IRC & ERC

In Bangladesh, IRC (Import Registration Certificate) and ERC (Export Registration Certificate) are important documents required for companies engaged in import and export activities. These certificates are issued by the Office of Chief Controller of Imports and Exports (CCI&E), which operates under the Ministry of Commerce. Here's an overview of IRC and ERC work for companies in Bangladesh:

Import Registration Certificate (IRC):

Purpose: The IRC is a mandatory registration document that allows companies to engage in the import of goods into Bangladesh. It serves as a proof of the company's legal authorization to participate in import activities.

Application Process: Companies seeking an IRC need to submit an application to the CCI&E along with the required documents, which typically include the company's trade license, TIN (Tax Identification Number) certificate, bank solvency certificate, and other relevant supporting documents.

Registration Categories: The IRC is issued under different categories based on the nature of the business, such as commercial importers, industrial importers, private importers, and specialized importers. The category depends on the type of goods the company intends to import.

Validity and Renewal: The IRC is initially issued for a specific period, typically One to Five year and can be renewed upon expiration. Companies are required to renew their IRC before it expires to maintain their import eligibility.

Export Registration Certificate (ERC):

Purpose: The ERC is a mandatory registration document that permits companies to engage in the export of goods from Bangladesh. It verifies the company's authorization to conduct export activities.

Application Process: To obtain an ERC, companies must submit an application to the CCI&E along with the necessary documents, including the trade license, TIN certificate, bank solvency certificate, and other relevant supporting documents.

Registration Categories: The ERC is issued under various categories based on the type of export business, such as commercial exporters, industrial exporters, private exporters, and specialized exporters. The category depends on the nature of the goods the company intends to export.

Validity and Renewal: Similar to the IRC, the ERC is initially issued for a specific period, typically three years, and can be renewed upon expiration. Companies must renew their ERC before it expires to maintain their export eligibility.

It's important for companies in Bangladesh engaged in import and export activities to obtain and maintain valid IRC and ERC documents. The specific requirements, fees, and procedures may vary, so it's advisable to consult the Office of Chief Controller of Imports and Exports (CCI&E) or seek professional assistance for detailed and up-to-date information regarding IRC and ERC work for companies in Bangladesh.