Submission of statement by Bangladeshi Private airlines operating in international routes

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
FE Circular No.21 Date: July 18, 2018
All Authorized Dealers (ADs) of Foreign Exchange in Bangladesh & All Bangladeshi Private Airlines operating in International Route Dear Sirs, Submission of statement by Bangladeshi Private airlines operating in international routes. In exercise of the powers under Section 20(3) of the Foreign Exchange Regulation (FER) Act, 1947(as amended upto 09 September, 2015), Bangladeshi private airlines operating in international route are hereby instructed to submit monthly statement as per Annexure –LA1, LA2, LA3 and LA4 attached with this circular to Foreign Exchange Operation Department of Head Office/concerned area office of Bangladesh Bank within 15 days of the following month.
2) Bangladeshi private airlines can make disbursement in respect of bonafide transactions
only out of their receipts at foreign ports and they are under the obligation of regular repatriation of the excess collection if any. They should make an application to the Foreign Exchange Operation Department, Head Office, Motijheel, Dhaka/concerned area office of Bangladesh Bank for remittance of the deficit or for meeting bonafide items of the disbursement. They are also instructed to comply with the instructions contained in Chapter-12 of Guidelines for Foreign Exchange Transactions (GFET), 2018, Vol-1 and related circulars/circular letters for booking of passage/freight.
3) The Statements should be submitted through one nominated AD bank branch only.
Prior approval from Bangladesh Bank is not required for changing the nominated AD. However a statement certified by the existing nominated AD with regard to remittances made up to date is to be forwarded to the proposed new nominated AD. ADs are advised to bring the above instructions effective immediately, to the notice of all concerned clientele. Yours faithfully, Enclo: as stated. (Md. Enamul Karim Khan) Deputy General Manager Phone: 9530298

Annexure-LA1
Statement showing passage and freight collections and disbursements made by overseas
branch office/Agent ..................... in .......................during the month of .....................
Instructions:

1. The statement should be completed in duplicate and forwarded to Foreign Exchange Operation
   Department at head office of Bangladesh Bank or concerned area office through the designated authorized dealer bank with whom the local airline maintains account in Bangladesh, before 15th day of the month succeeding the one to which it relates.
2. The statement should be submitted irrespective of whether remittance of deficit funds, if any, is
   intended to be applied for or not.
   No. of Tickets/ Amount
   AWBs issued Taka USD
3. Passage fares
   Total of (1)...
4. Freight
   (a) On Exports
   (b) On Imports
   (d) Excess/unaccompanied baggage
   (f) Others
   (Please specify)
   Total of (2)...
5. Realization against credit booking
   during the month
   (a) Passage
   (b) Freight Exports
   (c) Freight Imports
   Total of (3)...
6. Other receipts, if any (Please give details)
7. Total receipts for the month
   (1) + (2) + (3) + (4)
8. Less: (a) Refunds
   (i) Passage
   (ii) Freight – Exports
   (iii) Freight - Imports
   (b) Outstanding
   (i) Passage
   (ii) Freight – Exports
   (iii) Freight - Imports
   (c) Disbursements
   (give main particulars in a supplementary statement) Total of (6)...
9. Net Surplus (+)/Deficit(-) for the month
10. (a) Less: remittances received
    during the month from the branch
    /agent abroad
    (b) Add: remittances made during the month vide Bangladesh Bank
    approval No...........
    (c) Net Surplus/deficit
    (d) Add/deduct net surplus/deficit as at the close of previous
    month.............
11. Net Surplus (+)/Deficit (-)as at the end of
    We hereby declare that the statements made above are true and correct to the best of our knowledge and belief. Continued.. Page-2

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We further declare that -
(i) the freight and passage fare collections have been made by our branch/agent in conformity with the relevant regulations of the country of operations; (ii) apart from the collections/receipts mentioned against items 1, 2, 3 and 3 of this statement, no other income has been derived in ................by our branch/agent (name and address) during the said month; We also declare and undertake that (v) all relevant records in support of the collections/disbursements reported in this statement are held by us and will be made available for inspection by Bangladesh Bank as and when demanded; (vi) discrepant amounts noticed during the scrutiny of the statement/documents or short repatriation of the entitlement will be brought to Bangladesh immediately by inward remittance in convertible foreign currency in an approved manner. Place:
Stamp (Signature of the Chief Executive of
Date : the local Airline Company in
Bangladesh)
Name:
Designation:

Annexure-LA2
STATEMENT OF PASSAGES SOLD/TICKETS ISSUED IN BANGLADESH Name of the Airline :
Reporting Month :
1 2 3 4 5 6 7 8 9 10
Particulars of passport/pilgrims pass
Serial
No.
Ticket No. and date of issue
Nationality
&whether resident of
Bangladesh or non-resident
Date of
Departure
Destination to which travelling
Route of journey
Date No. By whom granted If sanction of the
Bangladesh Bank obtained on Form P, quote the reference of the sanction Amount Remarks 1 2 3 Total I/We declare that the passengers whose particulars are given above actually travelled on due date shown in column No. 4 and the above passages have been properly recorded in our books. Date: Signature and Stamp of the Airline.

Annexure-LA3
Statement of Freight Collection (Export from Bangladesh) Name of the Airline :
Reporting Month :
1 2 3 4 5 6 7 8 9 10 11 12 13
Serial
No.
Master Airway
Bill (MAWB)
No. & Date
Port of
Sailing
Port of
Destination
EXP No. with Date
& Bank
Product(s) Weight Name &
Address of
Consignee
Name &
Address of
Consignor
Freight
Prepaid/
Freight
Collect
Currency of Freight
Amount of Freight in Local
Currency(
Taka)
Amount of Freight in Foreign
Currency
Total
I/We hereby declare that to the best of our knowledge the above figures are correct and have been properly recorded in our books. Date: Signature and Stamp of the Airline

Annexure-LA4
Statement of Freight Collection (Import to Bangladesh) Name of the Airline :
Reporting Month :
1 2 3 4 5 6 7 8 9 10 12 13
Serial
No.
Master Airway
Bill (MAWB)
No. & Date
Port of
Sailing
Port of
Destination
Product(s) Weight Name &
Address of
Consignee
Name &
Address of
Consignor
Freight
Prepaid/
Freight
Collect
Currency of
Freight
Amount of
Freight in
Local
Currency(
Taka)
Amount of
Freight in
Foreign
Currency
Total
I/We hereby declare that to the best of our knowledge the above figures are correct and have been properly recorded in our books. Date: Signature and Stamp of the Airline/Agent.