Import Export License Registration

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Import Export License or Import Export Code (IEC)

Import Export License in India at just Rs. 1499 (Excluding Govt. Fee & taxes)

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

Easy and quick process
  • 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

Made simpler than thought
1. Documentation
When you apply for import export license registration make sure to prepare your documents in apple-pie order to save time at the time of application. Once You have the necessary document you can proceed to application.
2. Application process
This is the online process where you Need to go on the online government portal of DGFT. It time-consuming process as there are Various steps within a single process.
3. Upload documents
You need to Perform it with utmost care and precaution. You can upload the documents in a few minutes just make sure all of your documents are well prepared.
4. Filing the import export license registration application with DGFT
Once you are done completing your application, you need to submit it to DGFT via DSC (Digital Signature Certificate) and pay the IEC Registration charges.
5. The waiting period
You need to wait for at least 7 to 10 days. All the claims like two days or in hours are just not True. The authorities will send it to you Shortly on your email id.
6. IEC code or licence at hand.
Finally, if your proposal is approved, The government will send you a soft copy of the IEC Code. That is the other name for Import-Export license. You can start a legal business.

Benefits of IEC

Are more than you think

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?

The director-general of international trade, department of commerce, the government of India, issues an import-export code, which is a 10-digit number. import and export license is a need for traders who are importing or exporting products and services to or from India. Any person or company involved in the international trading of goods and services must register for an IE code.

2. Is it possible to export/import without an importer/exporter code?

IEC is a required document for recognition as an exporter or importer of goods and services by the Indian government. If the value of the items is too low, the customs officials may allow the first shipment by levying nominal fees, which is extremely unusual.

3. What are the required documents for IEC and how long does it take?

A copy of your PAN card and Aadhaar card, documentation of your business's address and constitution [partnership deed, incorporation certificate, etc.], and a cancelled cheque from your current account are all necessary for import and export license. After submitting the essential papers and the application form, lawgical india can acquire IEC registration from the DGFT in 3-6 working days.

4. How can we make some changes and or cancel IEC?

Yes. To make adjustments, you must submit a request to the DGFT and provide the necessary papers. For the same, some government fees may be imposed for making changes in your import and export license. A formal request to the DGFT online can be made to cancel an IE code. When the authorities get such notification, they will cancel your import and export license electronically.

5. The benefits of IEC or import export license registration ?

Both importers and exporters benefit greatly from an IEC code or import and export license. These can be in the form of subsidies or otherwise declared by the Customs, Export Promotion Board or other agencies. Exporters can export without paying taxes after registering LUT under GST. There are also other benefits you can get if you have your import and export license.

Import Export License Registration

More simple than it looks!
GOLD
2999/-
1499/- + Govt. Fees
  • Creation Of Documents
  • IEC Application Filing
  • Final Certificate
  • GST Registration
  • MSME Registration
  • Professional Website
PLATINUM
5999/-
3499/- + Govt. Fees
  • Creation Of Documents
  • IEC Application Filing
  • Final Certificate
  • GST Registration
  • MSME Registration
  • Professional Website
DIAMOND
21999/-
13499/- + Govt. Fees
  • Creation Of Documents
  • IEC Application Filing
  • Final Certificate
  • GST Registration
  • MSME Registration
  • Professional Website

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