Frequently Asked Questions (FAQs)
Question and Answer


Q. Should an AD open an LC for the period of beyond 360 days ? How an LC requiring payment periods beyond 360 days can be opened?


Answer:

LCs for capital machinery import requiring payment period beyond 360 days should be opened only against external borrowing proposals approved by the Board of Investment (BOI) Scrutiny Committee.


Reference/ Related Link

FEPD Circular 37, 2014.



Leave your Comments

Comment Policy

Disclaimer: The content of this website is developed for educational purpose only and not for providing any legal advice. The users should consult applicable guidelines/circulars of Bangladesh Bank and other regulatory bodies before making any business decision. While every effort is made to ensure accuracy of the information in this website, we assume no responsibility for any damages or losses to users resulting from any error/omission/inadvertent alteration in information provided by this website.