RegAlert
2022-09-15

Added · Updated

Regulatory framework on repatriation of export proceeds and compliance thereof

Authorized Dealers in Bangladesh must observe instructions from FE Circular No. 30, dated August 16, 2017, and Circular Letter No. 31, dated December 02, 2019, when processing applications for cash incentives. Additionally, Authorized Dealers are required to comply with the instructions in paragraph 4(ii) at FE Circular No. 45, dated December 31, 2017, before submitting applications for EDF loans. These entities must adhere to the repatriation of export proceeds guidelines referenced in paragraph 13, chapter 8 of the Guidelines for Foreign Exchange Transactions-2018, Vol.1, prior to processing applications for relevant benefits.

Bangladesh Bank logo

Bangladesh

Bangladesh Bank

Scan of the document's first page
Share

Get BB alerts — same-day email on every new publication.

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 34 Date: September 15, 2022 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Regulatory framework on repatriation of export proceeds and compliance thereof Please refer to paragraph 13, chapter 8 of the Guidelines for Foreign Exchange Transactions-2018, Vol.1 (GFET) regarding repatriation of export proceeds within statutory period.
02. Authorized Dealers (ADs) need to observe the instructions contained at FE Circular
No. 30, dated August 16, 2017 and Circular Letter No. 31, dated December 02, 2019 for processing applications for cash incentives. Before submitting applications for EDF loans, ADs are required to comply with the instructions of paragraph 4(ii) at FE Circular No. 45, dated December 31, 2017. ADs are advised to adhere to the instructions regarding repatriation of export proceeds before processing of applications for availing relevant benefits. Yours faithfully, (Md. Sarwar Hossain) Director (FEPD) Phone: 9530123

Read the rest free

Lineage: In force

FEPD Circular No. 30: Considera…2017FEPD Circular No. 30: Consideration of applications for export subsidies/cash incentives during unrealized period of export proceeds (2017-08-16)Master Circular on Export Devel…2017Master Circular on Export Development Fund (2017-12-31)Regulatory framework onrepatriation of export procee…2022-09-15 · this documentRegulatory framework on repatriation of export proceeds and compliance thereof (2022-09-15)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

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

More like this from BB

We email you every new BB publication the day it's published.

Topics
fx

FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.