Guide To Import Registration Certificate (IRC) Process In Bangladesh

Have you considered bringing goods into Bangladesh? Well, first you’ll need a golden ticket! In other words, an Import Registration Certificate (IRC). Without this document, businesses are unable to import goods into the country legally. Whether it is a growing startup scouting for fresh new materials or an established company expanding its product line, every business must acquire an IRC.

Don’t be worried; the process is much simpler than it sounds in terms of steps to follow. You can also hire business registration firms to do it for you, but that’s a different story. Here, we will explain everything you need to know, from who requires an IRC, what documents are mandatory, how to apply through the internet, and even tips to avoid unwanted hassle. 

Are you ready to use importing as a way to grow and expand your business? Let’s do it!

Who Needs IRC?

How would you understand that you need an IRC? Well, anyone who wants to import goods into the country must have it. Having it is a must under the import regulations of Bangladesh.

In general, the following enterprises require an IRC:

• Trading Companies: Do you buy goods and sell them locally? An IRC will be necessary.
• Manufacturing Industries: Do you procure raw materials, machinery, parts, etc? An IRC will be required.
• Wholesalers and Distributors: Do you import products in bulk for resale purposes? You must possess an IRC.
• E-commerce Businesses: Those who run online stores that procure goods need an IRC.

[Pro Tip: Even if there are no plans to import items regularly, there is a need for an IRC for one-time importers for business activities.]

Exceptions

There are very few exceptions. For instance:

• Individuals importing goods for personal use (not resale) usually don’t need an IRC.
• Some government agencies or diplomatic missions might have special permissions.

IRC Application Process in Simple Steps

Let’s see how you can apply for an Import Registration Certificate in some easy steps.

Step 1: Register online

• Start out by going to the CCI&E (Chief Controller of Imports and Exports) official website.
• If you are a new user, go ahead and create an account.
• You may apply for an IRC and fill out the application form on the website, which includes business-related information and details.

Step 2: Gather all necessary documents

Time to get your documents in order. For this procedure, you will mostly need the listed documents:

• Trade License
• TIN Certificate (Taxpayer Identification Number)
• VAT Registration Certificate
• Certificate of Bank Solvency
• Articles of Incorporation and Bylaws (for companies)
• National ID of owners and directors
• Partnership Deed (if needed)

[Pro Tip: Make sure to verify that all documents are in the required format. A couple of them might be required to be uploaded in PDF or JPEG.]

Step 3: Government fee payment

You will now get a payment slip after submitting the application online. The payment of the IRC fee should be done at the prescribed bank or through online banking. These payments are most of the time done at Sonali Bank.

Step 4: Submission of documents in person (if required)

Other authorities may need additional documents for hard copy submission, as well as a receipt of payment. Submit signed documents to the relevant CCI&E office. 

Step 5: Application Review

Document payment and CCI&E officials will check it accordingly. Some corrections or further details may be required in the process. In that case, you will get an email or a call.

Step 6: Receive Your IRC

As long as every detail is checked and confirmed, the IRC certificate will be given to you. Some offices only issue physical certificates, while others provide digital copies.

Things to Remember

IRC is a crucial document that is a must for customs clearance, renewal, or future import-related dealings. So, keep it safe and have several copies of it if needed.

In the shortest form, this is how the registration process works:

Register → Prepare Documents → Pay Fee → Submit (if necessary) → Application Review → Get IRC!

IRC Registration and Renewal Fees

The fees depend on your yearly import value. Here is a chart that will be helpful.

Conclusion

Chasing an Import Registration Certificate (IRC) might give the impression of a hard journey. But it is actually pretty straightforward when you break down the steps. As a trader, online entrepreneur, or manufacturer, you know how important border trade is. Obtaining the IRC opens new avenues of growth for your business.