Apply IE Code Registration online with us! It is mandatory for all Indian companies which deal or plan to expand their business activities through import and export business operations. IEC Code Registration online is a mandatory10 digit unique license, for companies and businesses that deals with import-export transactions in the Indian Territory issued by The Director-General of Foreign Trade (DGFT), under the Department of Commerce, in India.
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Overview of IEC Registration Online in India
EC Registration is required to be obtained by anyone willing to start an import/export business registration in India. Documents required for IEC Registration (Import Export Code). Register Import export code (IEC) in India
Apply IE Code Registration online in India with us! It is mandatory for all Indian companies which deal or plan to expand their business activities through import and export business operations. Online IE Code Registration is a mandatory10 digit unique license, for companies and businesses that deals with import-export transactions in the Indian Territory issued by The Director-General of Foreign Trade (DGFT), under the Department of Commerce, in India.
Advantages of IEC Registration Online in India
IEC or Import Export Code is a code which is mandatory for Indian companies if it wants to expand its business activities through import and export business operations. The IEC is granted Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industries Import Export Code is a unique ten-digit code which is granted by DGFT, the purpose of the Import-Export registration License Certificate is to regulate and manage the foreign trade operations in India.
To carry out Import and Export activities in India, it is necessary to obtain IEC registration as any business cannot import-export activity without obtaining an IEC code license. Additionally, if any company wants to extend its business operations to the import-export activity, then getting IEC code registration is a must and through which the business also gets benefited by the government schemes. Reserve Bank of India has made obtaining an import export code license mandatory for all the traders and Import Export Code is necessary during all transaction procedures.
In the present growing competition, businesses have to compete with their competitors available in the business market. With the generation of new ideas and back to back new innovations in business operations, the emergence of e-business, business operating in domestic markets finds it important to extend their business activity globally by trading abroad.
import export code for individuals or IEC registration online in India is a one-time registration process and the obtained license can be utilized by the company all through its existence and there is no need for any renewal. When the organization has obtained IEC, from that point the organization can expand its trading activity abroad with no issues.
Benefits of IEC Registration Online in India
Expansion Of Business: Using IEC, the business can expand its reach to the international market or global market. IEC License provides the business to export its products and goods outside the country and create brand recognition in the international market.
Availing Several Benefits: Depending on the basis of IEC registration, the business can enjoy several advantages provided by the Export Promotion Council, DGFT, and Customs.
Availing Several Benefits: Depending on the basis of IEC registration online, the business can enjoy several advantages provided by the Export Promotion Council, DGFT, and Customs. No Return Filing: iec code online application doesn’t need any return filing. Once online iec registration in India is granted, there isn’t any need to follow any type of procedures to support its authenticity. In any case of the export transaction, DGFT doesn’t enter or make any issue for filing any return.
Hassle-Free Procedure: Obtaining IEC from DGFT is really simple and can complete the process within 0-15 days after presenting the application. No documents of export or import is required following to obtain the import export code number.
Valid for Lifetime: Once your business is registered with an IEC license, then you can enjoy its auto iec registration benefits till eternity as it is valid for a lifetime and importantly there is no need for any renewal process.
Government Authorizes Proof: Import export code registration online or IEC is a government identity number which is granted by the DGFT. And can show this identity code number at the time of clearance of the shipment.
When IEC Registration in India Is Necessary
- It is essential to obtain an IEC registration certificate to import and export goods and products abroad. It authorizes on the vendor code information with the port through which the goods or administrations are being exported or imported. Illicit vehicle of goods is held, and subsequently, IEC helps in decreasing it as it is much difficult to obtain import-export code without submitting the total data or information of the things being traded or imported.
- Custom authorities will only allow your shipment if the trader or importer if you register with an IEC number.
- The bank requires IEC registration code for foreign transactions.
- To make the shipments of the business clear an exporter requires IEC registration at the custom port
- IEC registration in India code is required when an exporter gets payment in foreign currency to his bank account without any hassle
- Depending on the basis of the iec code application process, the government of the foreign countries affirm the trader.
Documents Required for IEC Registration in India
- PAN Card of the company or the applicant
- Bank account statement of the company or applicant
- Photocopy of Driving License
- Photocopy of the cancelled cheque
- A copy of Aadhar/Voter ID
- Certificate of Partnership Deed/Incorporation
- Address proof of the registered office premise
Key Features of IEC Registration in India
- The individual who is involved in import and export of products and goods for individual causes and not related to trade, manufacturing and horticulture are exculpated from obtaining import export code registration.
- Business owners who export/import goods and products to/from Myanmar and Nepal through Indo-Myanmar fringe zones and China with a single conveyance which doesn’t exceed Rs.25,000 don’t need to register IEC.
- Exception from obtaining IEC will not allow for the export of Special Chemicals, Organisms, Materials, Equipments and Technologies (SCOMET) as listed in Appendix – 3, Schedule 2 of ITC (HS).
Key Features of IEC Registration
- No business operation can involve in Import/Export business activities without obtaining IEC new registration
- It works as a proof for a company which is involved in import/export of products and goods Once registered with IEC, it exists for a lifetime which means there is no requirement for any renewal.
- It is not necessary or not needed for any individual or legislative functions to involve in import or export of products and goods
- IEC or Import Export Code is irremissible for making foreign money transactions
- It is significant for all parts of exporters or importers business.
Registration Procedure of IEC Registration in India
To any business that is involved in the import-export activities in India, it is mandatory to obtain your IEC registration done. Once the IEC code renewal is obtained it holds the validity for the lifetime of the proprietor of the business or for the business. IEC registration code can be done online by visiting the Directorate General of Foreign Trade (DGFT) website.
Following is the step by step process of IEC Registration:
- Visit DGFT or Directorate General of Foreign Trade Website ( www.dgft.gov.in ). Then you need to click on the option ‘Apply for New Import Export Code (IEC) or Modify existing IEC.’
- Fill the PAN details of the applicant. Then fill the following information such as Name (as per the PAN), Date of Incorporation or Date of Birth, Captcha Code
- After entering the basic details, click on submit.
- Next step is to enter the mobile number and email address. And enter the Captcha code and then tap on ‘Generate OTP’. Enter the OTP and submit it.
- The next step is the generation of E-Commerce number, then you need to provide the following details: Name of the company, address of the company, mobile number and email address as entered earlier, name on PAN card, date of company Incorporation, nature of company such as Private Limited, Public Limited, Proprietorship, LLP, and Undertaking, and so on.
- Business activity of the company such as Merchant Exporter, Service provider, Manufacturer Exporter, etc. Account holder name, Bank account number and details of the applicant.
- After entering all the information, submit the application.
- In the next page, you have to fill the Branch Details of the company or firm such as Branch SI. No, 6 Digits PIN and Address of the Branch And update the information of Director/Partner/Proprietor/Karta/Managing Trustee
- Once all needed details are filled, upload the required documents such as Address Proof, Cancelled cheque, or Bank certificate are submitted.
- Then follows the fees payment and fees verification as prescribed in the application
- Preview the completed application, check it thoroughly and click on Print Application.
- The final step is to submit your application with DSC or without DSC of the applicant
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