LCAF Form
LCAF-Letter of Credit Authorization Form. LCAF stands for
Letter of Credit Authorization Form. It is mainly application for permission for opening LC as
well as importing of goods into Bangladesh and remittance there against.
How many Type of LCAF ?
What kinds of Benefit for use LCAF ?



How many Type of LCAF ?
- Industrial LCAF
- Commercial LCAF
How many Copy necessary for LCAF ?
- Exchange Control Copy.
- Customs Purpose Copy.
- Statistical Purpose Copy.
- CCI&E Copy.
- Bangladesh Bank Registration Copy.
- Office Copy.
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LCAF |
- Fist of all LCAF necessary for commission received. Little import for costing lot of commission, so, for this cause LCAF used without LC.
- The LCAF is used to import essential items and fast perishable goods.
- Any importer can import the product by using LCAF up to USD 100,000 per year.
- Products can be imported by using the LCAF with the help of machinery and production raw material.
- Import of LCAF products is comparatively less than the VAT of LC VAT.
However, note that LCAF's payment security is less than LC's payment security.
To import LCAF products, apply to the bank by adding two forms with LCAF. Click on the form to get the form two.
See Chapter 7
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Para 18
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APP. 5
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9
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DECLARATION FOR IMPORT UNDER LCAF
REGISTRATION
INFORMATION ABOUT IMPORT WITHOUT LC
1.
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LCAF issuing bank
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.................................
branch
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..............................
for import without LC
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2.
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LCAF No. ...........................
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, Date.............................
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,
Value.................................................
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3.
Name of the goods according to
Purchase Contract/Purchase Order.....................................
HS Code Number ...................................................................................................................
4.
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Value of Import Consignment
..............................................
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Quantity ................................
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5.
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Expected date of shipment....................................
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Port of Loading
.......................................
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6.
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Expected arrival date at Bangladeshi Port
.............................................................................
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7.
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Condition for payment of Import Bill: DP/DA
for
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.........days from
presentation/acceptance
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Name and signature of the authorised person of the AD with
date
Name and signature of the authorised person of the
importer
Para 27(i)
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APP. 5
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10
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||
BANGLADESH BANK
FOREIGN EXCHANGE POLICY DEPARTMENT
FORM OF UNDERTAKING
(To be furnished by
the importer for making advance remittances for permissible imports of goods
and services).
In consideration of
Bangladesh Bank permitting
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me/us an
advance remittance of
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........................................to..........................................................
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I/we hereby undertake that the
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amount so remitted by me/us will be used solely for the
purpose of payment for the goods/services described below to be imported into
Bangladesh from ....................................in
accordance with the regulations in force regarding such
imports. I/We declare that the goods/services will be imported by me/us on or
about ............................. and I/we undertake to
produce to the
Bangladesh Bank documentary evidence in respect of goods/services so imported
including the authenticated copy of the Customs Bill of Entry for goods and
supplier's invoice in original. I/We further declare that the amount paid by me/us
in advance will be deducted from the invoice value of the goods (CFR)/services
imported and that the deduction will be shown on the invoice.
Name and address
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Invoice Value
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Description
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Country of
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Particulars of
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||||
of the supplier
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origin
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L.C. Authorisa-
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||||||
tion Form
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||||||||
Goods
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Services
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Goods
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Services
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Goods
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Services
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Goods
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Services
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Signature and Stamp of the Importer
Name of the Importer

Address

Registration Number with CCI & E

Date .......................................
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Signature and Stamp of the
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Authorised Dealer
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