4. Remittance of Consular Fees:
Consular fees collected by foreign embassies in Bangladesh Taka and deposited in a Taka Account maintained with an AD solely for this purpose may be remitted abroad without prior approval of Bangladesh Bank.
5. Remittance of evaluation fee:
Authorized Dealers without prior approval of Bangladesh Bank may remit evaluation fee on behalf of Bangladeshis desiring immigration to foreign countries for getting educational certificates of the person concerned evaluated by a foreign institution. A demand note of the foreign immigration authority is required for this purpose.
6. Travel:
Private travel quota entitlement of Bangladesh Nationals is set at US$3000/- per year for visit to countries other than SAARC member countries and Myanmar, Quota for SAARC member countries and Myanmar is US$1000/- for travel by air and US$100/-for travel by overland route. Authorized Dealers may release this travel quota in the form of foreign currency notes upto US$100/- or equivalent and balance exchange in the form of TCs or total quota in the form of TCs the annual quotas mentioned above are for adult passengers. Fore minors (Below 12 year in age) the applicable quota will be half the amount allowable to adults. Authorized Dealers may release above travel quota without prior approval of Bangladesh Bank subject to observation and satisfaction of following points-
7. Health & Medical:
Authorized Dealers without prior approval of Bangladesh Bank may release foreign exchange upto US$10,000/- for medical treatment abroad on the basis of the recommendation of the medical Board set up the Head Directorate and the cost estimate of the foreign medical institution.
Applications for release of exchange exceeding US$10,000/- should be forwarded along with supporting documents to Bangladesh Bank for prior approval.
8. Seminars & workshops:
Without prior approval of Bangladesh Bank AD may release US$200/- per diem and US$210/- per diem to the private sector participants for attending seminars, conferences and workshops organized by recognized International bodies in SAARC member countries or Myanmar and in other countries respectively for the actual period of the seminar/workshop/conference to be held on this basis of invitation letters received in the names of the application or their employer institutional.
9. Foreign Nationals:
The Authorized Dealers may issue foreign currency TCs to foreign nationals without any limit and foreign currency notes upto US$300/- or equivalent per person against surrender of equivalents amounts in foreign currencies. The TCs and foreign currency notes should however, be delivered only on production of ticket for a destination outside Bangladesh and the amount issued should be endorsed on the relative passports.
10. Remittance for Haji:
Authorized Dealers may release foreign exchange to the intending pilgrims for performing Hajj as per instructions/circulars to be issued by the Bangladesh Bank each year.
B. Official & Business Travel:
1. Official Visit:
For official or semi officials visits abroad by the officials of govt., Autonomous/Semi-autonomous institutions etc., Authorized Dealers may release foreign exchange as per entitlements fixed by the Ministry of Finance from time to time, In such cases, the applicant for foreign exchange shall be required to submit the sanction letter and the competent authority’s Order/Notification/Circular authorizing the travel.
2. Business Travel Quota for New Exporters:
Upto US$6,000/- or equivalent may be issued by an AD without prior approval of Bangladesh Bank to a new exporter for business travel abroad, against recommendation letter from Export Promotion Bureau, Bonafide requirement beyond US$6000/- is accommodated by Bangladesh Bank upon written request through an AD with supporting documents.
3. Business Travel Quota for Importers and Non-exporting producers:
I) Subject to annual upper limit of US$1000/- importers are entitled to a business travel quota @ 1% of their imports settled during the previous financial year.
ii) Subject to annual upper limit of US$1000/- non exporting producers for the local markets are entitled to a business travel quota @1% of their turnover of the proceeding financial year as declared in their tax returns.
The same business organization engaged in imports as well as production shall however; draw business travel quota entitlement only on one count.
4. Exporters’ Retention Quota:
I) Merchandise exporters may retain upto 40% of realized FOB value of their exports in foreign currency accounts. However, for exports of goods having accounts. However, for exports of goods having high import content (such as readymade garments, POL products including naptha, furnace oil bitumen, electronic goods etc.,) the retention quota is 7.1% of the repatriated FOB value.
Funds from these accounts can be used to meet bonafide business expenditure, such as business visits abroad, participation in export fairs and seminars, establishment and maintenance of office abroad, import of raw materials, machinery and spares etc. without prior approval of Bangladesh Bank.
Exporters may at their option, retain the foreign currency in interest bearing renewable term deposit accounts with Authorized Dealers in US Dollar, Pound Sterling DM or Japanese Yen with a minimum account of US$2000 or Pound 1100/-
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