanged.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No.45 Date: 25/11/2019
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sir,
Advance Payment against imports-liberalization/relaxation Please refer to paragraph 27(1)(b), chapter-7 of the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1 in terms of which Authorized Dealers are allowed to effect advance payment up to USD 5,000.00 or equivalent other foreign currency against admissible imports. To facilitate import transactions, it has now been decided to enhance the aforesaid limit to USD 10,000.00 from USD 5,000.00 or equivalent other foreign currency. Other instructions in this context will remain unchanged. Please bring the instructions of this circular, effective immediately, to the notice of all concerned. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123

Lineage: Amended

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Timeline

Amended 1 time · last 2020-03-23

2020-03-23BBFEPD Circular No. 15: Advance Payment against imports of life saving drugs, etc.amends

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works