Frequently Asked Questions (FAQs)
Question and Answer


Q. Which items do not require LC but require LCAF to import from abroad?


Answer:

The following items do not require LC but require LCAF to import from abroad:

*Quickly perishable food items worth US dollar Fifty Thousand via Teknaf Customs Station, essential food items worth US Dollar Ten Thousand via other land custom stations (each consignment);

*Raw materials used in industry and capital machinery to be imported by industrial importer irrespective of price limit;

*Import of books, journals, magazines and periodicals on sight draft or usance bill basis;

*Import of any permissible item for an amount not exceeding US Dollar 2.0 lac during each year by commercial importer; but in case of Myanmar---

(1) Import of rice , pulse, maize, beans, ginger, garlic, soyabin oil, palm oil, onion and fish items valued not exceeding 50,000/- (fifty thousand ) US dollar in a single consignment and other items valued 30,000/-(thirty thousand) US dollar and

(2) Import of rice under Public Sector valued up to US dollar two million in a single consignment shall be importable without L/C and in this case above mentioned annual ceiling of USD 2.0 lac shall not be applicable.

*Import under commodity aid, grant or such other loan for which there are specific procurement procedures for import of goods without opening any L/C: and

*Import of “international chemical references” through Bank drafts by recognised pharmaceutical industry on the approval of Director, Drugs Administration for the purpose of quality control of their products.


Reference/ Related Link

Para 8(3) of Import Policy Order,  2015-18  
Para 8(4), Import Policy Order 2015-2018



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.