Is it possible to export without LC? What are the procedures?
16/05/16 at 2:44 pm
As per the Guidelines for Foreign Exchange Transaction, exports can be made without LC if there is a Sales Contract. In that case, the size, quantity and quality of the product has to conform to the conditions of the Sales Contract. Again, as per paragraph 4 under Chapter 8 of the said Guidelines, all exports to which the requirement of declaration applies must be declare don the EXP Form.
Note: For more information, please contact Bangladesh Bank.
[This is for informational purposes only. In case of contradiction of conflict with relevant Act/Rules, provisions mentioned
or referred to in the said Act/Rules shall prevail.]