A Recommendation Letter for Indemnity Bond Release Certification is a formal document issued to an authority or individual, validating and supporting the release of an indemnity bond. It confirms that all obligations under the bond have been met as per the Companies Act 1994 and the Import Policy Order 2015-2018, and recommending the clearance of associated liabilities.
Issuing Authority:
Leather goods and Footwear Manufacturer & Exporters
Association of Bangladesh
Erectors House
18, Kemal Ataturk Avenue (9th Floor),
Banani C/A, Dhaka-1213 Bangladesh
Email: info@lfmeab.org
Web: www.lfmeab.org
Required list of all documents:
1. Photocopy of the original Commercial Invoice
2. Packing List
3. Bill of Lading
4. LC
5. Bill of Exchange (BOE)/Shipping Bill
6. Indemnity
7. Machine Installation Certificate
8. Photocopies of the Original Proceeds Realization Certificates (Last Three Years)
9. TT Certificate
10. Application (letterhead pad of the applicant company)
Step by step all process:
Step 1 Prepare & submit Application: The applicant drafts the application on their official letterhead, clearly stating the purpose and necessity of the indemnity bond release certification. All required details must be included, and the application should be thoroughly formatted to ensure clarity. Once completed, the application is submitted along with all relevant supporting documents and any required fees. To avoid delays or rejection, it is crucial that the package is accurate, complete, and well-organized. Ensuring meticulous preparation and presentation will facilitate smoother processing.
Step 2 Application Review & Approval: Upon receiving the submitted application, the dispatch section checks all included documents for completeness and accuracy. Once verified, the application and documents are forwarded to the Executive Director or President. They conduct a thorough review to ensure all procedural and legal requirements are met. If everything is in order, the Executive Director or President approves the application by signing the file, signifying the official endorsement of the bond release certification. This streamlined process ensures both initial verification and final approval are efficiently completed.
Step 3 Obtain Letter: The applicant receives the signed recommendation letter, which serves as an official document verifying the release of the indemnity bond. This letter is crucial for finalizing the bond release and clearing any associated liabilities. The applicant can now proceed with any subsequent steps that require this certification**.**
Fee Schedule:
Fees BDT 2,000
Official timeline
3 days
Actual timeline