Regulatory Alerts2017-11-14
Added · Updated
SD Circular Letter No. 01: Instructions to follow the revised Unit Code lists (Code-9) for Reporting Merchandised Export/Import in Foreign Exchange Transactions
All approved dealers and banks are instructed to report the unit of measurement and quantity of merchandised exports and imports in foreign exchange transactions using the revised Unit Code list (Code-9) effective from January 2018. This requirement aims to improve data quality for the Balance of Payments (BOP) compilation and resolve inconsistencies in reporting. The revised list is attached to the circular for immediate implementation on all relevant schedule hard copies and soft copies.
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