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FAQs on Export
How export is defined in Foreign Exchange Regulations Act 1947?
Is it mandatory to have Exporters Registration Certificate (ERC) for all exporters?
What is an EXP Form?
Is it mandatory to declare all exports in EXP Form?
To whom is the EXP Form after declaration to be submitted?
Is it mandatory to put signature in all EXP Forms by the exporter?
In which cases will AD not issue EXP and report to BB?
Should an AD issue EXP where it comes to their knowledge that both the exporters and importers are same party or they belong to the same family?
How to issue and dispose EXP Forms ?
How long 2nd Original copy of EXP Form shall have to be preserved by AD?
Does AD need to submit the 2nd original EXP Form to BB?
What is the prescribed period within which payment against export should be received?
Who will be liable for delay in repatriation or non-realization of export proceeds?
What is the responsibility of the bank/bankers in case of non-repatriation/short realisation of export proceeds in time.
How many sets are in an EXP Form ?
What are the allowable Incoterms in export?
Is obtaining credit report mandatory in case of export?
What are the methods/term of payment against export?
For which items, time of realization of export proceeds can be up to 360 days?
Is usance or acceptance basis (DA) exports allowable?
What is the method of receiving payments against exports?
Is export proceeds can be received through exchange house ?
Is export allowed against advance receipts? What to do before paying money against remittances received from abroad for goods to be exported from Bangladesh?
What is "Advance Receipt Voucher (ARV)" ?
What are the extra formalities in case of shipment of goods against receipt of advance payments or confirmed and irrevocable LC?
In whose name should the title to the documents be made in case export through land route or by sea or by Railway?
In whose name should the title to the document be made in case of export through air ?
In which cases can the title to the documents be endorsed favouring the foreign importer by the AD?
What is an FCR?
What is HAWB?
Is blank endorsement of transport document (BL, Railway Receipts, etc.) allowed? Can an AD endorse the transport document to the order of consignee ?
What is the maximum allowable rate of deduction of commission, brokerage or other trade charges (other than books, journals, magazines) ?
What is the maximum allowable rate of deduction of commission, brokerage, trade charges, etc. for export of books, journals, magazines ?
How to scrutiny export documents as per BB’s instructions?
Is a small difference between the value stated on the EXP Form and the amount of the bill/invoice can be accepted by AD?
How to report overdue export cases?
How to report part drawings of export?
How to report partial receipt of advance remittance against export ?
How to handle short shipment?
How to handle shipment shut out entirely?
In case of shipment on FOB basis, is exporter allowed to pay freight in Bangladesh?
What is Proceed Realization Certificate (PRC)?
Why is PRC needed?
How many types of PRCs are used?