BB to extend time limit for bringing export earnings from foreign e-commerce sales

Business Report :

The Bangladesh Bank has decided to extend the timeframe for bringing export earnings from products sold through foreign e-commerce platforms.

Speaking on condition of anonymity, a senior central bank official told the media that Bangladesh Bank has decided to extend the deadline to 180 days to bring the earnings home.
“A circular in this regard will be issued soon,” the official added.

According to central bank sources, currently, exporters are required to bring their earnings within 120 days of sale. This period will soon be extended by 60 days. Under existing rules, Bangladeshi e-commerce firms can export products worth up to $500 without filling out an EXP form – the official export declaration. However, the earnings from such sales must be brought within 120 days.

E-commerce entrepreneurs recently informed the central bank that meeting the 120-day deadline is often difficult.

They explained that goods sent to foreign e-commerce platforms are not considered formal exports at the time of shipment. These platforms often store products in their warehouses before delivering them to buyers, delaying the payment process. According to the e-commerce Association of Bangladesh (e-CAB), Bangladeshi e-commerce exports currently total around $500 million, and the volume continues to grow steadily.