Regulatory Alerts2019-12-04
Added · Updated
FEPD Circular No. 46: Relaxation on Quarterly Repayment for imports under supplier's/buyer's credit
Bullet repayment is now permissible for the import of raw materials by industrial units for their own use under supplier’s or buyer’s credit, regardless of shipment value. This decision extends previous relaxations established in GFET-2018 and FE Circular No. 05 to cover these specific import transactions. Authorized Dealers of Foreign Exchange in Bangladesh are required to notify their concerned clientele of this change.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 46 Date: 04/12/2019 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Relaxation on Quarterly Repayment for imports under supplier’s/buyer’s credit. Please refer to Paragraphs 33(c) and 33 (d), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol.-1 and FE Circular No. 05, dated 09 January 2019 whereby bullet repayment has been made permissible for specified import transactions. 2. To bring further relaxation in import transactions, it has now been decided that bullet repayment will also be permissible for import of raw materials by industrial units for their own use under supplier’s/buyer’s credit regardless of shipment value . Please bring the contents of this circular to the notice of all your concerned clientele. Yours Faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123
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