Regulatory Alerts2023-08-09
Added
SPA Circular No. 03: Generation of Freight Charge Information via OEMS and OIMS
Authorized Dealers must generate Form FF-Export Prepaid and Form FF-Import Collect using the Bangladesh Bank Online Export Monitoring System (OEMS) and Online Import Monitoring System (OIMS), respectively, replacing the previous manual certificate issuance. Exporters and importers are required to provide these forms to freight forwarders, airlines, or shipping companies to support freight charges received in local currency. These entities must then submit the forms to the designated Authorized Dealer when remitting surplus earnings or freight charges abroad. This directive is effective immediately and leaves other instructions in the Guidelines for Foreign Exchange Transactions (GFET), 2018 unchanged.
Topics
fx
payments
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