Foreign Exchange Policy Department
Date: 21 September, 2015
All Authorized Dealers of
Foreign Exchange in Bangladesh
Inward Remittance – Declaration on Form C
Attention of the Authorized Dealers (ADs) is invited to the paragraph 10, chapter 5 of the Guidelines for Foreign Exchange Transactions (GFET)-2009, Vol-1 and FE Circular No. 07, dated July 22, 2012 in terms of which declaration on Form C is required against inward remittances (other than remittances sent by Bangladesh nationals working abroad).
2.It has now been decided that declaration on Form C shall not be required for inward remittance upto US$ 10, 000 or equivalent other foreign currencies. Other instructions contained in the above stated paragraph of GFET-2009 shall remain unchanged.
3. Please bring the content of the circular to the notice of all concerned.
(Jagannath Chandra Ghosh)
Deputy General Manager
Phone : 9530092