Issuance or Procedure of IRC and ERC
Issuance or Procedure 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:
(i) Trade Licence
(ii) Membership Certificate from recognized Chamber/Trade Association;
(iii) Tax Identification Number;
(iv) Bank Certificate;
(v) 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 categorywise 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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