Import against LCA Form but without opening of Letter of Credit (L/C)

Import against LCA Form but without opening of Letter of Credit (L/C) - Import against LCA Form may be allowed without opening of Letters of Credit in the following cases:

(a) Import of books, journals, magazines and periodicals on sight draft or usance bill basis;

(b) Import of any permissible item for an amount not exceeding US Dollar 50,000/- (fifty thousand) is allowed only during each financial year against remittance made from Bangladesh; in case of Myanmar---
(i) Import of rice , wheat, maize,soyabin oil, palm oil, onion and fish items valued upto twenty thousand US dollar in a single consignment and other items valued ten thousand US dollar and
(ii) Import of rice under Public Sector valued upto US $ two million in a single consignment shall be importable and in this case above mentioned annual ceiling of fifty thousand US dollar shall not be applicable.

(c) Import under commodity aid, grant or such other loan for which there are specific procurement procedures for import of goods without opening any L/C: and

(d) Import of “international chemical references” through Bank drafts by recognised pharmaceutical industry on the approval of Director, Drugs Administration for the purpose of quality control of their products.

Import against Import Permits and in special cases against Clearance Permit (for clearance of goods on payment of fine)- In the following cases, neither LCA Form nor opening of L/C will be necessary; but Import Permit (IP) or Clearance Permit (CP) will have to be obtained by the importer, as for example---:

(a) Import of books, magazines, journals, periodicals and scientific and laboratory equipments against surrender of UNESCO Coupons;

(b) Import under Pay-As-You-Earn-Scheme in the following cases only on the basis of clearance of the Bangladesh Bank :

(i) New or not exceeding ten years old plant and machinery of permissible specification;

(ii) New or not exceeding five year old motor cars;

(iii) Cargo or passenger vessel of steel or wooden bodies, including refrigerated vessel of any capacity either new or not exceeding fifteen years old :Provided that in case of ocean going old ships, not exceeding twenty five years old shall be importable;

(iv) Import of plant and machinery for export-oriented industrial units with the clearance of the competent sanctioning authority, wherever necessary;

(v) Trawlers and other fishing vessels, either new or not exceeding twenty five years old: Provided that for import under this scheme the sanctioning authority of such import shall forward a copy of sanction letter to the Chief Controller and the importer shall apply to the CCI&E along with necessary papers for prior permission;

(c) Import of item(s) by passenger coming from abroad in excess of the permissible limits of quantity/value as per the relevant baggage rules, provided the import of the said item(s) is permissible under the relevant baggage rules;

(d) Import of samples, advertising materials and gift items above the ceiling prescribed as per paragraph 12 of this Order;

(e) Import of only drugs and herbal medicines under bonus system subject to the condition that it shall be obligatory on the part of the importers concerned to pass on the benefit to the consumers. The Director, Drugs Administration shall devise appropriate procedure in this behalf;

(f) Import of capital machinery and spare parts, as share of capital of the foreign share-holder for an approved joint venture or 100% foreign investors industrial unit already set up or to be set up;

(g) Import of any other goods, not specifically exempted from permit.


Import on Deferred Payment Basis or Against Supplier’s Credit- Subject to restriction and prohibitions contained in this order, import on deferred payment basis or against Suppliers Credit may be allowed on the basis of procedure laid down by the Bangladesh Bank in this behalf.

Import against direct payment abroad- Only Bangladeshi nationals living abroad may send any importable item irrespective of value ceiling against direct payment abroad in the name of any Bangladeshi living in Bangladesh. The name and address of the consignee shall be mentioned in the import documents, in such case.

(a) No permission or import permit from the Import Control Authority shall be necessary ;

(b) In this case a certificate from the Bangladesh embassy in that country as an earner of foreign exchange has to be submitted. Sender’s passport No., occupation, annual income, period of stay abroad etc. shall have to be mentioned in that certificate;

(c) The payment receipt of the goods shall be certified by the Embassy.

Time limit for opening of L/C- 

(a) Unless otherwise specified, for import under cash foreign exchange, letter of credit shall be opened by all importers within one hundred and fifty days from the date of issue or from the date of registration of LCA form:

Provided that the above time limit may be extended upto such time as deemed fit by the Chief Controller;

(b)For import under foreign aid/grant and barter/STA, L/C shall be opened within the time limit as may be notified by the Chief Controller.