Bismaillah hir Rahma nir Rahim

PRINCIPAL AND PRACTICE OF

EXPORT- IMPORT BUSINESS

IRC & ERC REGISTRATION PROCEDURE

ALFA TUN NUR

BSS (HON’S), MSS(ECONOMICS)
UNIVERSITY OF CHITTAGONG

LECTURE: 12
 REGISTRATION PROCEDURE
Who gives Import Registration Certificate (IRC)
& Export Registration Certificate (ERC):
Office of the Chief Controller of Imports & Exports provides ERC and
IRC certificates. Saying goes that anyone having Import Registration
Certificate (IRC) and anyone having Export Registration Certificate
(ERC) can Import & Export any permissible item without any value and
quantity restrictions!
Contact Information:
Phone: + 88 – 02- 9551556, + 88 – 02 – 9550289
Fax: + 88 – 02 – 9550217
Address:111-113, Motijheel Commercial Area, Dhaka – 1000.
E-mail: controller.chief@yahoo.com
Well, we suggest not to email because it’ll just help you to waste energy.
Instead visit physically and talk and manage.
Alfa Tun Nur Lecture:12 9/12/2020
 Documents required:
(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).

Time required:
Website of Office of the Chief Controller of Imports & Exports claims:
‘On submission of the above documents, we issue IRC/ERC within three
hours, i.e. within the same day’. However, don’t take this seriously and we
advise you to keep disposable time in your hand.
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Fees for IRC:
IRC fees depends on value of import and there are six categories:

ERC Fees:
Initial registration fees Renewal fees
Exporter BDT. 7,000.00 BDT. 5,000.00
Indentor BDT. 40,000.00 BDT. 20,000.00
[Info Source: www.ccie.gov.bd]
Alfa Tun Nur Lecture:12 9/12/2020
How to Start Export-Import Business From Bangladesh:

Export-Import business is a self-made profitable business most of the

time if you can do the business. its kind of own start up business and
make more self in dependency with financial solvency. Bangladesh is a
potential country for export import business. Now how one can start
Export-Import business from Bangladesh as follows.
Step-1:
Buyer and seller agreement/proforma invoice/sales invoice:
This document is needed at first step to do Export-Import business.
Exporter will send this document (Buyer and seller
agreement/proforma invoice/sales invoice) to Importer.

Alfa Tun Nur Lecture:12 9/12/2020

 Step-2:
Application:
If i am an importer i have to give an application to my local bank. In this
application here will be some documents and certificates and these
documents are:
1.Agreement/proforma invoice 2.Application
3.Trade Licence 4.e-Tin
5.VAT 6.IRC
7.Insurance 8.Margin Money

Step-3:
If my local bank(example: Dutch Bangla Bank) accept the application
they(Bank) will send the LC to Exporter's Bank.

Step-4:
Confirmed Letter of Credit:
A confirmation letter will go to the exporter's Bank that is exporter's local
bank will confirm the exporter about the document.

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Step-5:
Product is Shipped:
If supplier think that LC is perfect that time he/she will go for shipment.

Step-6:
Document:
Exporter/Supplier also have to give some document to his local bank that
is exporter's bank. Common documents are:
1. Commercial invoice
2.Packing List
3.Certificate of Origin
4.Certificate of Analysis
5.Bill of Lading
6.Bill of Exchange
These are the documents that have to submit to the exporters bank
account. If exporter don't submit these document that time exporter will
not eligible for the payment so its important.

Alfa Tun Nur Lecture:12 9/12/2020

Step-7:
Document:
exporter's bank will send these document(step-6) to the importer's bank.
Step-8:
Document:
If we are importer we will provide all our documents that we will get from
our bank to the C and F agent to have our products. C and F agent will solve
all the procedure (custom and so on) after that.
Step-9:
Money:
After completing all the task importer's bank will send money to the
exporters bank.
Step-10:
Money:
Exporter will get the money from his local nominated bank.
These are the procedure to do export-import business from Bangladesh.
Whenever you will do practically you will be clearer.

Alfa Tun Nur Lecture:12 9/12/2020

 Exportable Items From Bangladesh:
Bangladesh is an agro based country. Bangladesh has many potential agro
based items for export. Most remarkable agro based products are: rice,
jute and tea. Ready-made Garments sector is one of the most cash cow for
Bangladesh in export sector. Bangladeshi ready-made garments is
worldwide recognized and popular.
World’s investor and Bangladeshi business men are willing to business this
sector due to cheap labor cost. Bangladesh is doing well in handicraft
sector; mostly handicraft from jute is popular all over the world.
Pharmaceutical sector is doing well in export area of Bangladesh. In
Bangladesh there are many pharmaceutical companies have created due to
the business opportunity here. Electronic and automobile sector opened a
new era for Bangladesh. Walton group is an example for that and they are
exporting their products many countries of the world. Shipyard is newly
invented export item for Bangladesh. It will make a positive growth for
Bangladeshi economy. Bangladesh has a boosting up opportunity in export.
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 Exports list from Bangladesh
*Frozen Food *Bamboo poles *Rayen yarn
*Fish (Dried,Salted & dehydrated) *Rattans *Ceramic sanitary ware
*Animal casings *Beeswax *Insulator
*Agricultural products *Jute ropes *Polythene sheet
*Vegetables *Brooms *Synthetic ropes
*Fruits *Dry food *Others
*Cut flower *Coir & Coi-products *Leather (Curst/Finished)
*Betel leaves *Human hair *Jute goods (all sorts)
*Potato *Wood & timbers *Jute yarn & twine
*Dry fruits *Copra wast *Jute carpet (fiodi.com jute products
*Bay leaves *Hukka nali supplyer)
*Rice *Horns & hooves *Jute manufactures
*Tobacco *Molasses bh *Others
*Raw cotton *Petroleum by products *Handicrafts
*Cotton waste *Naphtha *Specialized textile & Household linen
*Black cumin seed *Furnace oil *Terry towel
*Spices *Bitumen *Knit wear
*Others *Chemical products *T. Shirts
*Tea *Glycerin *Sweater
*In packet *Garment *Others
*In bulk *Pharmaceuticals *Ready-made Garments
*Crude fertilizer *Chemical fertilizer *Shirts
*Raw jute (fiodi.com jute products *Cosmetics *Trousers
supplyer) *P.V.C. Pipe *Jackets
*Tortoise & turtles *P.V.C. Bags *Others
*Crabs *Soap toilet *Engineering Products
*Duck chest feather *Soap washing *G.I. Pipe
*Aquarium fish *Newsprint *Iron Chain
*Crude drugs *Paper *
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 *Specialized textile & *Computers *Tents
Household linen *Computers accessories *Footwear
*Terry towel *Video/Audio cassette *Tooth brush
*Knit wear *Radio & Radio recorder *Camera parts
*T. Shirts *Television sets *Iland gloves (Leater)
*Sweater *Indicator Lamp *Artificial flowers
*Others *Printed circuit board *Home Textiles
*Ready-made Garments *Integrated circuits *Ceramic tableware
*Shirts *Integrated circuits *Stainless steel wares
*Trousers *Others *Electric bulb
*Jackets *Others Mfd. products *Toys
*Others *Zipper *Ball pan
*Engineering Products *Melamine tableware’s *Golf shaft
*G.I. Pipe *Leather bags & purse *Silk fabrics
*Iron Chain *Printed materials *Other articles of leather
*Cast Iron articles *Stationery items *Bi-cycle
*Electric Wires *Textile fabrics *Gift items
*Telephone cables *Aluminium *Accumulator battery & parts
*Coil assembly household article *Lamp & light fitting
*Generator *Cigarettes
*Transformer *Feature film
*Ro Ro ferry *Jewellery
*Fishing reel *Biscuits
*Others *Jamdani saree
*Electronics *Circuit breakers
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 *Electric Wires *Others Mfd. products *Camera parts
*Telephone cables *Zipper *Iland gloves (Leater)
*Coil assembly *Melamine tableware’s *Artificial flowers
*Generator *Leather bags & purse *Home Textiles
*Transformer *Printed materials *Ceramic tableware
*Ro Ro ferry *Stationery items *Stainless steel wares
*Fishing reel *Textile fabrics *Electric bulb
*Others *Aluminium household article *Toys
*Electronics *Cigarettes *Ball pan
*Computers *Feature film *Golf shaft
*Computers accessories *Jewellery *Silk fabrics
*Video/Audio cassette *Biscuits *Other articles of leather
*Radio & Radio recorder *Jamdani saree *Bi-cycle
*Television sets *Circuit breakers *Gift items
*Indicator Lamp parts *Accumulator battery & Cast
*Printed circuit board *Lamp & light fitting Iron articles
*Integrated circuits Tents
*Integrated circuits *Footwear
*Others *Tooth brush
Alfa Tun Nur Lecture:12 9/12/2020
 These are the widely exportable items and exports
products from Bangladesh. We need to find out
more exportable items for Bangladesh, So that the
economy of Bangladesh will bring a positive
change. Bangladesh need more interested business
initiative Example: One of the popular exporter of
Readymade Garments (RMG) products from
Bangladesh is Pacific jeans.

Alfa Tun Nur Lecture:12 9/12/2020

 Any query

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Alfa Tun Nur Lecture:12 9/12/2020
 Thanks
for
staying

Alfa Tun Nur Lecture:12 9/12/2020