Rule · BB · 16 Mar 2020
This circular mandates that remittances sent by Bangladeshi mariners and aircraft pilots working for foreign shipping or airline companies (excluding government-owned entities) must be reported under Invisible Income (IDFB-5), specifically code IDFB-3020, in the relevant schedule of the Statistics Department. This reporting requirement applies to funds received as foreign income and remains in effect as per the Statistics Department's guidelines. Authorized dealers are instructed to inform all concerned parties about this specific reporting obligation.
Statistics Department
Bangladesh Bank
Head Office
Dhaka.
Ref. No. STD/CL/01
02, Chaitra 1426
STD Circular Letter No. 01 Date: ---------------- 16, March 2020
To:
All Approved Dealer Banks engaged in Foreign Exchange Transactions.
Dear Sir,
Subject: Reporting of Remittances Received as Foreign Income from Bangladeshi Mariners/Aircraft Pilots.
In accordance with the instructions issued by the Foreign Exchange Policy Department in its FE Circular Letter No. 08 dated 11 March 2020, cash assistance will be available against remittances sent through alternative channels as foreign income by Bangladeshi mariners/aircraft pilots employed in foreign offices of Bangladeshi shipping lines/airlines (excluding establishments owned by the Government of Bangladesh) and foreign shipping lines/airlines.
All concerned are requested to be informed about this matter.
Yours faithfully,
(Ashrafi Alam)
Deputy General Manager
Phone: 9530106
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“Mariners/Aircraft Pilots. In accordance with the instructions issued by the Foreign Exchange Policy Department in its FE Circular Letter No. 08 dated 11 March 2020, cash assistance will be available agai”
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