ALLOCATION OF NEW CODES REGARDING INVISIBLE RECEIPTS (CODE-5) AND INVISIBLE PAYMENTS (CODE-7) FOR FOREIGN EXCHANGE REPORTING IN THE GUIDELINE TITLED “CODE LISTS FOR REPORTING OF EXTERNAL SECTOR TRANSACTIONS BY THE AUTHORIZED DEALERS”. REF: SD CIRCULAR NO. 01 DATED 27.02.2014.

Attention of the Authorized Dealers (ADs) is drawn to F.E. Circular No. 03 Dated February 04, 2013 regarding reporting of discounting of direct/deemed export bills credit, F.E. Circular No. 07 Dated February 16, 2014 regarding reporting of import transactions under buyers’ credits/suppliers’ credits and matching of bill of entry. And also regarding reporting of import related freights, insurance and other charges.

  1. In order to facilitate separate reporting for drawings, principal repayments and interest payments against discounting of direct/deemed export bills, new codes have been allocated in the chapter Invisible Receipts (Code-5) and Invisible Payments (Code-7) of the guideline titled “Code lists for reporting of external sector transactions by the authorized dealers” (New codes attached).
  2. In order to facilitate separate reporting for drawings, principal payments and interest payments against import transactions under buyers’ credits/suppliers’ credits/approved external credits, new codes have been allocated in the chapter Invisible Receipts (Code-5) and Invisible Payments (Code-7) of the guideline titled “Code lists for reporting of external sector transactions by the authorized dealers” (New codes attached).
  3. In order to facilitate separate reporting for import related freight, insurance and other charges against CFR based imports to account actual import costs, new codes have been allocated in the chapter Invisible Receipts (Code-5) and Invisible Payments (Code-7) of the guideline titled “Code lists for reporting of external sector transactions by the authorized dealers” (New codes attached).

All ADs have been requested to report to Bangladesh Bank as per the new codes allocated (Annexure-A, Annexure-B).

Please bring the contents of this circular to the notice of all concerned.

Source: https://www.bb.org.bd/mediaroom/circulars/sd/feb272014sd01e.pdf

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