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IEC Registration - Expand your business globally
Be benefitted for flexible business trade
IEC is popularly known as Import Export code, which is a ten digit number issued by DGFT in India. It is the primary requirement for the import into and export from India for the goods and specified services which enables the businesses to unlock the opportunities across the globe in international business market.
IEC assists you in taking your services or product to the global market and grow your businesses to the worldwide market and develop your organizations as per your expectation.
The Companies could avail several benefits of their imports/ exports from the DGFT, Export Promotion Council, Customs, etc., on the basis of their IEC registration online, Obtaining IEC is complete online process through its common portal.
IEC does not require the filing of any returns. Once you get your registration done, there isn’t any requirement to follow any sort of processes for sustaining its validity. Even for export transactions, there isn’t any requirement for filing any returns with DGFT.
It is fairly easy to obtain IEC code from the DGFT within a period of 10 to 15 days after submitting the application. There isn’t any need to provide proof of any export or import for getting IEC code. Documents required are. IPAN Card of the Applicant, Passport Size photograph of the applicant, Cancelled Cheque, Address proof of the Business
IEC registration is permanent registration which is valid for life time. Hence there will be no hassles for updating, filing and renewal the IEC registration. It is valid till the business exists or the registration is not revoked or surrendered, it could be used by an entity against all export and import transactions.
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Before the Import export code registration India, you need to understand what the IEC is. The below article is all about the details of the Online IEC code registration India, along with the benefits and the procedure as well.
Import Export code is a license that is necessary to have if you are planning to start an import and export business in India. It is a legal obligation for the import-export company to get the IEC code. This IEC Code license is a ten-digit code with the validity of lifetime, so no renewal required. This Import Export code license is India has issued by the DGFT or Directorate General of Foreign Trade and the Ministry of Commerce along with the Government of India.
Here are some of the benefits of the Import Export Code registration India. Make sure you register the Import Export code license in India to avail of all the benefits.
The practice of the import and export business without the license is illegal, so you need to register for the IEC code license. Also, when the importer is importing good, the license is required at the customs port to clear the shipment, and when the importer needs to send money, the bank requires the IEC code. The same goes for the exporting case when you receive foreign currency or get the exported shipment; the license is necessary to get the shipment cleared.
Below are the documents that you need to have for the online IEC registration India.
Below is the procedure of online import export code registration in Delhi.
With the online IEC registration India, you get the leverage of the lifetime legitimacy and helps with the development of your business as well. There is another benefit of the IEC code; the fare subsidies and no requirement of filing return. All the traders and the businessman who commercially import or export need to have the IEC code to claim the export benefits. Also, the online filing process is super easy; if appropriately filled, you will receive the online IEC certificate within 2-3 working days.
We concern the matters relating to false guarantees and specifically addressed the same by providing the MONEY BACK GUARANTEE for the service in simply 7 working days. When an individual not absolutely pleased with the services for which he paid, he might standup the disappointment with a describing observation. We maintain with precaution and issue a refund or credit the charge card according to the internal refund policy.
Make your business work legal with IEC, No annual maintenance required
Firstly, refer with the specialists about what are the requirements for getting IEC code.
To obtain IEC for the business, first login to the DGFT portal via https://dgft.gov.in Draft the given application in the specific format and submit it.
Parties wishing to does import-export have to draft an application for IEC registration and submit the details as per the documents like pan of individual or business entity, identity proof like, voter id or passport, business establishment address with proof (rental agreement/ electricity bill) and business registration details and cancelled cheque of the current account.
In case entity is a company, they have to fill up details of all the directors. If organization have branch office along with registered office then need to submit the details accordingly.
Once done with filling the form and other details, attach all the necessary documents in particular head as demanded and submit the application to DGFT.
To ensure that the application should be complete with all the details and followed by doing payment electronically on DGFT portal.
After completing all the procedure, DGFT will issue IEC certificate and applicant receive soft copy of certificate on registered mail id.
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A person having IEC and wants to make modification in existing IEC then can amend the same. Enter pan details and search it, then system will prompt for the information like name of company, file number, file date, DOB. After submitting the information, it will be verified and validated from the server. Once it got validated, the system will dispatch one time password on your registered mobile and e-mail id. Enter the OTP and then press submit button to proceed.
The system will automatically generate the IEC certificate once you submission is done with IEC portal based on your jurisdictional authority and it will inevitably report the IEC letter on your disclosed mail id.
After adding pan details in IEC portal, OTP are sent to registered email and mobile number, enter the same to login and change it accordingly after paying the fees.
In case of fresh IEC application, one needs to attach address proof and banker certificate or cancelled cheque etc. Same attachment will be used in case of modification also.
It takes 7 - 10 working days to get the aplciation approved from the department.
