Regulatory Alerts2018-07-18
Added · Updated
Submission of statement by Bangladeshi Private airlines operating in international routes
Bangladeshi private airlines operating in international routes must submit monthly statements using Annexures LA1 through LA4 to the Foreign Exchange Operation Department of Bangladesh Bank within 15 days of the following month. Airlines are required to make disbursements for bonafide transactions only from receipts at foreign ports and must regularly repatriate any excess collections, while applying for remittance of deficits or bonafide disbursements through the designated authorized dealer bank. The statements must be submitted through a single nominated Authorized Dealer bank branch, and airlines must comply with the instructions in Chapter-12 of the Guidelines for Foreign Exchange Transactions (GFET), 2018, Vol-1.
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