A circular by the central bank said the policy update follows the decision reached at the 186th meeting of the Scrutiny Committee on Foreign Loan/Supplier’s Credit of the Bangladesh Investment Development Authority (BIDA). The aim is to facilitate industrial growth.
”The usance tenure shall also be applicable to such imports by industrial enterprises operating in export processing zones or private export processing zones/economic zones/hi-tech parks and other areas designated as specialised zones by the government. However, usance period for import of spares will not be more than 360 days in all cases,” the circular added.
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