The importation of capital machinery is crucial for industrial growth in Bangladesh. The issuance of a No Objection Certificate (NOC) for such imports is governed by the Bangladesh Investment Development Authority (BIDA) Act of 2016. This legislation outlines the procedures and requirements for obtaining NOCs, facilitating smooth trade activities and bolstering economic development.
Issuing Authority:
Name : Bangladesh Investment Development Authority (BIDA)
Address : E-6/B, Sher-e-Bangla Nagar, Agargaon, Dhaka 1207, Bangladesh
Email : service@bida.gov.bd
Required Documents
- Applications (Letterhead Pad)
- BIDA Registration (Photocopy of the original)
- Endorsed Machine List (Original)
- L/C (Photocopy of the original)
- Invoice (Photocopy of the original)
- Bill of Lading (Photocopy of the Original)
Process Steps
Step 1 Application submission with supporting documents: Applicants submit an application letter and necessary documents to BIDA, including business registration papers and an import license. This notifies authorities of the intention to import machinery and provides essential paperwork for assessment.
Step 2 BIDA Processing of the Application: BIDA reviews submitted documents to ensure compliance with regulations and assesses the economic viability of the proposed import. This involves verifying document authenticity, evaluating potential impact, and confirming adherence to import policies.
Step 3 Obtainment of Certificate: Upon successful processing, BIDA issues a No Objection Certificate (NOC), granting approval for machinery importation. The NOC includes importer details, machinery specifics, and any associated terms. Delivery is either physical or electronic, as per administrative procedures.
Fee Schedule
Not fee
Official Time Limit
24 Hours
Actual Time Limit
1-2 days