Foreign Remittance
Foreign Remittance Definition: Remittance represents transfer of fund from one place to another through official channel. Foreign Remittance: Foreign Remittance refers remittance of Foreign currency that are received in and…
Foreign Exchange Regulation (FER) Act, 1947 (Act No. VII of 1947)
Foreign Exchange Regulation (FER) Act, 1947 (Act No. VII of 1947) CONTENTS SECTIONS 1. Short title, extent and commencement 2. Interpretation 3. Authorised dealers in foreign exchange 4. Restrictions…
Establishing an Export Office
Establishing an Export Office As soon as a company starts to obtain export business, some form of export office will be required along- with a system under which it should…
What is IRC and ERC?
What is IRC and ERC? IRC and ERC: Required papers / documents to obtain Import Registration Certificate (IRC) Import Registration Certificate (IRC) and Export Registration Certificate (ERC) are issued by…
How many Parties are involved in Letter of Credit (LC)
How many Parties are involved in Letter of Credit (LC) There are mainly 6(six) parties involved in a letter of credit which may be summed up as under: a) Opener:…
Impact of Foreign Exchange Rate in International Business
Impact of Foreign Exchange Rate in International Business Foreign exchange rates play a crucial role in international business transactions. The fluctuation of these rates can have a significant impact on…
How to Obtain Import Registration Certificate (IRC) in Bangladesh?
How to Obtain Import Registration Certificate (IRC) in Bangladesh? Introduction What is an Import Registration Certificate (IRC)? Importance of Import Registration Certificate (IRC) Eligibility for obtaining an Import Registration Certificate…
What types of credit facilities are provided by the banks to the exporters in Bangladesh?
What types of credit facilities are provided by the banks to the exporters in Bangladesh? Export plays a dominant role in the economy of our country. In the export…
What do you know about Asian Clearing Union (ACU)?
What do you know about Asian Clearing Union (ACU)? Asian Clearing Union (ACU) Asian Clearing Union (ACU) is a payment arrangement whereby the participants settle payments for intra-regional transactions among…
What are the objective of Exchange control of Bangladesh?
What are the objective of Exchange control of Bangladesh? Answer: Objectives of Exchange Control: (i) Protection of Balance of Payments. One of the important objectives of exchange control is protection…