Question: What
are the requirement of opening Non-Resident Taka Account ?
Answer:
Ø
Without prior approval of Bangladesh Bank, Bank can not open any New
non-resident Taka account.
Ø
To open a new non-resident account- the application to be forwarded to
Bangladesh Bank for approval mentioning the following particular:
(i)
Application giving full name and permanent address
(ii)
The reason why the account is required
(iii)
The manner in which it will be kept in funds
Ø
However, a non-resident account may be opened without prior approval of
Bangladesh Bank for crediting the inward remittance, which is received through
banking channel or postal channel. In this case, funds credited represent the
proceeds of foreign currency and the same to be freely disbursed locally.
Question: Who
is Resident ?
Answer:
A person is presumed to be ordinary resident if he
maintains a home in Bangladesh
or resides in the country for a substantial part of each year or pays income
tax as resident Bangladesh.
Question: What
is Floating Exchange Rate?
Answer:
Floating exchange rate means conversion rate between
Dollar and Taka will be determined by Market.
Question: What are the prohibited goods for
export from Bangladesh
Answer:
Ø
Petroleum and petroleum products
Ø
Jute seed, Wheat Seed, pulse, Onion
Ø
Living animals and their limbs and skins of
wild lives of all species described in the Wild Life Conservation Ordinance
1973
Ø
Fire arms, ammunitions and related materials
Ø
Radioactive materials
Ø
Archeological relics
Ø
Human skull, blood plasma
Ø
Raw and wet blue leather
Ø
All kind of
bamboo, wood , cane
Question: What is HS Code?
Answer: Harmonization Code.
Question: What is LCAF stand for?
Answer: Letter of Authorization
Form.
Question:
What is UCPDC?
Answer:
Uniform Customs and Practice for Documentary Credits
Question:
What is URDG?
Answer:
Uniform Rules for Documentary Guarantee.
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