Now an Exporter having Export Registration Certificate (ERC) can Export any permissible item without any value and quantity restrictions and without obtaining any permission from any authority.
Procedure for issuance of Export Registration Certificate has been simplified. It requires only the following
(1) Up-to-Date Trade License
(2) Bank Solvency Certificate
(3) Membership Certificate of any Chamber of Commerce or Association.
(4) Proprietorship in case of proprietorship, e-Tin and NID card.
(4) If there is a partnership, all partner photos, e-tin, NID card and copy of partnership deed, and RJSC certificate.
(4) If it is a limited company then the Chairman and MD’s photo, e-Tin, NID card and the company’s e-Tin, RJSC Certificate, Form-XII are required.
(4) If there are any foreign shareholders in the limited company then the Chairman and MD’s photo, e-Tin, NID card and the company’s e-Tin, RJSC Certificate, Form-XII, Company Employee List will be required. In addition, passports, work permits and photographs of foreign shareholders will be required. If it is foreign, it will cost an additional fifteen thousand along with the above fee.
(4) If the industry is IRC, then the permission letter of the Board of Investment or the concerned sponsor will be required and additional twenty thousand rupees will be spent.
Exporters shall pay registration and renewal fees at the following rates:-
Initial registration fees Renewal fees
Initial registration fees Renewal fees
Exporter Tk. 10,000.00 Tk. 7,000.00
Indentor TK. 50,000.00 Tk. 25,000.00
Common question: to license
How long will it take?
Simple answer: If all the papers are correct 8 working days
Common Question: What happens if I can’t renew my license?
Answer: The license can be renewed at any time with penalty. Rate of penalty: 1st year BDT 500, 2nd year BDT 1000, above three years BDT 2000 (Export above three years BDT 1500). You will have to pay 15% VAT on this penalty again.