What an Authorised Dealer does with IMP and EXP
The AD is a bank with a foreign-exchange licence
An Authorised Dealer is the bank through which Bangladesh Bank requires import payments and export receipts to be handled. FEPD-1 Circular No. 30 is addressed to all authorised dealers in foreign exchange. The circular’s reporting, LC, and back-to-back instructions are written to that bank, not to the importer acting alone and not to Customs. Opening an LC is not a permit. The AD does not waive the Import Policy Order and does not issue a customs assessment.
OIMS and the IMP form
Circular 30 tells ADs to report permissible import transactions to Bangladesh Bank’s Online Import Monitoring System. Before establishment of an LC, or before another permissible import begins, the AD obtains the underlying indent, proforma invoice, or contract. The IMP form is the importer’s declaration and the reporting paper for the payment. The operational sequence is papers first, then the report, then the payment instrument. A payment that skips the form because the customer is in a hurry is the failure the circular is written to prevent. The exact screen steps inside OIMS change. The duty to report does not.
The EXP form on the export side
FEPD-1 Circular No. 26 deals with export declarations. Exports, unless the circular exempts them, must be declared on the EXP form, including the electronic EXP where the circular provides for it. The form identifies the shipment. It does not, by itself, prove that the proceeds came home. Paragraph 8 of Part A still requires repatriation within four months, subject to that paragraph’s own jute exception and to any Bangladesh Bank authorisation. An EXP that is issued and then left outstanding is a follow-up item, not a closed export.
What the AD checks because it is a bank
Beside the forms, the AD applies its own customer due diligence, the sanctions screen, and the credit sanction. Those are banking duties. They sit next to the circular. They are not substitutes for it. A clean IMP file with a prohibited HS code is still a prohibited import. A clean EXP file with proceeds in a third-country account is still a repatriation problem. Use the form and the goods check together.
Where the guides go next
Margin questions are answered by finding the instruction that sets a margin, not by asking the AD to invent one. Back-to-back openings are Part G of Circular 30. Proceeds are Circular 26. HS codes and the Import Policy Order are a separate permission from the banking forms. The research box on the home page is the place to put a live question with the form number and the goods.
Source
Bangladesh Bank, FEPD-1 Circular No. 30, 13 August 2026, on OIMS reporting and the IMP form, and FEPD-1 Circular No. 26, 30 July 2026, on the EXP form. The AD does not grant an Import Policy Order waiver. Open the cited source.
Frequently asked questions
Does the AD authorise the import?
No. The AD handles the foreign-exchange leg. Customs permission, an Import Policy Order condition, and a ministry permit are not granted by the AD’s LC.
What is reported before an import LC?
Circular 30 tells ADs to obtain the underlying contract papers and to report permissible import transactions to the Online Import Monitoring System, including the IMP form procedure for the importer’s declaration and the payment.
What is the EXP form for?
Circular 26: exports, unless exempted, must be declared on the EXP form. It is the export declaration, not a substitute for the four-month repatriation rule.