{"id":22345,"date":"2020-12-19T12:03:34","date_gmt":"2020-12-19T06:33:34","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=22345"},"modified":"2021-11-29T17:44:21","modified_gmt":"2021-11-29T12:14:21","slug":"importing-and-exporting-vegetables-under-iec","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/importing-and-exporting-vegetables-under-iec\/","title":{"rendered":"Importing and Exporting Vegetables from India to Bangladesh &#038; Vice Versa under IEC"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Over the years, the export of organic products has reached a new height as the world begins to understand the importance of a healthy lifestyle. Bangladesh is the leading producer of organic products in the world right now.&nbsp;At present, the country is exporting wide varieties of vegetables to 40 different countries. If you are aiming to establish an organic products export business in Bangladesh then you are on the right page. In this blog, you will come across challenges, requirements, and legal obligations for setting a business for Exporting Vegetables from Bangladesh.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/importing-and-exporting-vegetables-under-iec\/#Opportunities_Linked_with_the_Export_of_Organic_Items\" >Opportunities Linked with the Export of Organic Items&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/importing-and-exporting-vegetables-under-iec\/#Things_to_Consider_for_Exporting_Vegetables_from_Bangladesh\" >Things to Consider\nfor Exporting Vegetables from Bangladesh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/importing-and-exporting-vegetables-under-iec\/#Legal_Requirement_to_be_Addressed_for_Importing_Exporting_Vegetables_from_Bangladesh\" >Legal Requirement to be Addressed for Importing &amp;\nExporting Vegetables from Bangladesh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/importing-and-exporting-vegetables-under-iec\/#Online_Procedure_for_Obtaining_Import_Export_Code_from_DGFT_India\" >Online\nProcedure for Obtaining Import Export Code from DGFT India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/importing-and-exporting-vegetables-under-iec\/#Conclusion\" >Conclusion&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Opportunities_Linked_with_the_Export_of_Organic_Items\"><\/span>Opportunities Linked with the Export of Organic Items&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The major source of revenue of Bangladesh lies in the\nagricultural sector. The country constantly strives to improve existing\nagricultural infrastructure to meet global demand. The following would make\nyou&#8217;re familiarized with challenges and opportunities related to the adoption\nof organic farming in Bangladesh.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Challenges Linked with Organic Farming&nbsp;<\/h3>\n\n\n\n<ul><li>Drastic surge in the occurrence of natural calamities owing to climate change.\u00a0<\/li><li>Rampant use of pesticides and fertilizers accountable for degrading the quality of the agricultural produce as well as soil<\/li><li>Transition from conventional to organic farming<\/li><li>Organic farming is vulnerable to pest attack since it prohibits the use of pesticides.\u00a0<\/li><li>Lower production volume per unit area.\u00a0<\/li><\/ul>\n\n\n\n<p>All these obstacles have motivates the government to invest more\ncapital in organic farming methodologies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Opportunities under Organic Farming <\/h3>\n\n\n\n<ul><li>Organic rice is high in demand, especially in the overseas market. It ensures good returns to the farmer.<\/li><li>Bangladesh\u2019s climate and the land are highly suitable for organic farming. The harvesting can be done 365 days.<\/li><li>Owing to the ill-effect of pesticides, the farmer can be convinced to opt for organic farming in place of conventional farming.\u00a0<\/li><li>The labor in <strong><em>Bangladesh<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Bangladesh\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> accessible is at a lower price point.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/li><\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/advantages-of-iec-registration-in-india\/\">Advantages of Obtaining IEC (Import Export Code) Registration in India<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Things_to_Consider_for_Exporting_Vegetables_from_Bangladesh\"><\/span>Things to Consider\nfor Exporting Vegetables from Bangladesh<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>First of all, the exporter needs to set up an export house in Bangladesh and legalize it through a predetermined procedure in Exporting Vegetables.&nbsp;<\/li><li>In the next step, the exporter is required to obtain valid tax registrations and other compulsory licenses such as Trade license, VAT certificates, and TIN.&nbsp;<\/li><li>Income generated through export cannot be transacted via a personal account, therefore; exporters is required to open a current account in designated banks.&nbsp;<\/li><li>The next thing exporter needs to do is to approach the Chief Controller of Import and Export in order to obtain the Export Registration Certificate. Keep in mind that this certificate is mandatory for conducting the exporting business in Bangladesh.&nbsp;<\/li><\/ul>\n\n\n\n<div class=\"shadow1\"><strong>Note:<\/strong> If you wish import vegetable in your native country i.e. India, then you will be required to obtain the IEC certificate from the DGFT India<\/div>\n\n\n\n<ul><li>Proceeding further, the exporter must reach out to the Export Promotion Bureau and other relevant authorities to avail of compulsory licenses and registration.&nbsp;<\/li><li>After obtaining all these certificates, the exporters must identify the interested foreign buyer while Exporting Vegetables.<\/li><li>Based on the country of import and specific product, the foreign buyer might ask for further certification and registration from the exporter.&nbsp;<\/li><li>After finalizing the shipping agent, the exporter must visit the Clearing and Forwarding Agent for obtaining the necessary custom clearance documents<\/li><li> And last but not least, the exporter, before dispatching the shipment of their goods, must ascertain the labeling and packaging requirements of the country of import.&nbsp; <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Exporting Vegetables from Bangladesh <\/h3>\n\n\n\n<p>EU and Middle-East\nare primary buyers of organic vegetables from Bangladesh. All exporters are\nrequired to ascertain the procedures mentioned in the HS code 07 before\nexporting their produce to the Middle East. Apart from the aforesaid\nprerequisites, the exporter also required a <em>Phytosanitary Certificate<\/em> for exporting organic vegetables. Additionally, there is also a legal\nobligation on Bangladesh-based exporters to secure a Certificate of Origin from\na concerned authority to avail exemption from Import tariff at Customs. <\/p>\n\n\n\n<p>Thus; for dispatching\nagro-produce to the EU, the exporters must get involved with contract farming\nmethods for the production of fresh vegetables. Moreover, the exporter can also\nobtain a <em>GSP certificate<\/em> by filing an application at\nthe Bangladeshi Export Promotion Bureau. This certificate will help the\nexporters to avail of duty-free benefits.<\/p>\n\n\n\n<p>&nbsp;After meeting the above requirement, you will become\neligible for exporting vegetable from Bangladesh.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Legal_Requirement_to_be_Addressed_for_Importing_Exporting_Vegetables_from_Bangladesh\"><\/span>Legal Requirement to be Addressed for Importing &amp;\nExporting Vegetables from Bangladesh<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Certification of membership from the Dhaka Chamber of Commerce and Industries <\/li><li>Vegetable &amp; Fruit Production Contract <\/li><li>Airway Bill &amp; Gate Pass <\/li><li>Enrolment Certificate from the Bangladesh Export Promotion Bureau <\/li><li>IEC Code from DGFT India for importing vegetable<\/li><li>Writ contract with Clearing and Forwarding Agent for addressing customs liabilities.\u00a0 <\/li><li>BFVAPEA Membership Certificate from a concerned Sector Association <\/li><li>Export Registration Certificate <\/li><li>Horticultural Products Exporter Registration <\/li><li>Final Custom Clearance related to inspection and verification <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Other Sanitation &amp; Health Certificates<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/Other-Sanitation-Health-Certificates.png\" alt=\"Other Sanitation Health Certificates\" class=\"wp-image-22351\" width=\"536\" height=\"330\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/Other-Sanitation-Health-Certificates.png 1000w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/Other-Sanitation-Health-Certificates-300x185.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/Other-Sanitation-Health-Certificates-768x473.png 768w\" sizes=\"(max-width: 536px) 100vw, 536px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Online_Procedure_for_Obtaining_Import_Export_Code_from_DGFT_India\"><\/span>Online\nProcedure for Obtaining Import Export Code from DGFT India <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Import and Export Code is an absolute necessity in case of importing commodities as well as Exporting Vegetables to India from the overseas location. <a href=\"https:\/\/corpbiz.io\/iec-registration\"><strong>Import and Export Code<\/strong><\/a> (aka IEC) is government-based registration which permit the individual to engaged with cross border trade. The Directorate General of Foreign Trade (DGFT) is an apex body that issues this certificate in India.&nbsp; The procedure for obtaining IEC is completely online.&nbsp; All you need to visit the DGFT\u2019s official portal and follows the given instructions.&nbsp; <\/p>\n\n\n\n<ul><li>On the DGFT\u2019s home page,\nlocate and select the \u201cApply for IEC\u201d option.&nbsp;\n<\/li><li>Window with multiples\nblank field shall appears on your computer screen. <\/li><li>On this page, provide all\nyour basic information such as name, address &amp; contact info. <\/li><li>Once you are done with\nthe above requirement, select \u201cSend OTP\u201d option.&nbsp; This will command the portal to send the One\nTime Password to the email and phone number. <\/li><li>After receiving the OTP,\nget back to portal\u2019s home page and select the &#8220;Apply IEC&#8221; option to complete\nthe login requirement. <\/li><li>After login, you will\ncome across the web-based form of IEC<\/li><li>While filing the\napplication form, make sure to provide legit information against the option\nsuch as ownership type and bank details.&nbsp;&nbsp;\nAfter that upload the copy of the cheque (cancelled one) and select the\n\u201cSave and Next\u201d option. <\/li><li>Next , opt the options in\nthe given sequence :- Preferred sectors of operations&gt; Acceptance of Undertaking\/Declaration&gt;Save\nand Next&gt;Sign.<\/li><li>Lastly, completes the\npayment requirement by submitting the requested fees.&nbsp; Head over to the \u201cManaging IEC\u201d option to\ndownload the hard copy of the IEC certificate. Exporting vegetable would become\nan easy task after obtaining the IEC certificate. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The agriculture sector in Bangladesh is thriving rapidly, which\ninherently makes exporting vegetable a profitable form of business. Some of the\nprominent organic products in Exporting\nVegetables which Bangladesh exported worldwide are\nbrinjals, cabbages, coriander Leaves, cabbages, tomatoes, cucumbers, and lady&#8217;s\nfingers. <\/p>\n\n\n\n<p>This country has a lot of potential in the agricultural sector which opens the door of opportunities for foreign traders. If you want to capitalize on such a sector then start investing in the business by setting up an export house in Bangladesh as well as Import houses in India for organic products.&nbsp;<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/what-is-the-iec-registration-process-in-india\/\">What is the IEC Registration Process in India?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the years, the export of organic products has reached a new height as the world begins to understand the importance of a healthy lifestyle. Bangladesh is the leading producer of organic products in the world right now.&nbsp;At present, the country is exporting wide varieties of vegetables to 40 different countries. If you are aiming [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":22346,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[1338],"acf":{"service_id":"16"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":4310,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/22345"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=22345"}],"version-history":[{"count":18,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/22345\/revisions"}],"predecessor-version":[{"id":38304,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/22345\/revisions\/38304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/22346"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=22345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=22345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=22345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}