Regulatory Alerts2022-07-14
Added
Online reporting of import information to Bangladesh Bank web portal
Authorized Dealers must submit import information to the Bangladesh Bank Online Import Monitoring System 24 hours prior to opening letters of credit based on proforma invoices or purchase contracts. This reporting requirement applies to import values of USD 5.00 million and above, excluding imports by the Government, and must be finalized upon completion of the relative LC opening. The directive is effective immediately and applies to all Authorized Dealer branches, central trade processing centers, and offshore banking operations.
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