Import Registration Certificate (IRC)

Import Registration Certificate (IRC) is a certificate of license that is needed to be an importer in Bangladesh.

Requirements of a new importer for getting Import Registration Certificate (IRC):

(i)    Application in a prescribed form.
(ii)    Valid Trade license.
(iii)    Membership certificate of the respective trade organization or Membership from the Chamber of Commerce & Industry.
(iv)    Registered partnership deed/Memorandum and Articles of Association alongwith Certificate of Incorporation.
(v)    Two copies attested photograph of the applicant(s).
(vi)    Affidavit from 1st class Magistarte.
(vii)    Asset Certificate of the applicant(s).
(viii)    Ownership deed or Lease deed of the office premises alongwith rent receipt.
(ix)    Bank solvency certificate.
(x)    Tax Identificate Number (TIN) Certificate.
(xi)    Money receipt of requisite fee.
(xii)    Any other document as required.

After submission of the application by the intending importers for IRC alongwith the papers in mentioned above (a) and deposit of requisite fees, on being satisfied the Chief Controller of Import & Export (CCI&E) issue IRC to the Industrial Consumers or Commercial importers with their half yearly/yearly entitlement mentioning item of commodities.

Contents of an IRC:
(i)    Validity period & issue date mentioned
(ii)    Name of the importer mentioned
(iii)    Sometimes amount limited
(iv)    Sometimes item limited.

Exempted persons from Registration as an Importer:
In terms of the Importers, Exporters and Indentors (Registration order 1981), no person can import goods into Bangladesh unless registered with the CCI &E or exempted from the provision of the said order. Personal user needs no registration. They may import beyond USD5,000/- with the permission from CCI&E.

Persons exempted for registration:
(i)    Government departments
(ii)    Local authorities or Statutory bodies
(iii)    Recognized Educational institutions
(iv)    Hospitals
(v)    Imports of goods which does not involve remittance of foreign exchange
(vi)    Reading materials or medicine imported for personal use within permissible limit.
(vii)    Capital machineries & spare parts for new industry.

6 comments:

  1. where (Official way) do I apply with all the required paperworks?

    ReplyDelete
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  3. thanks for this article post. this is really very helpful. i want to know something from you, if you have time to answer me, i want to run a omline shop with variety product and maximum is from china and after i get purchase order from customer i will buy those from china. so you may clear i wll buy very low quantity product and under 5000 dollar obiously. in this case do i need impory registration certificate?

    ReplyDelete
  4. Membership certificate of the respective trade organization or Membership from the Chamber of Commerce & Industry.

    What is meant for respective trade organization? If i want to start an import business

    ReplyDelete
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