The Bangladesh Trade Portal (BTP) is an official source of all regulatory information relevant to traders who wish to import goods into Bangladesh or export to other countries. The Ministry of Commerce of the Bangladesh Government has established the Portal in order to improve the predictability and transparency of the countryís trading laws and processes.

BB eases use of ERQ for import payments

Updated on : 17-04-2018


BB eases use of ERQ for import payments

Bangladesh Bank has said the exporters would be allowed to pay the import payments of their subsidiaries or sister concerns from their export retention quota accounts.
The BB issued a circular to authorised dealer branches of all banks saying that from now on an exporter would be allowed to retain export proceeds in foreign currency for a period of 30 days to settle import payments of exporters’ subsidiaries within this time subject to observance of the instructions contained in paragraph 28(A)(ii) chapter 13 of Guidelines for Foreign Exchange Transactions.
The provision of the GFET instructed that ADs shall be satisfied that the fund will be used only for imports and repayment of
foreign loan of the exporters or their subsidiaries or sister concerns by other ADs and the fund is unencumbered. 
It also said that transfer will be executed through Foreign Demand Draft to be settled through BB clearing accounts of ADs and this instruction shall not be applicable for fund transfer and receipt in the same AD.
The exporter, earlier, allowed retaining export proceeds in foreign currency for a period of 30 days to settle import payments due within this time.

(Courtesy: New Age )



Most Recent News


Search All News

Displaying 91-100 of 234 result(s).
TitleCategoryCreated Date
Import/Export2019-01-27 11:25:38
Import/Export2019-01-27 11:18:30
Trade2019-01-10 11:09:19
Import/Export2019-01-10 10:54:40
Investment2019-01-02 17:21:19
Import/Export2018-12-19 15:14:11
Import/Export2018-12-13 13:10:59
Trade2018-12-03 11:12:31
Import/Export2018-12-03 11:03:56
General2018-11-29 13:24:17
Member Area

Search this Site
Contents

Download Trade Portal Apps

    

Search Trade Information 

 
 
Upcoming Events
Regarding participation in the ‚ÄúIndia International Mega Trade Fair (IIMTF)‚ÄĚ 2023-24 to be held in Kolkata, India from 15th December, 2023 to 01st January, 2024.
Start on (15-12-2023 00:00) at Kolkata, India

80th IM Intermoda 2024
Start on (16-01-2024 00:00) at Expo Guadalajara Exhibition Center, Mexico

Safecon Kathmandu Exhibition 2024
Start on (23-02-2024 00:00) at Kathmandu

See all events >>