World-Cup Football 2022
United Commercial Bank (UCB)

Dhaka, Tuesday

29 November 2022

Business Insider Bangladesh

Govt extends validity of IRC, ERC to 5 years

BI Report || BusinessInsider

Published: 16:14, 24 November 2022   Update: 16:16, 24 November 2022
Govt extends validity of IRC, ERC to 5 years

Bangladesh govenment logo

The commerce ministry has extended the validity of both the Import Registration Certificate (IRC) and Export Registration Certificate (ERC) to five years from one year.

The ministry in a notification on Thursday said that as part of the ease of doing business and following the demand from businesses in the country, the government has decided to extend the registration validity for IRC and ERC.

The traders can get IRC or ERC as per the requirement of one to five years by paying the necessary fees. The tenure will be counted from the issuing date of the certificate. The IRC and ERC are renewable.

The trade bodies and businesses have been demanding extension of the tenure and a hassle-free renewal system for a long time.


Monetary Policy Stance
Budget 2020-21