NOTIFICATION ( In Reference to FERR2020)

Druk PNB Bank Ltd would like to notify all its valued customers/importers that as
per ‘Section 24 & 25 of the Foreign Exchange Rules and Regulation 2020’ (FERR2020),
importers executing advance payments against the import goods from India and
Countries other than India (COTI) are required to submit the documentary evidence
(Customs Declaration Form) of goods having entered the country within 180 days
from the time of executing the advance payments.

Any customers/Importers who have not submitted the custom’s declaration form
are requested to do so immediately complying with the existing provision of the
FERR 2020. Therefore, all the Bhutanese importers are here by advised to submit
documentary evidence of goods having enter the country within stipulate time to
the authorized bank as mandated.

Violating the provision of the FERR 2020 and other guidelines issued by the RMA
shall be liable for penalties as per ‘Penalties Rules and Regulations 2019’.
For further clarification, please contact the following Bank Branch officials
during office hours.

Mr. Sonu Goswami, Branch Head Phunetsholing 05-253667
Mr. Deepak Verma, Branch Head Thimphu 02-334379
Mr. Pradeep Gazmer,Branch Head Samtsi 05-365419
Mr. Kinley Wangdi, Branch Head Wangdi 02-481933
Mr. Bholanath Rimal, Branch Head Gelephu 06-252244
Mr. Siddhart Lama, Branch Head Trongsa 03-528012
Mr. Pendray Drukpa, Branch Head Paro 08-271037
Mrs. Tshering Choden, Branch Head Bumthang 03-630037