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Export Import

There are many terms and abbreviation are available in export-import Business. Some most common abbreviation as follows:
  1. TIN=Tax Identification Number.
  2. VAT= Value Added Tax
  3. A.W. BILL= Air Way Bill
  4. P.S.I.= pre-Shipment Inspection
  5. H.S. Code= Harmonized System Code
  6. IRC= Import Registration Certificate
  7. IP= Import Permit
  8. L/C= Letter of Credit
  9. L.C.A.= Letter of Credit Authorization
  10. C/O= Country of Origin
  11. EXP= Export Permit
  12. B/E= Bill of Entry
Export-Import business is a self-made profitable business most of the time if you can do the business. its kind of own start up business and make more self in dependency with financial solvency. Bangladesh is a potential country for export import business. Now how one can start Export-Import business from Bangladesh as follows.

Step-1:
Buyer and seller agreement/proforma invoice/sales invoice:
This document is needed at first step to do Export-Import business. Exporter will send this document (Buyer and seller agreement/proforma invoice/sales invoice) to Importer.

Step-2:
Application:
An importer have to give an application to the local bank. In this application here will be some documents and certificates and these documents are:
1.Agreement/proforma invoice
2.Application
3.Trade Licence
4.Tin
5.VAT
6.IRC
7.Insurance
8.Margin Money

Step-3:
If local bank(example: Dutch Bangla Bank) accept the application then the (Bank) will send the LC to Exporter's Bank.

Step-4:
Confirmed Letter of Credit:
A confirmation letter will go to the exporter's Bank that is exporter's local bank will confirm the exporter about the document.

Step-5:
Product is Shipped:
If supplier think that LC is perfect that time he/she will go for shipment.

Step-6:
Document:
Exporter/Supplier also have to give some document to his local bank that is exporter's bank. Common documents are:
1. Commercial invoice
2.Packing List
3.Certificate of Origin
4.Certificate of Analysis
5.Bill of Lading
6.Bill of Exchange
These are the documents that have to submit to the exporters bank account. If exporter don't submit these document that time exporter will not eligible for the payment so its important.

Step-7:
Document:
exporter's bank will send these document(step-6) to the importer's bank.

Step-8:
Document:
If we are importer we will provide all our documents that we will get from our bank to the C and F agent to have our products. C and F agent will solve all the procedure( custom and so on) after that.

Step-9:
Money:
After completing all the task importer's bank will send money to the exporters bank.

Step-10:
Money:
Exporter will get the money from his local nominated bank. These are the procedure to do export-import business from Bangladesh. Whenever you will do practically you will be more clear. Best of luck.

A letter of credit is a document/letter which is basically used in export-import bussiness. The letter of credit is used as a guarantee by the importer/buyer’s bank to the exporter’s/seller’s bank stating that that importer/buyer’s payment to a seller/exporter will be received on time and for the actual amount of money. If the buyer/importer is unable to make the payment on the purchase, the buyer/importer’s bank will pay the full or remaining amount to Exporter’s. Based on importer/buyer’s Bank guarantee, exporters export the goods to the importer. Because of this letter of credit, payment in export import is guaranteed. On the other hand, importers/buyers also get loan from banks against this letter of credit and pay the amount after receiving goods from the seller/exporter.

Needed documents to open a letter of credit:
  1. Letter of credit Application Form
  2. Letter of credit Authorization Form
  3. IMP Form ( Import Form )
  4. Contact Form
  5. Document of Charge
  6. Guarantee Form
  7. Import Registration Certificate
  8. Membership Certificate
  9. Insuarance Cover Note and Premium Installment ship
  10. Copy of proforma Invoice/Indent
  11. TIN-Certificate
  12. Trade license
  13. VAT Certificate

Letter of credit is issued by the buyer/importer’s bank in favour of exporter/seller but if the exporter/seller does not have enough money or capital to export the goods then back to back letter of credit is issued by exporter/seller’s bank against buyer/importer’s letter of credit. Back to Back letter of credit can be used as the source of money for seller/exporter to buy, proces, manufacture and packaging the goods.

Because the two letters of credit are linked and dependent on one another, they are back-to-back letter of credit. It is important to note that back-to-back letters of credit typically mirror each other; that is, they have the same shipping, inspection and other terms. In this regard, the first letter of credit becomes the collateral for the second letter of credit.

Needed documents to open Back to Back letter of credit:
  1. Original copy of master letter of credit;
  2. Valid bonded warehouse license;
  3. Textile permission letter issued by Ministry of Textiles;
  4. In case of Limited Company, combined Capital Company’s incorporation certificate.
  5. Letter of credit Application
  6. IMP form (Import form)
  7. Proforma Invoice/Indent
  8. Insuarance cover note with premium installment slip.
  9. Filled and signed LCA form.
  10. CIB Report
  11. Quota Papers for Quota goods
  12. Trade License
  13. Valid IRC and ERC
  14. Membership Certificate of BGMEA
  15. Tin Certificate etc.
Who Provides Export Registration Certificates (ERC)?

Office of the Chief Controller of Imports & Exports provides ERC and IRC certificates. Click to get the contact information)

Procedure of Getting ERC?

To get an Export Registration Certificate, a businessman needs to undertake the following 3 steps:

Step 1: Collect ERC form from office of Controller Import and Export. (Click Here to View Sample Form/Original form from Bangladesh Trade Portal).

Step 2: Deposit schedule fees at Bangladesh Bank or designated branches of Sonali Bank. Sonali bank branches should be used only where Bangladesh Bank is not available). Collect and complete 3 copies of Chalan Form and pay the scheduled fee stated below:

ERC Fees:

Initial registration fees Renewal fees
Exporter BDT. 8,000.00 BDT. 5,000.00
Indentor BDT. 40,000.00 BDT. 20,000.00

Info Source: www.ccie.gov.bd

Step 3: Submit application form with recovery supporting documents
Documents required:
  1. Attested a recent passport size photo of applicant
  2. Attested photocopy of valid Trade License
  3. Attested photocopy of membership certificate from local Chamber of Commerce and Industry or relevant Trade Association
  4. Original copy of Treasury Chalan
  5. If a partnership business: Partnership Deed (certified attested copy)
  6. If a limited company: (certified attested copies)
    • Certificate of Incorporation
    • Articles of Association
    • Memorandum of Association

Reminder: Do not Forget to Collect Application Registration Number and Make copies of complete application package for self.

Contact Information
Phone: + 88 – 02- 9551556, + 88 – 02 – 9550289
Fax: + 88 – 02 – 9550217
Address:111-113, Motijheel Commercial Area, Dhaka – 1000.
E-mail: controller.chief@yahoo.com
Who Provides Import Registration Certificates (IRC)?
Office of the Chief Controller of Imports & Exports provides ERC and IRC certificates. Click to get the contact information)

Procedure of Getting IRC?
To get an Import Registration Certificate, a businessman needs to undertake the following 3 steps:

Step 1: Collect IRC form from office of Controller Import and Export. (Click Here to View Sample Form/Original form from Bangladesh Trade Portal)

Step 2: Deposit schedule fees at Bangladesh Bank or designated branches of Sonali Bank. Sonali bank branches should be used only where Bangladesh Bank is not available). Collect and complete 3 copies of Chalan Form and pay the scheduled fee stated below:

IRC Fees:

IRC fees depends on value of import and there are six categories:

Category Ceiling of Annual Import Initial Registration Fees Annual Renewal Fees
First BDT 500,000 BDT 5,000 BDT 3,000
Second BDT 2,500,000 BDT 10,000 BDT 6,000
Third BDT 5,000,000 BDT 18,000 BDT 10,000
Fourth BDT 10,000,000 BDT 30,000 BDT 15,000
Fifth BDT 50,000,000 BDT 45,000 BDT 22,000
Sixth Above BDT 50,000,000 BDT 60,000 BDT 30,000

The above chart includes govt. fees and excludes the speed money.


Info Source:www.ccie.gov.bd

Step 3: Submit application form with recovery supporting documents

Documents required:
  1. Attach a recent passport size photo of applicant
  2. Attested photocopy of valid Trade License
  3. Tax Identification Number (TIN)
  4. Attested photocopy of membership certificate from local Chamber of Commerce and Industry or relevant Trade Association
  5. Original copy of Treasury Chalan
  6. If a partnership business: Partnership Deed (certified attested copy)
  7. If a limited company: (certified attested copies)
    • Certificate of Incorporation
    • Articles of Association
    • Memorandum of Association
  8. Prove of Previous Year Tax Payment (If Applicable)
  9. Citizenship Certificate from Ward Commissioner/Chairman of Union Parishad or Pourashava
  10. Bank Solvency Certificate of the Company.

Reminder: Do not Forget to Collect Office Entry Number and Make copies of complete application package for self.
Contact Information

Phone: + 88 – 02- 9551556, + 88 – 02 – 9550289
Fax: + 88 – 02 – 9550217
Address:111-113, Motijheel Commercial Area, Dhaka – 1000.
E-mail: controller.chief@yahoo.com
1. What is Bonded Warehouse License?

Bonded Warehousing means the facility provided to export oriented industries for importing inputs/raw materials and packaging materials without paying any duty or taxes. The National Board of Revenue (NBR) provides Bonded Warehousing benefits to a wide range of industries to encourage export oriented industrialization and facilitate exports.

Bonded warehouse facility is important for the export-oriented industries, as it enhances export competitiveness. It is enjoyed by both direct exporters and deemed exporters. ‘Deemed exporters’ are those industries that do not have any direct export operations, and instead carry out their activities through subcontracting and receive their proceeds in foreign exchange through local back-to-back letters of credit.

The NBR and the Customs Bond Commissionerates effectively supervise bonded warehouse activities.



2. Categories of Bonded Warehouse License?

Depending on the types of inputs/raw materials used, the purpose of their use, and the type of exports, bonded warehouses are basically of two categories: Special bonded warehouse and general bonded warehouse.

  1. Special bonded warehousing is applicable for 100% export-oriented readymade garments industries, which include woven garments, knitwear and sweater manufacturing industries.
  2. General bonded warehousing applies to other 100% export-orient oriented industries. These include-
    1. 100% export-oriented ship building industry,
    2. Accessories industries for:
      1. Deemed exports (e.g. 100% export-oriented packing/carton, label, polybag, button, hanger etc. firms), and
      2. Direct exports.
    3. General Bonded Warehouse for home consumption e.g. British American Tobacco. These are basically deferred payment facility for 6 months. Duties are paid when raw materials/goods are cleared.
    4. Diplomatic & privileged persons bonded warehouse (e.g. M/s Toss Bond (Pvt) ltd., M/s H Kabir& Co. Ltd; Biman Bangladesh Airlines; Bangladesh Parjatan Corporation). Duty free articles are sold from these bonded warehouses in foreign currency to diplomats &privileged persons residing in Bangladesh.
    5. Bonded enterprises situated in the Export Processing Zones.
    6. Bonded enterprises situated in the Economic Zones.
    7. 100% export-oriented deemed-to-deemed export industries.

3. Procedures of Getting Bonded Warehouse License

Step 1: Collect or download Bond License Application form. (Click here to Download)

Step 2: Collect applicable all documents needed.

Step 3: Fill up the Bond License Application form correctly. If needed, you can consult with Bond License Branch.

Step 4: Submit application form with all documents. During submission, ensure that concern receiving officer checked the application and write comment "All documents submitted along with application" on your received copy and give a receive number on it.

Step 5: Take the date and time of visit to your premises to see the factory facilities and information provided by you.

Step 6: If any wanting is there, please providing it as early as possible to get the license in short period of time.

Step 7: After inspection, officers will submit a report. It should be approved by Commissioner.

Step 8: After getting approval from Commissioner, please collect License Form and back it after typing information on it.

Step 9: Submit appropriate fees and General Bond.

Step 10: Then appear all directors/partners/proprietor in person before officer in charge for signing the License.

Step 11: Receive the Bond Licenses

4. Required Documents for Bonded Warehouse License

1 Application on Standard Format with appropriate revenue stamp
2 BOI/BSCIC Registration
3 Company TIN and Certified copy of wealth statement issued by Income Tax Department (IT-10B) for all directors/owner
4 Updated trade license
5 Updated Fire License
6 Value added tax (VAT) Registration certificate (Business Identification Number- BIN)
7 Recommendation by concern business association (if applicable). If applicant is not member of association, he can apply without recommendation for Bond License.
8 Name, Designation, present and permanent address, signature and photo attached/put on non-judicial stamp of value BDT 300/- of owner/directors. It should be duly notarized by competent authority and be attested by the lien bank(s).
9 Boiler certificate (if applicable)
10 One original copy of Memorandum and Article of Association and Certificate of Incorporation issued by RJSC (if applicant is a company)
11 Purchase document for machinery. Invoice and Bills of Entry for import and VAT invoice (Challan) for local purchase.
12 Two copies of layout plan of factory. It could be ammonia printed and duly signed by registered engineer.
13 Deed of land/space ownership or Duly notarized Rental deed (incase of rental space)
14 Affidavit (Halafnama) to follow the law, rules and procedures on non-judicial stamp of value BDT 300/- by Managing Director/Proprietor/Sole Partner. It could be duly notarized by competent authority.
15 Certificate from lien bank(s) that the applicant has financial strength to submit General Bond of appropriate amount of money.
16 License fee of BDT50,000/ + 15% Vat

NB: 1. License fee to be deposited to the treasury in Account
2. General Bond to be printed on non-judicial stamp of value BDT 2000/- after approval of license.
3. 15% VAT is applicable on license fee. It could be deposited in the treasury using Account code of the concern VAT Comissionerate under which the applicant isregistered for VAT.

5. Bond Entitlement

Bonded warehouse license holders are needed to submit general bond of differing values to Customs in order to clear their consignments. Commissioner of Customs may increase the value of General Bond. At present, value of general bond for different types of bond license holders are as follows:

  1. Deemed Exporter: Tk. 10,000,000
  2. Direct exporters (Knit, Woven, Sweater): Tk. 30,000,000
  3. Both Deemed and Direct Exporter: Tk. 20,000,000
  4. Diplomatic, Duty Free and Duty paid Bond: Tk. 30,000,000

6. Bonding Period

For export-oriented industries, bond period varies from industry to industry. Bonding periods are shown below:

Bonded warehouse types Bonding period
Special Bonded Warehouse 24 Months; Commissioner reserves the power to extend the bonding period for a maximum of 6 months
Direct Exporter 24 Months; Commissioner reserves the power to extend the bonding period for a maximum of 6 months
Home Consumption Bond (e.g. British American Tobacco, Hayes and Haier, Meghna, Citi group, TK) 6 Months; Commissioner may extend the bonding period for 3 months and NBR may further extend the bonding period for 3 months
Deemed Exporter 24 Months; however, Commissioner reserves the power to extend the bonding period for a maximum of 6 months
Diplomatic and privileged persons Bonded warehouse 12 Months; Commissioner may extend the bonding period for 3 months and NBR may further extend the bonding period for 3 months
Ship Builders Bond 48 Months; bonding period is extendable.

7. Bonded Areas

Bond license shall be issued only in the declared bonded areas.National Board of Revenue has issued several SROs declaring bonded areas over the country. The following areas are declared as Bonded Areas.

1. Dhaka District
(a) Dhaka City CorporationArea
(b) Ashulia
(c) Turag
(d) DaskhinKhan
(e) UttarKhan
(f) KamrangirChar
(g) Dhamrai
(h) Keranigonj
(i) Savar
(j) Janata Tower, Kawran Bazar,Dhaka.

2. GazipurDistrict

(a) Tongi
(b) GazipurSadar
(c) Joydebpur
(d) Kaliakoir
(e) Shreepur
(f) Kapashia
(g) Kaligonj

3. ManikgonjDistrict
(a) Satoria
(b) ManikgonjSadar
(c) Shibaloy
(d) Shingair

4. NarayangonjDistrict
(a) NarayangonjSadar
(b) Araihazar
(c) Sonargaon
(d) Fatulla
(e) Rupgonj
(f) Bandar
(g) Siddirgonj

5. Munshigonj District
(a) MunshigonjSadar
(b) Gazaria
(c) Shreenagar
(d) Laohajong
(e) SirajdiKhan

6. Mymensing District
(a) Bhaloka
(b) Trishal
(c) Nandail
(d) Gaforgaon

7. Tangail District
(a) TangailSadar
(b) Kalihati
(c) Mirzapur

8. Narsingdi District
(a) NarsingdiSadar
(b) Palash
(c) Ghorashal

9. Kishorgonj District
(a) Koliarchar
(b) Bhairab

10. Jamalpur District
(a) Jamuna Fertilizer area of Sharisha Bari Upazila

11. Khulna District
(a) Khulna MetropolitanArea
(b) Rupshi

12. Barishal District
(a) Barishal City Corporation area

13. Rangpur District
(a) Rangpur Pawra area including BSIC industrial area

14. Habigonj District
(a) MadabpurUpazila

15. Sirajgonj District
(a) ShahjadpurUpazila

16. Faridpur District
(a) SadarUpazila

17. Kustia District
(a) BSCIC Industrial Area

18. Jessore District
(a) City Corporation Area

19. Cox's Bazar District
(a) TeknafUpazila

20. Mawa : No. 4 Sharta Khali Unoin under Shalikha Thana.

These documents are submitted to the C&F customs House for importing goods:

  1. Bill of Entry (Attachment)
  2. Copy of Bill of Lading (Attachment)
  3. Copy of Invoice (Attachment)
  4. Packing List (Attachment)
  5. Certificate of Origin (Attachment)
  6. Utilization Permission and Utilization Declaration (Attachment)
  7. VBF-6 (Attachment)
  8. There is no need of bond or stamp for RMG sector. On other import products, if the import value is less than 10 lacs Tk. Them the stamp value of 1000 Tk will be applicable and if the import value is more than 10 Lac the stamp value of 200 Tk will be applicable
  9. Copy of original Master L/C (Attachment)
  10. Letter of Credit Authorization (Attachment)
  11. Proforma Invoice (Attachment)
  12. Copy of Insurance Cover Note
  13. PSI certificate if the industry is not export oriented.
9. PRE-SHIPMENT INSPECTION PROCESS

1. Government of many countries require pre-shipment inspections (PSI). Inspection of imports at the pint of supply is mainly designed to protect the interest of the buyers in the international purchasing process A pre-shipment inspection includes: physical identification of the goods in the country of supply or export to ensure that the goods are in accordance with the description declared by the exporter. This is to ensure that the price is reasonably in line with current export prices from the country of supply or world market prices. Verification of price provides customs with accurate data for the collection of import taxes and levies. The description of product, its assortment & value setting is the duly of PSI Agent.


2. Pre-shipment Inspection is compulsory for these products: PSI is compulsory for all the products listed in SRO No-162-law/2000/1843/ Tariff date 08/06/2000.


3. Present PSI Agent: Govt. appointed 4 PSI agents in 5 blocks.


4. In the time of L/C opening, the name of the govt. appointed vistorial organization must be mentioned according to the area.


5. In the PSI process, in the time of opening a L/C an importer must be carful about the description of the goods, assortment or HS code and prices accuracy and CRF issued by PSI agent after his inspection must be comprised with the data of L/C and proforma Invoice or indent.


6. CRF correction tax has to be managed to send to the tax authority through direct/fax/email if there is any incompatibility found in CRF.


7. Dispute Resolution: Correction of CRF- If PSI agent gives any objection, after product release, Importer can resolute the dispute in three steps according to SRO No. -163-law/2000/1844/ Tariff date 08-06-2000.


8. Any certification incompatible to PSI order, importer’s commercial bank guarantee and industries can discharge the invoice depending on declaration.

Documentation plays a vital role in Export Business. Business contract implementation mainly depends upon creating and submitting documents accurately. On the other hand, if the document is not created accurately, many problems can be created such as does not get materials price in time. Generally, export any material out of the country, following documents are to submit before shipments.


Needed Documents
  1. Photocopy of export agreement
  2. Photocopy of L/C
  3. Export form
  4. Commercial invoice
  5. Packing list
  6. Bill of lading or airway bill
  7. Certificate of origin
  8. Bill of exchange (BOI)
  9. Marine insurance policy etc.

These certificates should be submitted in special occasion:

  1. Quality control certificate
  2. FYTO sanitary certificate
  3. GSP/SAPTA/GSTP certificate
  4. Inspection certificate
  5. (For exporting food products in USA) Registration certificate with USFDA

An export contract is entered between an exporter and an importer belonging to two different countries for selling and purchasing of goods. This contract is used for the internal sale of certain products. This contract is called Proforma Challan, which works as the foundation of Export Business.


Mainly these subjects are included in the agreement:

  1. Product Description
  2. Products quality and quantity
  3. Price (FOB/C&F/CIF or any other trade conditions & Terms
  4. Conditions for payment of price
  5. Time & Place of product’s shipment
  6. Conditions for trade
  7. Description of Packing & Marking
  8. Product’s Insurance
  9. Description of Objection resolution process arise from mentioned & non-mentioned terms of the agreement

A commercial invoice is a customs document. It is used as a customs declaration provided by the person or organization that is exporting an item or product from one country to another. Although there is no standard format, the document must include a few specific pieces of information such as the parties involved in the shipping transaction, the goods being transported, the country of manufacture and the Harmonized System coded for those goods. A commercial invoice must often include a statement certifying that the invoice is true and a signature.


Tips while Submitting the Commercial Invoice

  1. Invoice Number & Invoice Date must be mentioned above the invoice and that should be signed by the exporter or his approved agent.
  2. The details description mentioned in the invoice must be compatible with the description of Letter of Credit
  3. Shipping mark and number, total & net weight of the product mentioned in the invoice, not only compatible with L/C but also compatible with Bill of Lading, Packing list etc. & other related certificates.
  4. The number of copy of the invoice must be compatible with the demand of L/C. Among all the copy, importer’s signature is necessary in 2 of the copies of which one copy will be submitted to Bangladesh bank attached with the EXP form and another copy will be preserved in the record of negotiating bank.

Packing list is an itemized list of articles usually included in each shipping package, giving the quantity, description, and weight of the contents. Prepared by the shipper and sent to the consignee for accurate tallying of the delivered goods. It helps the buyer & shipping company the find out the exact exported goods and cleared them easily

Certificate of Origin is the document that certifies a shipment’s country of origin. It is used between members of a trading block such as European Countries or where special privileges are granted to goods produced in certain countries. Certificate of Origin is commonly issued by a trade promotion office, or a chamber of commerce in the exporting country. It is also called declaration of origin.


Documentation

The following documents must be attached to collect certificate of origin:

  1. Duly filled certificate of origin set filled by the applicant
  2. Shipping bill authorized by customs
  3. Non-negotiable bill of lading
  4. Export L/C (attested by Bank)
  5. Back to Back L/C (attested by bank) Definite amount of pay order
  6. Identification card issued by BGMEA
  7. Up to date enrollment certificate
  8. Application form of certificate of origin (supplied by EPB)
  9. VISA Wing form (Supplied by EPB)
  10. Commercial Invoice
  11. Packing List

For More Information Please Contact Export Promotion Bureau.

Address: 1, Kawran Bazar, Dhaka-1215

Website: www.epb.gov.bd

Phone: 9188821-4, 8151496, 9128377

Bill of Entry is a declaration by an importer or exporter of the exact nature, precise quantity and value of goods that have landed or are being shipped out. Prepared by a qualified customs clerk or broker; it is examined by customs authorities for its accuracy and conformity with the tariff and regulations.

A proforma invoice can also be used for shipments, containing items that are not being bought or sold, such as gifts, samples, and personal belongings, whereas a commercial invoice I used when the commodities shipped are being bought or sold. However, it is best to use a customs invoice or declaration as border officials require values for the export declaration.

Generally, this certificate is collected from existing inspection organization of exporter’s country. Inspection organization certified that, product quality and specific standards and other matters maintained as the description of L/C. Generally, the buyer selects inspection company. What type of inspection they perform is also suggested by the buyer.


To get this certificate, these documents are submitted to the local agent:

  1. One copy of commercial Invoice
  2. One copy of Packing List
  3. One copy of Bill of Lading
  4. One copy of Visa, License & Certificate of Origin each
  5. Any Other Documents required as per L/C

Exports list from Bangladesh

  • Frozen Food
  • Fish
  • Dried
  • Salted & dehydrated
  • Animal casings
  • Agricultural products
  • Vegetables
  • Fruits
  • Cut flower
  • Betel leaves
  • Potato
  • Dry fruits
  • Bay leaves
  • Rice
  • Tobacco
  • Cigarettes
  • Feature film
  • Jewellery
  • Biscuits
  • Jamdani saree
  • Circuit breakers
  • Tents
  • Footwear
  • Tooth brush
  • Camera parts
  • Iland gloves (Leater)
  • Artificial flowers
  • Home Textiles
  • Ceramic tableware
  • Stainless steel wares
  • Electric bulb
  • Toys
  • Printed circuit board
  • Integrated circuits
  • Integrated circuits
  • Others Mfd. products
  • Zipper
  • Melamine tableware’s
  • Leather bags & purse
  • Electric Wires
  • Telephone cables
  • Coil assembly
  • Generator
  • Transformer
  • Engineering Products
  • Raw cotton
  • Cotton waste
  • Black cumin seed
  • Spices
  • Others
  • Tea
  • In packet
  • In bulk
  • Crude fertilizer
  • Raw jute (fiodi.com jute products supplyer)
  • Tortoise & turtles
  • Crabs
  • Duck chest feather
  • Ball pan
  • Golf shaft
  • Silk fabrics
  • Other articles of leather
  • Bi-cycle
  • Gift items
  • Accumulator battery & parts
  • Lamp & light fittings
  • Aquarium fish
  • Crude drugs
  • Bamboo poles
  • Rattans
  • Beeswax
  • Jute ropes
  • Printed materials
  • Stationery items
  • Textile fabrics
  • Aluminium household article
  • Video/Audio cassette
  • Radio & Radio recorder
  • Television sets
  • Indicator Lamp
  • VCR/VCP
  • Ro Ro ferry
  • Fishing reel
  • Electronics
  • Computers
  • Computers accessories
  • G.I. Pipe
  • Iron Chain
  • Cast Iron articles
  • Jackets
  • Brooms
  • Dry food
  • Coir & Coi-products
  • Human hair
  • Wood & timbers
  • Copra wast
  • Hukkanali
  • Horns & hooves
  • Molasses bh
  • Petroleum by products
  • Naphtha
  • Furnace oil
  • Bitumen
  • Chemical products
  • Glycerin
  • Garment
  • Pharmaceuticals
  • Chemical fertilizer
  • Cosmetics
  • P.V.C. Pipe
  • P.V.C. Bags
  • Soap toilet
  • Soap washing
  • Newsprint
  • Paper
  • Rayen yarn
  • Ceramic sanitary ware
  • Insulator
  • Polythene sheet
  • Synthetic ropes
  • Specialized textile & Household linen
  • Leather (Curst/Finished)
  • Jute goods (all sorts)
  • Jute yarn & twine
  • Jute carpet (fiodi.com jute products supplyer)
  • Jute manufactures
  • Handicrafts
  • Specialized textile & Household linen
  • Terry towel
  • Knit wear
  • T. Shirts
  • Sweater
  • Ready-made Garments
  • Shirts
  • Trousers

These are the widely exportable items and exports products from Bangladesh. We need to find out more exportable items for Bangladesh, So that the economy of Bangladesh will bring a positive change. Bangladesh need more interested business initiative Example:One of the popular exporter of jute products from Bangladesh is www.fiodi.com they are the jute and craft exporter from Bangladesh

For export development growth, govt. offered several incentives and facilities to the exporters. As an exporter, you can use these facilities to develop your commercial institute’s future, on the other hand, you can contribute in the economic development of our country and fell proud for it. Facilities are given below:

  1. Declaring 80% export oriented leather industries as 100% export-oriented industries
  2. Other 80% export oriented leather industries as 100% export-oriented industries
  3. Restructuring of the Export Credit Guarantee Scheme (ECGS)
  4. Bonding Facilities for export-oriented industries
  5. Payment of duty drawback through commercial banks
  6. Reduced airfreight for export of all crash programme items including fruits and vegetable
  7. Withdrawal of royalty from foreign airlines extending cargo services
  8. In order to increase the export of agro based products, necessary assistance will be provided to the high value added agricultural products
  9. With a view to further simplifying export procedures, from now on, export may be effected without L/C on the basis of purchase contract, agreement, purchase order or advance payment. In such cases, the exporter will be required to submit only the EXP form and the shipping Bill
  10. Establishment of fashion institute
  11. Import of grey clothes
  12. Relaxation of provisions for iport of raw materials for export-oriented industries
  13. Rebate on insurance premium
  14. Waiver on shipment of goods: To avoid unnecessary delay in shipment of export cargo the Ministry of Shipping will grant waiver for shipment of export goods except those which are covered withing 24 hours of receipt of application in the transportation of export goods. Besides, an exporter should decide to charter an aircraft for quick transportation of his export consignment, the government will consider for according necessary permission in this regard
  15. Direct air booking facility from Rajshahi and Syedpur airports up to the destinations shall continue for export of fresh vegetable and other perishable items produced in the northern regions of the country to ensure quick transport and preservation of quality
  16. Exporters may obtain export credit from commercial banks upto 90% of the value of their irrevocable letter of credit/confirmed contract
  17. For import of raw materials through back to back L/C by 100% export-oriented industries, restriction s of the import policy order or the requirement of this rules of origin shall be relaxed
  18. IN view of the risks involved in carrying of cash foreign exchange/traveler cheque while undertaking business trip abroad, the practice of issuing credit cards to exporters against their respective foreign exchange entitlements will continue.
  19. Duty free Import of capital machinery by export-oriented industries
  20. Exporters are allowed to use foreign currency accounts in US dollar or Pound Sterling
  21. Export Promotion Fund is established to provide support to producers or exporters off new and non-traditional items including those under the crash programme for product development and product and market diversification
  22. Export on the basis of sub-contracting
  23. Annual ceiling for dispatch of export samples
  24. Extension of time-limit for adjustment of Export Credit form 180 days to 270 days
  25. Offering tax holiday to export oriented industries
  26. Import of samples for each category of garments
  27. Increased import facilities of samples for product development
  28. Multiple entry visa to importers and foreign investors
  29. Strengthening training or export related matters
  30. Income tax rebate on export earning
  31. Exporters of manufactured products are entitled to flat rate drawback
  32. Local raw materials used as direct import for export production for products supplied to local projects procurement in foreign exchange against international tender are regarded as “deemed export” and qualify for al export incentives and benefits including duty drawback
  33. No overdue interest will be charged by the commercial banks in cases of export against irrevocable letter of credit on sight payment basis. In such cases, however, exporters will be required to submit necessary export documents within the specified time.
  34. Awarding national export trophy o the most outstanding exporters
  35. Commercially important persons are selected from the highest export performers item-wise in recognition of their contribution to export every year
  36. Simplification of the procedure for refund of VAT pain on export support services
  37. Bonding facilities for export-oriented industries
  38. Participation in International Trade Fairs, Organizing Single Country Exhibitions and undertaking market development programmes abroad
  39. Re-export & Entre-pot facility
  40. Export related training organized under National Export Training Event by Export Promotion Bureau.