Import Export License Registration
Import Export License
When importing or exporting from India, one of the requirements is an IEC (Import Export Code) license. The importer-exporter code is another name for it. Anyone who wants to set up an import/export business in the country will need to apply for import export license online application and get an IEC (Import Export Code). DGFT issues the IEC. The IEC is a ten-digit number that is valid for life. Apply for import export license online application as soon as possible. Generally, merchant importers cannot import products without Import Export Code and merchant exporters cannot avail DGFT incentives like export plan etc. without IEC. The import export license registration process is simple. In order to apply for import export license online application you need to follow certain steps which are mentioned below
How can you apply for import export license online application and get an IEC? The following are the steps to follow to get your IEC:
- First you need to file import export license online and fill the Aayaat Niryaat Form ANF-2A and submit it to the DGFT's regional office.
- Prepare the document in an apple and keep them in apple pie order for export import license online apply.
- Once you have completed your import export license online application, it should be submitted to DGFT via DSC (Digital Signature Certificate) and the payment for IEC registration should be made. The import export license registration price is not very expensive. You can easily get your import and export license at a very reasonable rate.
- Finally, if your application is granted, the government will send you a soft copy of the IEC Code and your import and export license will be granted.
Document required for import export license online apply
- A copy of a person's, firm’s or company’s PAN card is required which is not applicable for the proprietor for import export license online apply.
- Voter id, Aadhar card, or passport copy of an individual for import export license online application.
- Foimport export license online apply a cancel cheque copies of current bank accounts by individuals, companies, or firms is also needed.
- Copy of the premise or a copy of the rental agreement or a copy of the electric bill along with import-export license registration price.
- A self-addressed envelope for registered mail delivery of the IEC certificate for import-export license online application
Procedure to get IEC
1. Documentation
2. Application process
3. Upload documents
4. Filing the import export license registration application with DGFT
5. The waiting period
6. IEC code or licence at hand.
Benefits of IEC
It expands the business
IEC broadens the horizon of business IEC can help you expand your business by bringing your services or products to a global market with new dimensions.
One IEC for a lifetime
This license is for your whole life Once you got your IEC then it Will serve your purpose for a long time.
Getting a Lot of Advantages
On the basis of the IEC registration, the companies could get many advantages for their imports/exports from the DGFT, Export Promotion Council, Customs, and others.
Banking needs
When an importer sends money overseas through a bank, the bank requires it. The bank needs it when the exporter gets money in foreign currency immediately into account.
There will be no filing of returns
Once allotted, IEC does not need the filing of any returns. There is no requirement to file any returns with the DGFT for export transactions.
Processing is simple
It's simpler to obtain an IEC code from the DGFT within 10 to 15 days when you apply for import export license. Submission of proof is not necessary of any export or import to obtain an IEC code.
Important terms related to IEC
AES: Automated Export System
The Automated Export System (AES) is a system that allows exporters in the United States to electronically declare their foreign shipments to the Census Bureau, which helps compile data on exports and trade in the United States. It is a good part of registration of import and export license.
FTR: Foreign Trade Regulations
Government regulation of unfair competitive techniques and unfair or deceptive corporate activities or practices is an area of law that is sometimes associated with antitrust. As an import and export licence holder, this is very important.
POA: Power of Attorney
A power of attorney is a written authorization to represent or act on behalf of another in private, business, or legal matters. You need to learn about import and export licenses.
FAQ's
Few doubts important to be resolved quickly
1. What is meant by IE code? Who needs it?
2. Is it possible to export/import without an importer/exporter code?
3. What are the required documents for IEC and how long does it take?
4. How can we make some changes and or cancel IEC?
5. The benefits of IEC or import export license registration ?
Packages For Import Export License Registration
GOLD
- Creation Of Documents
- IEC Application Filing
- Final Certificate
- GST Registration
- MSME Registration
- Professional Website
PLATINUM
- Creation Of Documents
- IEC Application Filing
- Final Certificate
- GST Registration
- MSME Registration
- Professional Website
DIAMOND
- Creation Of Documents
- IEC Application Filing
- Final Certificate
- GST Registration
- MSME Registration
- Professional Website