Regulatory Alerts2016-08-04
Added · Updated
FEPD(Import Policy)/115/2016-22: Export Bill Discounting Facilities for Type C Companies Working at Export Processing Zone
The document notifies authorized dealer banks that export bills of Type C companies operating in Export Processing Zones may be discounted in foreign currency, in accordance with the guidelines for foreign exchange transactions-2009 and circular FE PD(Import Policy)-03 dated 04/02/2013. This directive confirms the application of existing rules without altering any other current regulations or arrangements regarding foreign exchange transactions.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka-1000 Ref. No. FEPD(Import Policy)/115/2016-22 20 Sraban 1423 Circular Letter No. FEPD(Import Policy)/115/2016-22 Date: ----------------- 04 August 2016
To, All Authorized Dealer Banks engaged in Foreign Exchange Transactions Head Office / Principal Office
Dear Sir,
Regarding the provision of foreign exchange export bill discounting facilities to Type C companies operating in Export Processing Zones.
Reference is drawn to your attention to the instructions in Section 23, Chapter 16, Volume 1 of the Guidelines for Foreign Exchange Transactions-2009.
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It is hereby informed that, following the rules and regulations specified in the aforementioned section of the Guidelines, export bills of EPZ-based Type C companies may be discounted in foreign currency under the purview of Circular FE PD-03, dated 04/02/2013.
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All other existing rules/measures regarding this matter shall remain unchanged.
All concerned parties are requested to be informed accordingly.
Yours faithfully,
(Md. Zakir Hossain Chowdhury) Deputy General Manager Phone: 9530250
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