Understanding import export code (iec) in india by legal raasta
Procedure of irc
1. Procedure of IRC & ERC
Now an importer having Import Registration Certificate (IRC) and an Exporter having Export Registration
Certificate (ERC) can Import & Export any permissible item without any value and quantity restrictions and
without obtaining any permission from any authority.
Procedure for issuance of Import Registration Certificate and Export Registration Certificate has
been simplified. It requires only the following documents:
(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).
On submission of the above documents, we issue IRC/ERC within three hours, i.e. within the same day.
The importers have been classified into 6 (six) categories on the basis of their value ceiling of overall
annual import. The initial categorywise registration fees and annual renewal fees are as under:
Category Value Ceiling of annual import Initial Registration fees Annual renewal fees
First Tk. 5,00,000 Tk. 5,000 Tk. 3,000
Second Tk. 25,00,000 Tk. 10,000 Tk. 6,000
Third Tk. 50,00,000 Tk. 18,000 Tk. 10,000
Fourth Tk. 1,00,00,000 Tk. 30,000 Tk. 15,000
Fifth Tk. 5,00,00,000 Tk. 45,000 Tk. 22,000
Sixth Above Tk. 5,00,00,000 Tk. 60,000 Tk. 30,000
Exporters shall pay registration and renewal fees at the following rates :-
Initial registration fees Renewal fees
Exporter Tk. 7,000.00 Tk. 5,000.00
Indentor TK. 40,000.00 Tk. 20,000.00