BB brings all import rules under one master circular
Industry insiders have said the consolidation will improve clarity for importers and banks
The Bangladesh Bank has issued a master circular on import transactions, consolidating all existing instructions into a single reference document to streamline procedures and facilitate trade.
The circular, issued today (14 August), will remain effective for one year.
It includes areas related to letters of credit (LC) and remittance regulations, imports under sales contracts, supplier's and buyer's credit arrangements, software imports, inland LCs in foreign currency, and imports for Export Processing Zones (EPZs), Economic Zones, and Hi-Tech Parks.
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The circular also covers the import of precious metals, jewellery, and other specified items.
The move follows a similar master circular on exports issued last month.
Industry insiders said the consolidation will improve clarity for importers and banks, reduce procedural ambiguities, and align regulations with evolving global trade practices.
Business insiders have urged the central bank to adopt this model for other areas, including outward remittance, foreign borrowings, FDI guidelines and investment abroad to further enhance policy transparency and ease of doing business.
