Dhaka: Bangladesh Bank (BB) today issued a master circular on import transactions, consolidating all existing instructions into a single reference document to streamline procedures and facilitate trade. The central bank said the circular will remain in effect for one year.
According to Bangladesh Sangbad Sangstha, the circular includes areas related to letters of credit (LC) and remittance regulations, imports under sales contracts, supplier’s and buyer’s credit arrangements, software imports, inland LCs in foreign currency, and imports for Export Processing Zones (EPZs), Economic Zones, and Hi-Tech Parks. The circular also covers the import of precious metals, jewellery, and other specified items.