Regulatory Alerts2017-02-14
Added · Updated
Validity of Letter of Credit Authorization Form (LCAF)
Authorized Dealers of Foreign Exchange in Bangladesh may effect remittances for import of capital machinery within 30 months of LCAF issuance without obtaining revalidation. Revalidation of LCAF is also not required for remittances against imports funded by foreign currency accounts maintained under general or special authorization from Bangladesh Bank. These instructions amend restrictions previously set in Paragraph 3(c), Chapter 7 of the Guidelines for Foreign Exchange Transactions-2009.
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