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How to become an Exporter:
To be an exporter, Export Registration Certificate (ERC) needs to be collected
from Chief Controller of Imports & Exports (CCI&E) by submitting the
following documents to CCI&E:
Application Form prescribed by CCI&E
Valid Trade License issued by City Corporation/Pourashava/Union
Parishad/ Joint Venture Agreement (For local and Foreign Partner
Joint venture investment)
Electronic Tax Identification Number (ETIN)/Updated Income Tax Certificate/
Up to date Income Tax Return Submission Acknowledgement Receipt
NID or passport copy of applicant
Bank Certificate from Authorized Bank
Membership Certificate of relevant Chamber or trade organizations
Registration Fee and Value Added Tax Fee (Both have to be deposited in
a Separate Specific Treasury Code) with Treasury Challan (List of fees are
attached).
In order to receive ERC on eventing service, in addition to above mentioned
documents, membership certificate from Bangladesh Eventing Agents and
Agency Agreement is required. For more information and online application, this
site can be visited: https://olm.ccie.gov.bd/faq
Then the business agency can go for exporting.
Steps in Export/ Export Process:
The process starts with proper planning and researching the market. The exporter need
to find the proper goods, buyer, product related rules and regulation of the destined
country, price negotiation, communication with buyer, transportation rules and fair,
incoterms, and banking procedures. The steps are as follows:
Collection of Export Registration Certificate (ERC) from CCI&E
Arranging formal sales offer with buyer (Proforma Invoice)
Receiving Letter of Credit from buyer’s Issuing Bank
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Negotiation with Authorizing bank for Export Finance
Production of goods and services
Quality control, quality assurance and completing required test and
inspection to collect necessary certificate as per buyer’s requirements and
importing country’s specific requirements like, Pre-shipment inspection,
Health Certificate, Sanitary and Phyto-sanitary Certificate, Quarantine
Certificate, Veterinary Certificate, Radiation Certificate,
Country of Origin Certificate, Rules of Origin Certificate (For preferential
tariff)
Negotiation with Freight Forwarding Agent, Shipping Agent, Clearing and
Forwarding Agent (C&F) and other transport agent
Preparation of Bill of Export/Shipping Bill and submit documents to
Customs Station
Shipment of Goods at Free on Board (FOB) basis
Send Export documents to Issuing Bank (Buyer’s Bank)
Repatriation of sales proceeds
Collection of Profit Realization Certificate (PRC) from authorizing bank
Flow chart of export procedures