Bangladesh Bank on Wednesday directed the authorised dealers of foreign exchange to make sure that the importers acquire the pre-shipment inspection certification of the coal they want to import before opening an LCs.The directive came in the wake of complaints about the violation of the Import Policy Order 2012-15 in coal imports.
The concern was raised in a circular issued by the Foreign Exchange Policy Department (FEPD) of Bangladesh Bank.
The said the dealer banks of foreign exchange must make sure that the coals are certified as having no more than 3 percent sulphur as is required by the Import Policy Order 2012-15, the circular added. (Source: UNB)
