In this age of cut-throat competition, everyone wants to grow their business beyond the limits of the domestic market. However, doing business globally isn’t just a cup of tea for everyone. Before going global, you need to follow several procedures and laws in place and get different registration and license. IEC (Import Export Code) license is one of such prerequisite when you’re thinking of importing or exporting from India.
The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad.
Steps Involved in IEC (Import/Export Code) Registration
Step 1: First, you need to prepare an application form in the specified format – Aayaat Niryaat Form no. 2A format and file it with the respective Regional office of DGFT.
Step 2: Secondly, you need to prepare the required documents with respect to your identity & legal entity and address proof with your bank details & the certificate in respect of ANF2A.
Step 3: One your application is completed, you need to file with DGFT via DSC (Digital Signature Certificate) and pay the required fee for the IEC Registration.
Step 4: Finally, once your application is approved then you would receive the IEC Code in a soft copy from the government.
Documents required for IEC (Import Export Code) Registration
For IEC Code Registration following documents are required:
- Individual’s or Firm’s or Company’s copy of PAN Card
- Individual’s voter id or Aadhar card or passport copy
- Individual’s or company’s or firm’s cancel cheque copy of current bank account
- Copy of Rent Agreement or Electricity Bill Copy of the premise.
Features of Import Export Code
- All importers who import goods are required to register Import export code and all exporters need this code to obtain the benefits of exports.
- IEC code holder does not require filing of any returns.
- IEC Code is issued for lifetime and requires no renewal
- Even individuals who are proprietors can obtain the code in their name.It is not necessary to setup a business for the same.
IEC Registration is simplified!
Get import export registration at just Rs……
- Entire registration process is completed in just 15 days.
- Dedicated CA is allocated through the process.
- Completely online process with Email/Skype/Phone support.