An Import Registration Certificate (IRC) is a mandatory authorization issued by the Office of the Chief Controller of Imports and Exports (CCIE) under Bangladesh’s Ministry of Commerce. It permits businesses to legally import goods into Bangladesh, ensuring compliance with the country’s import regulations as outlined in the Import Policy Order.
What is an IRC?
The IRC is a legal requirement under the Import Policy Order of Bangladesh. It ensures that importers comply with national trade regulations and helps the government monitor and regulate imports effectively
Why Is an IRC Needed
An IRC is essential for:
- Legal Importation: It is a legal requirement for any business intending to import goods into Bangladesh.
- Customs Clearance: Facilitates smooth processing and clearance of goods at customs checkpoints.
- Regulatory Compliance: Ensures adherence to national import policies and helps in monitoring import activities
Types of IRC
There are two main types of IRCs:
- Commercial IRC: Issued to businesses that import goods for commercial resale.
- Industrial IRC: Issued to manufacturing or industrial units that import raw materials and machinery for production purposes.
Without an IRC, businesses cannot legally import goods, which can lead to penalties and confiscation of goods.
Application Process for IRC
To obtain an IRC, follow these steps:
- Collect the Application Form: Available at the CCIE office or its official website.
- Prepare Required Documents: Including trade license, Tax Identification Number (TIN), bank solvency certificate, membership certificate from a recognized trade body, and company incorporation documents if applicable
- Pay the Applicable Fees: Deposit the registration fee at Bangladesh Bank or Sonali Bank and obtain the Treasury Challan.
- Submit the Application: Along with all required documents and the Treasury Challan to the CCIE office.
- Receive the IRC: Upon verification, the CCIE issues the IRC and a passbook.
Renewal of IRC
IRCs must be renewed annually. The renewal process involves:
- Submission of Renewal Application: Along with the original IRC, passbook, and updated documents.
- Payment of Renewal Fee: Fees vary based on the importer’s category and annual import ceiling.
- Submission to CCIE or Nominated Bank: Renewal applications can be submitted directly to the CCIE or through a nominated bank
For more information or to apply for an IRC, you can visit the following official websites:
- Office of the Chief Controller of Imports and Exports (CCIE)
- Online Licensing Module (OLM)
- Bangladesh Trade Portal
