Regulatory Alerts2020-04-12
Added · Updated
Quarterly repayment for imports under supplier's/buyer's credit - relaxation
Bullet repayment is now permissible for usance imports under supplier’s/buyer’s credit admissible in accordance with paragraph 33(a), chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1. This expands on existing provisions for bullet repayment applicable to specified import transactions and imports up to USD 0.50 million for usance periods beyond six months but within one year. This permission is effective until September 30, 2020, and Authorized Dealers in Bangladesh must notify their concerned clientele.
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