Export Registration Certificate (ERC)
In Bangladesh, an Export Registration Certificate (ERC) is a mandatory document required by businesses or individuals engaged in exporting goods from the country. Issued by the Office of the Chief Controller of Imports and Exports (CCI&E) under the Ministry of Commerce, the ERC serves as a permit authorizing the holder to export goods from Bangladesh for commercial purposes. Here’s an overview of the Export Registration Certificate (ERC) process in Bangladesh:
- Purpose and Regulation: The ERC is regulated under the Export Policy Order (EPO) issued by the Ministry of Commerce. Its primary purpose is to regulate and monitor the exportation of goods from Bangladesh, ensure compliance with trade policies, and facilitate economic activities.
- Eligibility and Application: Businesses or individuals intending to export goods from Bangladesh must fulfill certain eligibility criteria to obtain an ERC. Typically, applicants must be registered with the relevant government authorities, such as the Registrar of Joint Stock Companies and Firms (RJSC), and possess a valid trade license. The application for an ERC is submitted to the Office of the Chief Controller of Imports and Exports (CCI&E) through an online platform or in person.
- Required Documents: The application for an ERC must be accompanied by various documents, including:
- Trade License
- Income Tax Certificate
- VAT Registration Certificate
- Memorandum and Articles of Association (for companies)
- Bank Solvency Certificate
- National Identity Card or Passport of the applicant
- Export Contract or Proforma Invoice indicating the goods to be exported
- Verification and Approval: Upon receiving the application and supporting documents, the CCI&E verifies the information provided and assesses the applicant’s eligibility. If the application meets the requirements, the CCI&E issues the Export Registration Certificate (ERC) to the applicant. The certificate contains details such as the exporter’s name, address, registration number, validity period, and any specific conditions or restrictions imposed.
- Validity Period: The Export Registration Certificate (ERC) is typically valid for one year from the date of issuance, renewable upon application to the CCI&E. Exporters must ensure that their ERC remains valid throughout the exportation process to avoid any disruptions or delays in customs clearance.
- Compliance and Renewal: Exporters are required to comply with the terms and conditions specified in the ERC and adhere to export regulations and procedures. Additionally, exporters must renew their ERC before the expiration date to continue exporting goods from Bangladesh legally.
In summary, the Export Registration Certificate (ERC) is a crucial document for businesses or individuals exporting goods from Bangladesh. It facilitates trade activities, ensures regulatory compliance, and contributes to the overall efficiency of the exportation process.