Import Business of Islamic Bank Import Business : All Islamic bank of Bangladesh runs their import business is mainly divided into the following three categories: i) Import of Commercial goods. ii) Import of raw materials for production purpose. iii) Import of capital / machineries. The importers avail of investment facilities […]
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How To Begin Export in India The first step for new entrant is to identify the product or products which he intends to export. Before considering the product, one might begin by considering why to get involved with exports, at all. One may have the following objects for starting the […]
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Lodgement Of Import Documents Lodgment of Import Documents refers to the process of submitting all necessary import-related documents to the concerned authorities or banks for clearance, payment, and release of imported goods. It’s a critical step in international trade, ensuring that all legal, financial, and regulatory requirements are properly met. […]
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How to import and Export through L/C Key point of Discussion Workshop on “ How to import and Export through L/C ” General Concept About Foreign Exchange Operation Concept of Foreign Exchange Local Regulation for Foreign Exchange Foreign Exchange Regulation Act Guideline for Foreign Exchange Transaction Foreign Exchange Circular Export […]
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Export Development Fund (EDF) Export Development Fund (EDF) is a special credit window created by Bangladesh Bank to provide short-term finance in foreign currency for import of raw materials by opening L/C at sight by the export oriented garment industries. At the request of the Bangladesh Government with a view […]
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Sample of SWIFT Letter of Credit Sender: SOCIAL ISLAMI BANK PLC (PRINCIPAL BRANCH, DHAKA) BANGLADESH . receiver: ICICI BANK LIMITED (GLOBAL TRADE SERVICES UNIT-MUMBAI) IN . 27: Sequence of Total 1/1 40A: Form of Documentary Credit IRREVOCABLE 20: Documentary Credit Number 120209020060 31C: Date of Issue 090915 40E: Applicable Rules […]
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Import and Export Financing Legal framework of International Trade: i. Import & Export (Control) Act –1950 (Sub Section 1 of Section 3) Import Policy Order Export Policy ii. Foreign Exchange Regulation Act (FERA)-1947 iii. Guidelines for Foreign Exchange Transactions (GFET): Vol – I & Vol – II iv. Directives of […]
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What is Outward Remittance? Foreign Outward Remittance: Foreign currency being made out abroad may be termed as foreign outward remittance. Purpose of outward remittance are: a) Import Bills Payment b) Payment against Contract or Agreement c) Travel d) Education e) Treatment f) Membership fees g) Fees for Application h) Examination […]
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Pre-Shipment Inspection (PSI) Legal Framework: Pre-shipment Inspection Rules – 2002 (SRO No. – 255-AIN/2002/1973/Shulka, Dated 19-09-2002 which replaces Pre-Shipment Inspection Order – 1999, Dated 19-10-1999) Amendment of Pre-shipment Inspection Rules–2002 (SRO No. 38-AIN/2008/2188/Shulka, Dated 05-06-2008) Circular regarding exemption from mandatory pre-shipment inspection (SRO No. 193-AIN/2010/2311/Shulka, Dated 10.06.2010) Customs Act-1969 Import […]
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Discuss the factors influencing Foreign Direct Investment in a country like Bangladesh. Factors influencing Foreign Direct Investment in a Country: Foreign Direct Investors look into various factors before making investment decision in a country. After 1990, in India, the government adopted a New Economic Policy which promoted the policy […]
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Step by step Export Procedure How to Export Steps to Export from Exporter side: 1) To open an account with a Bank. 2) To be collect ERC (Export Registration Certificate) from CCI & E. 3) To collect TIN from Bangladesh Revenue Board. 4) To collect Export L/C / Transferable Export […]
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ISBP-International Standard Banking Practice The ISBP is a checklist of best practices worldwide for checking documents under the UCP, ICC’s universally used rules on letters of credit. Because the UCP rules are general in nature, it was necessary to define in greater detail the term “international standard banking practice”, first […]
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What is Letter of Credit ? Type and Parties involved WHAT IS LETTER OF CREDIT? L /C is an undertaking given by a Bank on behalf of its customer to pay a certain sum of money to a certain person ( Beneficiary ) on the fulfillment of certain terms and […]
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Definition of International Trade What is foreign Trade or International Trade? Answer: Foreign trade is nothing but trade between the different countries of the world. It is also called as International trade, External trade or Inter-Regional trade. It consists of imports, exports and entrepot. The inflow of goods in […]
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The Ultimate Guide To The Swap Market Exchange rate instability and the collapse of the Bretton Woods System and particularly the control over the movement of the capital internationally paved the way for the origin of the financial swaps market. Today swaps are at the center of the global financial […]
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