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.