- Proforma invoice is to be collected from the supplier
- Supplier’s banking details is to be provided.Consignee’s application to bank on letter head pad with the proforma invoice and banking details
- The bank will require Import Registration Certificate (IRC) to open the L/C. VAT Registration Certificate, TIN certificate, Trade License may be required by some banks in some cases.
- When the process is completed, the bank will open the L/C.
- The L/C opening bank will inform the supplier’s bank.
- Supplier’s bank will inform supplier about the receiving of the papers and ask them to ship the goods.
- When the documents are collected from bank and submitted to Customs, the goods can be released by customs brokerage.
Customs Clearance Procedures for Import
- For import goods into Bangladesh, shipping agents submit their manifest data (containing description of imported goods by ship) electronically to the Customs authority.
- In the case of import by truck (through land customs stations), trucking company/driver submits IGM to the customs authority.
- Once the Import General Manifest (IGM) is submitted online (In the case of import by truck, manually), the nominated C&F Agent (or the importer himself) completes the goods declaration (popularly known as Bill of Entry or B/E) from their own premises and submits the goods declaration to Customs systems through ASYCUDA World.
- The declaration or B/E has to be made in a specific format, known as Single Administrative Document (SAD).
The Prescribed Bill of Entry and Bill of Export Form Order, 2001 issued by the NBR outlines the documentary submission requirements.