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. IRC and ERC is issued by Office of the Chief Controller of Imports & Exports (CCI&E).
Procedure for issuance of Registration Certificate has been documents:
Import Registration Certificate and Export simplified. It requires only the following
- Trade Licence;
- Membership Certificate from recognized Chamber/Trade Association;
- Tax Identification Number;
- Bank Certificate;
- Memorandum and Articles of Association and Certificate of Incorporation (in case of Limited Company).
The importers have been classified into 6 (six) categories on the basis of their value ceiling of overall annual import. The initial categorywise registration fees and annual renewal fees are as under:
|Category||Value Ceiling of annual||Initial||Annual|
|import||Registration fees||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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