No gold imported in legal way in 5-yr | 2015-06-24 | daily-sun.com

No gold imported in legal way in 5-yr

Sun Online Desk     24th June, 2015 08:58:17 printer

No gold imported in legal way in 5-yr

Commerce minister Tofail Ahmed informed the Parliament that no gold has been imported in the country on a commercial basis through legal means in past five years.

 

The minister made the disclosure on Wednesday in response to a question, tabled in the 10th Jatiya Sangsad, by MA Hannan MP.

 

He said that according to the existing Foreign Exchange Regulation Act -1947, there is an opportunity to import gold on a commercial basis with prior approval of Bangladesh Bank, reports banglanews.

 

According to the minister, no body applied to the central bank for importing gold on a commercial basis over the past five years.

 

So during the period, any kind of gold was not imported on a commercial basis in a legitimate way, Tofail repeated.

 

The government has not received any type of revenue from gold importation at the time, he added.


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