Bonded Warehouse License in Bangladesh: How to Apply and Requirements

A bonded warehouse license can be a game-changer if you are engaged in importing goods on a large scale in Bangladesh. By obtaining this license, you can significantly reduce expenses by importing duty-free goods, provided that you meet certain conditions, such as importing 100% of the goods. However, if you prefer not to import duty-free goods, you have the option to pay the applicable duties, taxes, and other charges while importing or producing goods locally without the need for a bonded warehouse license.

In this comprehensive guide, we will walk you through the process of obtaining a bonded warehouse license and outline the necessary documents and requirements.

1. Completed Application Form: Ensure you fill out the designated application form accurately.

2. Non-Judicial Stamp of BDT 1000: Purchase and affix three crore non-judicial stamps worth BDT 1000 each.

3. Trade License: Provide a copy of your trade license.

4. Income Tax Certificate (IRC): Furnish the Income Tax Certificate (IRC) for industrial and commercial undertakings.

5. Import Registration Certificate (IRC): Submit the Import Registration Certificate (IRC).

6. For Limited Companies: If your business is a limited company, include the Memorandum and Articles of Association, as well as the Certificate of Incorporation.

7. Taxpayer Identification Number (TIN): Include your TIN certificate.

8. VAT Registration Certificate: Provide a copy of your VAT Registration Certificate.

9. Bank Solvency Certificate: Obtain a certificate from your bank confirming your financial stability.

10. Membership Certificate: If you are a member of any relevant association, provide the membership certificate.

11. Rental Agreement or Ownership Proof: Submit the rental agreement for your warehouse or documents proving ownership.

12. Environmental Clearance Certificate: Obtain a certificate from the Department of Environment (DoE).

13. Fire Service Certificate: Include a certificate from the Fire Service and Civil Defence.

14. Nationality Certificate: Provide your nationality certificate.

15. Passport-Sized Photographs: Attach two copies of passport-sized, verified photographs of the management team/owners.

16. Machinery Import Documents: If applicable, include documents related to the import of machinery.

17. Factory Layout Plans: Submit two sets of factory layout plans.

18. Non-Judicial Stamp for Declaration: Purchase a non-judicial stamp for the declaration.

To apply for a bonded warehouse license, you must submit the required documents to the relevant authorities. Make sure to complete the application form accurately and pay the necessary fees.

Once your application is processed and approved, you will be eligible to enjoy the benefits of a bonded warehouse, including the option to import duty-free goods and potentially receive a 25% cash benefit as per the current rules. You can claim this cash benefit through the DEDO office and receive it through your bank.

In conclusion, a bonded warehouse license in Bangladesh offers significant advantages to businesses engaged in large-scale imports. Ensure you meet the criteria and have all the necessary documents ready to streamline the application process and enjoy the financial benefits it offers.