In Bangladesh, the Export Registration Certificate (ERC) is a mandatory document issued by the Chief Controller of Imports and Exports (CCI&E). It is required for businesses that want to engage in the export of goods and services. The ERC serves as official recognition for a business to legally carry out export activities.

Why is ERC Important?

1. Legal Requirement: According to the laws of Bangladesh, all exporters must be registered with the Chief Controller of Imports and Exports (CCI&E) to engage in the export of goods or services. The ERC ensures compliance with this regulation.
2. Customs Clearance: The ERC is essential for obtaining customs clearance for goods being exported, which is necessary for shipment and delivery to international buyers.
3. Tax and Duty Benefits: Registered exporters may be eligible for certain tax exemptions, rebates, or other government incentives to promote exports, such as reduced duties on raw materials used in manufacturing export goods.
4. Access to Foreign Markets: The ERC can serve as a form of credibility and recognition that can make it easier to establish trade relationships with international buyers.
5. Foreign Exchange: Exporters contribute to the country’s foreign exchange earnings, and the ERC facilitates monitoring and regulation of this important sector.

How to Obtain an ERC in Bangladesh:

1. Eligibility Criteria:
   • The business must be a legally registered entity in Bangladesh, such as a private limited company, partnership, or sole proprietorship.
   • The company should be involved in manufacturing or trading goods that are meant for export.
2. Required Documents:
   • Trade License: A valid trade license issued by the local authority.
   • Tax Identification Number (TIN): A TIN for tax purposes.
   • Bank Account Details: A copy of the bank account used for business transactions.
   • Association Membership: Need a valid membership with allowable association in Bngladesh.
   • Company’s Incorporation Certificate: Proof of the company’s legal status if registered with RJSC.
   • Export-Related Information: Detailed information about the nature of goods to be exported, business plans, and market research.
3. Application Process:
   • Visit the Chief Controller of Imports and Exports (CCI&E) website or the CCI&E office.
   • Fill out the application form for the ERC, providing all necessary company and export-related details.
   • Submit the application along with the required documents to the EPB.
4. Verification and Issuance:
   • The CCI&E will review the application and verify the documents.
   • Once the documents are verified and the application is processed, the CCI&E will issue the ERC.
   • There may be a small fee involved in processing the ERC application.

Duration and Renewal:

• The ERC is typically issued for one year and must be renewed annually.
• Renewal requires submitting updated documents and payment of renewal fees.

In summary, the ERC is crucial for any business in Bangladesh wishing to participate in international trade. It not only ensures compliance with regulations but also helps exporters access benefits, incentives, and foreign markets.