Please refer to paragraph 8(a) and 8(e) of the Guidelines for Foreign Exchange Transactions-2009, Vol. II regarding reporting of import and export transactions under border trade arrangement between Bangladesh and Myanmar.
- In order to consolidate the transactions under border trade between Bangladesh and Myanmar with the entire transactions of import and export of the country, necessary amendments in the context of quantity, country, commodity and category in Schedule A-3/O-3 and Schedule E-5/P-5 (copy enclosed) have been effected.
- Amended Schedule A-3/O-3 and Schedule E-5/P-5 with a separate summary statement S-1 are required to be submitted to Bangladesh Bank, Chittagong Office. Another two sets (one for Statistics Department of Bangladesh Bank, head office) of the same statements/schedules are required to be submitted to the head office of respective authorized dealer banks. Before completion of the schedules, authorized dealers shall match information of Customs, Excise and VAT, Custom s Station, Teknaf, Cox’s bazar received in the reporting month with the foreign demand drafts and encashment certificates issued by them.
- While on reporting, statement S-1 shall be titled as “FOR TRANSACTIONS IN ALL CURRENCIES (EXCLUDING ACU DOLLAR AND ACU EURO) UNDER BORDER TRADE ARRANGEMENT BETWEEN BANGLADESH AND MYANMAR” and the name of schedule A-1/O-1 shall be replaced by A-3/O-3; and E-2/P-2 by E-5/P-5.
- The instructions as stated above will be applicable for reporting month of April 30, 2012.
Please confirm receipt and bring the matter to the notice of all concerned.
Encl. 1. Amended Schedule A-3/O-3
- Amended Schedule E-5/P-5