Import License Preparation

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Import License Preparation

Issuance of IRC and ERC

Now an importer having Import Registration Certificate (IRC) and an Exporter having Export Registration Certificate (ERC) can Import & Export any permissible item without any value and quantity restrictions and without obtaining any permission from any authority.

Procedure for issuance of Import Registration Certificate and Export Registration Certificate has been simplified. It requires only the following documents:

  1. Trade Licence;
  2. Membership Certificate from recognized Chamber/Trade Association;
  3. Tax Identification Number;
  4. Bank Certificate;
  5. Memorandum and Articles of Association and Certificate of Incorporation (in case of Limited Company).

On submission of the above documents, we issue IRC/ERC within three hours, i.e. within the same day.

    The importers have been classified into 6 (six) categories on the basis of their value ceiling of overall annual import. The initial category wise registration fees and annual renewal fees are as under:

Category

Value Ceiling of annual import

Initial Registration fees

Annual renewal fees

First

Tk. 5,00,000

Tk. 5,000

Tk. 3,000

Second

Tk. 25,00,000

Tk. 10,000

Tk. 6,000

Third

Tk. 50,00,000

Tk. 18,000

Tk. 10,000

Fourth

Tk. 1,00,00,000

Tk. 30,000

Tk. 15,000

Fifth

Tk. 5,00,00,000

Tk. 45,000

Tk. 22,000

Sixth

Above Tk. 5,00,00,000

Tk. 60,000

Tk. 30,000

Exporters shall pay registration and renewal fees at the following rates :-

Initial registration fees

Renewal fees

Exporter

Tk. 7,000.00

Tk. 5,000.00

Indentor

TK. 40,000.00

Tk. 20,000.00

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