Fex Regulation act and Policy order by Import

The present import practice has been evolved out of the older ones. However, it is important to mote that under the Imports and Exports (control) Act, 1950 the Government of Bangladesh formulates the Import policy through Ministry of Commerce and all concerned are compelled to meticulously follow the Import policy existing in the country. The existing Import policy (1997-2002) has come in to effect for June 14, 1998 to June 20 2002. Import activities are also regulated by the Foreign Exchange Regulation Act, 1947, consisting of 27 section and number of sub section. Notwithstanding the above, a few provision have been added under the Foreign Exchange regulation (Amendment) Ordinance, 1976 to control over certain payments, dealing in foreign exchange and the import and export of currency and bullion which are very important to know for us.

Above all, internal circulars and guidelines of our respective institutions are absolutely necessary to proceed on the activities..