BB introduces online submission of 'EXP Form' for exports

The central bank has introduced online submission of 'EXP Form' for export of goods instead of the existing manual process to facilitate exporters of Bangladesh.

Under the digital method, exporters will be able to submit their export declaration to banks concerned using his/her electronic devices from their offices/residences, according to officials.

"Such electronic option of EXP Form submission for export of goods from Bangladesh will come into effect from July 01, 2019," a senior official of the Bangladesh Bank (BB) told the FE on Tuesday.

He also said such measure will help boost the country's export performance in the near future.

However, other relevant instructions on export trade, including compliance required for customers' KYC (know your customer) and cross-border transactions, will remain unchanged, according to a notification issued by the BB on Tuesday.

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