Import License permissible item without any value and quantity restrictions and without obtaining any permission from any authority in Bangladesh but the Import Registration Certificate (IRC) or import license is needed for the import of the same. In Bangladesh, the Office of the Chief Controller of Imports and Exports (CCIE) which is an individual organization under the Ministry of Commerce issues this import certificate or import license, and the legal basis for this permission is found in Import Policy Order 2015-2018.
IMPORT REGISTRATION CERTIFICATE (IRC)
REQUIRED SUPPORTING DOCUMENTS:
- NID
- Tax Identification Number (eTIN)
- Picture
- Passport – Managing Director (If, 100% foreign equity limited company)
- BIDA Registration Certificate (If, 100% foreign equity limited company)
- Bank Encasement Certificate (If, 100% foreign equity limited company)
- Copy of valid Trade License ( Must be mention Import as a business category )
- Tax Acknowledgement Slip/ Income Tax Certificate
- VAT Registration Certificate
- Bank Solvency Certificate
- Copy of membership certificate from local Chamber of Commerce and Industry or relevant Trade Association
- Original copy of Treasury Callan (Now, Online Payment)
- If a partnership business: Partnership Deed (certified attested copy)
- If a limited company: (certified attested copies)
- Certificate of Incorporation
- Articles of Association
- Memorandum of Association
(To facilitate verification of the submitted documents, applicants are requested to submit the original documents as well. The original copies of the documents will be returned at the completion of the process).
PROCESS STEPS
ONLINE APPLICATION
Apply for the online application for export import licence with ccie login. Export Import licence online apply. Import Permit application Bangladesh
APPLICATION FILING
Submit the online application along with the prescribed fee and to the Chief Controller of Imports & Exports (CCIE). Anyone can file the application for obtaining the Import Registration Certificate (IRC) which is well known as Import License.
DEPOSIT SCHEDULE FEES
Deposit schedule fees as per import the basis of their value ceiling of overall annual import by using online banking or sonali pay.
RECEIVED CERTIFICATE
Firstly, After formalities checking the submitted documents, the office of the Chief Controller of Imports & Exports will issue the license in favor of the applicant entity.
Secondly, Anyone can Import any permissible item without any value and quantity restrictions and without obtaining any permission from any authority in Bangladesh but the Import Registration Certificate (IRC) or import license is needed for the import of the same.
Thirdly, In Bangladesh, the Office of the Chief Controller of Imports and Exports (CCIE) which is an individual organization under the Ministry of Commerce issues this import certificate or import license, and the legal basis for this permission is found in The Import Policy Order 2021-24.
So finally, Import Registration Certificate (IRC) or import license is a mandatory document for business entities who are desirous of importing raw material or any other special items to Bangladesh.
RENEWAL OF IRC
IRC is required to be renewed every year. The required documents are:
- IRC and Last year IRC Certificate (soft copy)
- Renewal Application by the applicant
- Treasury Challan of the annual renewal fee at Bangladesh Bank or Sonali Bank Pay, Online banking ( Scan Copy)
The applicant is required to arrange the below-mentioned documents and deposit the annual renewal fee at Bangladesh Bank or Sonali Bank
Note: Renewal of IRC can also be done by the Nominated Banks as per the Import Policy Order 2021-24. The IRC applicant needs to mention the name of a single Nominated bank in the IRC application form for subsequent renewals.
IRC REGISTRATION FEES
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 IRC renewal fees in Bangladesh are as under:
Category | Value Ceiling of annual import | Initial Registration fees | IRC renewal fees in Bangladesh |
i. | Tk. 5,00,000 | Tk. 5,000 | Tk. 3,000 |
ii. | Tk. 25,00,000 | Tk. 10,000 | Tk. 6,000 |
iii. | Tk. 50,00,000 | Tk. 24,000 | Tk. 10,000 |
iv. | Tk. 1,00,00,000 | Tk. 40,000 | Tk. 15,000 |
v. | Tk. 5,00,00,000 | Tk. 50,000 | Tk. 22,000 |
vi. | Tk. 20,00,00,000 | Tk. 60,000 | Tk. 24,000 |
vii. | Tk. 50,00,00,000 | Tk. 70,000 | Tk. 28,000 |
viii. | Above Tk. 100,00,00,000 | Tk. 80,000 | Tk. 32,000 |
Grap: Import licence fee in Bangladesh
Note: Initial Registration fees and Annual renewal fees are excluded VAT. 15% VAT Applicable.
REQUIRED DOCUMENTS FOR REGISTRATION OR RENEWAL
- Photo of the applicant/owner/proprietor/managing director (Scan Copy)
- NID of the applicant/owner/proprietor/managing director (Scan Copy)
- Up to date Trade license (Scan Copy)
- E-TIN (Scan Copy)
- VAT Registration Certificate
- Up to date membership certificate (Scan Copy)
- Up to date Bank Solvency Certificate (Scan Copy)
- MOA (in case of a company)
- Form XII MOA (in case of a company)
- Incorporation Certificate MOA (in case of company)
- Partnership deed (in case of Partnership Firm)
- Environment Certificate(in case of a factory)
- Company PAD
- Mobile & e-mail address.
As Bangladesh is becoming one of the most promising outbound markets in the world. Due to swift growth of economy in this country, company formation procedure is broadly asking question to the new entrepreneurs. All the questions are answered above how you should register your company.
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