Checklist of Foreign Exchange Transactions

Import:
1. Approval from Head Office(if required)
2. IRC checking/original copy of IRC/genuineness and its validity/checking payment of IRC fees.
3. Putting IRC fees.
4. Entitlement of IRC on IMP
5. Validity of Indent/Proforma Invoice
6. Renewal of the expired indent by the indentor.
7. Indent/Proforma Invoice signed by the Importer and indentor/supplier.
8. Copy of Trade license.
9. Certificate from chamber of commerce and Industries/Trade Association
10. TIN/VAT registration

11. Any other document if required by CCI&E
12. LC application and LCAF properly, correctly and completely filled, stamped & signature of the importer verified properly.
13. Stamp and signature of A/D on the back of exchange monitoring purpose copy of LCAF
14. Reporting of remittance should be ensured on LCAF with related IMP form number.
15. FC payment not exceeding LCAF value.
16. Endorsing seal of FC on the back of LCAF with proper seal/signature of AD
17. Permission of Bangladesh Bank against remittance of excess value of the LCAF (if any)
18. Disposal of fully utilized or unutilized LCAF.
19. Bangladesh Bank registration number correctly reproduced in IMP
20. Approved Margin properly retained.
Amendment:
1. Obtain written application from the applicant of the credit duly signed and verified by the bank.
2. In case of  increase of value, application for amendment is to be supported by revised Indent/Proforma invoice up to the period of proposed extension.
3. In case of extension of shipment period, it should be ensured that relative LCA is valid/revalidated/increased up to the period of proposed extension.
4. Amendment on increase of credit amount and extension of shipment period both the cases amendment of Insurance Cover Note also to be submitted.
5. Proper recording and filling of amendment is to be maintained.
6. Amendment charges will be recovered and necessary voucher is to be passed.
Lodgement:
1. Intimation should be given to the party in time.