How to obtain Import Registration Certificate in Bangladesh

If a business wants to import particular commodities or raw materials into Bangladesh, they must have an Import Registration Certificate (IRC). It is helpful to know that the Import Policy Order 2015-2018 provides the legal foundation for this authorization, and that the Office of the Chief Controller of Imports & Exports (CCI&E) is responsible for issuing the Import Registration Certificate.

Types Of IRC In Bangladesh

In Bangladesh, the two main types of Import Registration Certificates (IRCs) are Commercial IRC and Industrial IRC. Here’s a detailed explanation of each:

Commercial IRC

Purpose:

  • The Commercial IRC is intended for businesses that import goods for commercial resale. These businesses do not manufacture goods but buy products from foreign suppliers to sell them in the local market.

Key Features:

  • Target Users: Importers, traders, and distributors who primarily deal with finished goods.
  • Products Imported: Consumer goods, electronics, apparel, food items, and other finished products ready for sale.
  • Application Process: Requires submission of business details, trade license, TIN (Taxpayer Identification Number), and bank solvency certificate.
  • Renewal: Typically renewed annually, with submission of updated documents and payment of applicable fees.
  • Regulation: Overseen by the Office of the Chief Controller of Imports and Exports (CCI&E).

Industrial IRC

Purpose:

  • The Industrial IRC is designed for manufacturing industries that import raw materials, machinery, and components needed for their production processes. These businesses use the imported items to produce finished goods.

Key Features:

  • Target Users: Manufacturers and industrial entities.
  • Products Imported: Raw materials, machinery, production equipment, and components necessary for manufacturing.
  • Application Process: Requires detailed information about the manufacturing setup, trade license, TIN, VAT registration, and a bank solvency certificate. Additional documents such as factory layout plans and machinery lists may also be required.
  • Renewal: Usually renewed annually, similar to the Commercial IRC, with updated documents and payment of fees.
  • Regulation: Also overseen by the Office of the Chief Controller of Imports and Exports (CCI&E).
The documents required for issuance of IRC
  • Passport size photograph of the applicant
  • Valid Trade License.
  • Valid Membership Certificate form a regional Chamber of Commerce and Industry or from relevant Trade Associations.
  • Financial solvency certificate from a bank
  • Citizenship Certificate
  • Treasury Challan
  • TIN Certificate
  • Partnership Deed
  • Certificate of Incorporation, Memorandum and Articles of Association
Procedure

The applicant must obtain the IRC Form from the CCI&E office or the official website, fill it out, and send it to the CCI&E office’s dispatch section along with any necessary supporting documentation.Three (3) copies of the Treasury Challan should be gathered, together with the registration fee and pass-book cost, which should be deposited at Bangladesh Bank or Sonali Bank.
The applicant must bring the completed application form, the Treasury Challan, and the specified supporting documentation to the CCI&E office in order to obtain the Import Registration Certificate.

Renewal of IRC

IRC is required to be renewed every year. The required documents are:

  • IRC and Passbook
  • Treasury Challan
  • The applicant is required to arrange the above-mentioned documents and deposit the annual renewal fee at Bangladesh Bank or Sonali Bank

Why Choose Us? 

Right Solution can assist businesses in Bangladesh with obtaining and managing Commercial and Industrial Import Registration Certificates (IRCs) through a variety of services, ensuring compliance and efficiency. Here’s how Right Solution can help:

For Commercial IRC

  • Application Preparation and Submission:
    • Document Preparation: Assist in gathering and preparing all necessary documents, such as business details, trade license, TIN (Taxpayer Identification Number), and bank solvency certificate.
    • Form Filling: Help with correctly filling out the application forms to avoid errors and delays.
    • Submission: Submit the application to the Office of the Chief Controller of Imports and Exports (CCI&E) on behalf of the business.
  • Compliance and Regulation:
    • Guidance: Provide up-to-date information on regulations and compliance requirements.
    • Monitoring: Monitor changes in import regulations and advise on necessary adjustments to maintain compliance.
  • Renewal Process:
    • Document Update: Assist in updating necessary documents and information for annual renewal.
    • Timely Submission: Ensure timely submission of renewal applications to avoid lapses in registration.
  • Training and Support:
    • Workshops and Training: Conduct training sessions on best practices for import processes and regulatory compliance.
    • Ongoing Support: Offer ongoing support and consultation for any issues related to the Commercial IRC.

For Industrial IRC

  • Detailed Application Assistance:
    • Document Collection: Help in collecting detailed information required for industrial setups, such as factory layout plans, machinery lists, and production capabilities.
    • Preparation: Assist in preparing comprehensive documentation to meet the stringent requirements of the Industrial IRC application.
  • Regulatory Guidance:
    • Compliance Check: Ensure that all regulatory requirements are met, including VAT registration and any specific industry-related compliances.
    • Updates and Alerts: Keep the business informed about changes in import regulations that could affect their operations.
  • Specialized Support for Manufacturers:
    • Import Planning: Advise on efficient import planning and logistics to optimize production processes.
    • Cost Analysis: Provide cost analysis and budgeting support for importing machinery and raw materials.
  • Renewal and Maintenance:
    • Document Review: Review and update all necessary documents for annual renewal.
    • Application Submission: Handle the submission process to ensure a smooth renewal without interruptions in manufacturing activities.

Additional Services

  • Consultation: Offer personalized consultation to address specific needs and challenges faced by businesses in obtaining and managing IRCs.
  • Problem Resolution: Assist in resolving any issues or disputes that may arise during the application or renewal process.
  • Customs and Tariff Advice: Provide advice on customs procedures and tariff classifications to ensure cost-effective importing.

By leveraging Right Solution’s expertise and services, businesses can navigate the complexities of obtaining and maintaining their Commercial and Industrial IRCs more efficiently, allowing them to focus on their core operations and growth.