8801933353515

Type of Import Registration
Certificate

Multinational IRC

Bangladesh, there is no official category called “Multinational IRC” issued by the Office of the Chief Controller of Imports and Exports (CCI&E). However, the term “Multinational IRC” may be used informally or misunderstood to mean one of the following:

🔍 What People Might Mean by “Multinational IRC”

  1. IRC for Multinational Companies (MNCs)

    • This refers to an Import Registration Certificate (IRC) obtained by a multinational company that operates in Bangladesh and needs to import goods for commercial or industrial use.

    • The IRC in this case is not different in form, but the company profile is multinational.

  2. Industrial IRC for Multinational Companies

    • Many MNCs have manufacturing plants in Bangladesh. They apply for an Industrial IRC to import raw materials, spare parts, or capital machinery.

  3. Commercial IRC for Trading MNCs

    • Some multinational trading companies or buying houses get a Commercial IRC to import goods for resale.

Why is IRC Needed for Multinational Companies?

Whether a company is local or multinational, it needs an IRC for the same core reasons:

  1. Legal Permission to Import

    • It is mandatory for any business (including MNCs) to obtain an IRC to legally import goods into Bangladesh.

  2. Customs and LC Requirements

    • IRC is required to:

      • Open a Letter of Credit (LC)

      • Complete customs clearance

      • Process import documentation

  3. Government Regulation and Reporting

    • IRC helps the government monitor and regulate import activities of MNCs.

  4. Foreign Exchange Regulation Compliance

    • MNCs must comply with Bangladesh Bank’s rules, and having a valid IRC is part of that framework.

Summary

Term Officially Exists? Who Needs It Type of IRC Used
Commercial IRC ✅ Yes Traders/Importers Commercial
Industrial IRC ✅ Yes Manufacturers Industrial
Multinational IRC ❌ No (Not an official term) MNCs operating in Bangladesh Commercial or Industrial (depending on business type)

Commercial IRC

Commercial IRC (Import Registration Certificate) is a legal document issued by the Office of the Chief Controller of Imports and Exports (CCI&E) under the Ministry of Commerce in Bangladesh. It is required for any business entity that intends to import commercial goods into Bangladesh.

There are two types of IRCs:

  1. Industrial IRC – for factories or industries to import raw materials or capital machinery.

  2. Commercial IRC – for businesses to import goods for trading or resale purposes.

Why is Commercial IRC Needed?

A Commercial IRC is essential for the following reasons:

  1. Legal Requirement

    • Importing goods without a valid IRC is illegal in Bangladesh.

    • It ensures the importer is registered and recognized by the government.

  2. Customs Clearance

    • Without an IRC, you cannot clear goods from ports or airports.

    • It is mandatory for preparing import documents (Bill of Entry, LC, etc.).

  3. Open Letter of Credit (LC)

    • Banks require a valid IRC to open an LC for import transactions.

    • It shows your legitimacy as a commercial importer.

  4. Regulatory Compliance

    • Helps maintain government records and control over importers.

    • Ensures importers comply with national trade policies.

  5. Tax and VAT Registration

    • Having an IRC is often tied with TIN and VAT registration.

    • Authorities use IRC information for monitoring import-based tax compliance.

Who Needs a Commercial IRC?

  • Importers and Traders

  • Distributors bringing foreign goods into the market

  • E-commerce or wholesale businesses importing items for sale

  • Buying Houses or Commercial Agents

Industrial IRC

Industrial IRC (Import Registration Certificate) is a legal document issued by the Office of the Chief Controller of Imports and Exports (CCI&E) in Bangladesh. It is specifically meant for industrial or manufacturing businesses that need to import raw materials, capital machinery, and spare parts for production purposes, not for resale.

✅ Why is Industrial IRC Needed?

If your business operates a factory or production facility, you need an Industrial IRC for several important reasons:

1. Legal Right to Import

  • Without an IRC, importing goods is illegal under Bangladeshi law.

  • It confirms that your factory is registered and permitted to bring in foreign materials.

2. Import of Raw Materials and Machinery

  • Industrial IRC allows you to import:

    • Raw materials

    • Packaging materials

    • Production-related equipment

    • Spare parts and capital machinery

3. Open L/C with Banks

  • You must have an IRC to open a Letter of Credit (L/C), which is needed to import goods through a bank.

4. Customs Clearance

  • IRC is mandatory for customs clearance at ports.

  • Without it, you cannot release imported goods from customs.

5. Eligibility for Bonded Warehouse (if applicable)

  • If you’re exporting goods and need bonded warehouse facilities, you must have an Industrial IRC.

6. Tax and Regulatory Compliance

  • IRC is linked with your TIN, VAT, and company trade license.

  • It ensures you’re in compliance with NBR, Customs, and Bangladesh Bank regulations.

📌 Who Needs an Industrial IRC?

  • Manufacturing companies

  • Factories and mills

  • Export-oriented industries

  • Processing plants (e.g. textiles, food, chemicals, etc.)

  • EPZ and non-EPZ industrial units

🆚 Difference Between Industrial IRC and Commercial IRC

Feature Industrial IRC Commercial IRC
Purpose For manufacturing/production use For trading/resale
Goods Allowed Raw materials, machinery Finished goods
User Type Factories, manufacturers Importers, wholesalers
Can Import for Resale? ❌ No ✅ Yes

Required Documents:

  • Valid Trade License
  • Tax Identification Number (TIN) / Updated Income Tax Certificate
  • National ID or passport copy of applicant
  • Bank Solvency Certificate
  • Membership Certificate of relevant Chamber or trade organizations
  • Memorandum & Article of Association for Limited Company, Partnership Deed for Partnership Firm
Scroll to top