1. What is IRC?
Ans
: Import_Registration_Certificate-(IRC) is a mandatory
document for business entities who are desirous of importing raw material or
other special items to Bangladesh. The Office of the Chief Controller of
Imports & Exports (CCI&E) issues this certificate.
2. What documents are required for getting
IRC Certificate?
Ans: Following Documents
are required:
1.
Trade License;
2.
Membership from recognized Chamber/Trade Association;
3.
Tax Identification Number;
4. Bank
Certificate;
5.
MOA, AOA & Certificate of Incorporation (if Ltd. Company).
3. How many fees are required for IRC
License?
#Fees: The initial category wise registration fees and annual renewal fees are as under:
4. What is ERC?
Ans:
Export Registration Certificate also known as ERC is one of the compulsory
papers to begin Export business in Bangladesh. Office of the Chief Controller
of Imports & Exports also known as the CCI&E issues this certificate.
5. What are procedure of ERC
:
Ans: Prcocedure of ERC:
First,
Collect Form
2nd,
Submit Schedule Fees to Bangladesh Bank
or Sonali Bank
3rd,
Submit Documents in Online
6. What documents are required for getting
ERC Certificate?
Ans: #Following Documents
are required:
1.
Trade License;
2.
Membership from recognized Chamber/Trade Association;
3.
Tax Identification Number;
4.
Bank Certificate;
5. MOA, AOA & Certificate of Incorporation (if Ltd.
Company).
7. How many fees are required for ERC
License?
Ans: Exporters shall pay reg.
and renewal fees at the following rates:
Particulars Initial
registration fees Renewal
fees
Exporter
Tk. 7,000 Tk. 5,000
Indentor
TK. 40,000 Tk. 20,000
8. When IER & ERC will renew:
Ans : The renewal period is 1st July to 30 September of
every year
9. How many days is required for IRC &
ERC Certificate?
Ans: 7-15 days plus
10. What
is Online Registration Process?
Ans: The application can be made online. In that case,
first of all, the applicant must have to open an account and a scanned copy of
the required documents can be submitted online. Please click here to sign
up! https://olm.ccie.gov.bd/
11. What documents have to be submitted with
application of ad-hoc and regular IRC?
Ans:
Ad-Hoc IRC:
A forwarding letter to
Registration & Incentive Section of BIDA signed by the chairperson/
managing director of the company,
Registration letter issued
by BIDA,
Prescribed application form,
Certificate of Incorporation
Memorandum and Articles of Association,
Tax Identification Number
(TIN) certificate,
Trade license & Fire
license,
Environmental Clearance
Certificate (ECC),
Membership of concerned
chamber/ trade body,
List of importable raw
material for production (expressed in per unit),
Bank certificate.
12. Registration is
necessary for whom ?
Ans
: Registration is necessary for the concerned investors to be eligible:
For incentives of income tax exemption, import duty and
other tax exemptions
For privileges and facilities declared by the government
To apply for investment-related licensing and permits such
as expatriate work permit, foreign borrowings, import permit/ registration
certificate for industrial use, and
To access to any other facilitation services provided by
BIDA.
13.13. What are the penalty, If you can not renew your license within due time ?
AnAns : License cane be renewed by giving the penalty Fees respectively first year Tk. 500, 2nd year Tk. 1000 and 3 years plus Tk. 20000 (Export Tk.1500) with 15 % VAT.
14 14. What are the IRC License types?
Answer: Generally 3 types of import license
(1) Commercial (2) Industrial and (3) Multinational
(1) Commercial IRC: Commercial IRC is the license under which we usually import goods.
(2) Industrial IRC: Industrial IRC is for those who have factory setup and have to bring capital machinery. In this case import duty is less. However the recommendation of the Industrial IRC Investment Board is required and it is a complex process.
(3) Multinational IRC: If a company has a foreign shareholder, then it is necessary to apply for a multinational IRC.1
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