Today, in a globalized economy the world's trade market is more open than ever. However, before any person or business based in India can start importing or exporting products or services, they have to first acquire the import Export Code (IEC). The 10-digit IEC code, issued from the Directorate General of Foreign Trade (DGFT) is an approval that allows companies to legally conduct cross-border trade. With platforms like XportLicence.com, this vital step has been made faster as well as simpler and accessible online.
How do you know IEC and why Do You Need It?
The Import Export code is a distinctive identification code necessary for all businesses that are involved in either exporting or importing services. Without an IEC it is impossible to do international business in India. The IEC is issued by DGFT and is valid for a lifetime and no renewals or ongoing compliance is needed after the registration.
Whether you are an individual, a sole proprietor, a business or an LLP or a trust or an organization, you may be eligible for an IEC. It is also mandatory for those who wish to take advantage of benefits from a variety of Foreign Trade Policies provided under the Government of India. In the current competitive marketplace the possession of an IEC can open doors to international expansion, a new income streams, and government incentives.
Who is the person who issues the IEC?
IEC is issued by the IEC can be issued through the Directorate General of Foreign Trade (DGFT), which operates under the Ministry of Commerce and Industry. The DGFT is responsible for its regulation as well as promotion of trade with foreign countries in India and operates 24 regional offices throughout the country. Its headquarters is in New Delhi and is responsible in the formulation and application of trade policies in foreign countries as well as issuing authorizations and monitoring obligations of exporters.
Documents Required for IEC Registration
In order to obtain the Import Export Code, the following documents are required:
In the beginning, you'll require a PAN card. It could be the PAN for the individual applicant or the company. The second requirement is a valid Aadhaar card or a Voter ID to establish your identity. An address proof is required. This could be a copy of the property papers if you own the property or a rental agreement if the property is rental. In addition, a current electricity bill is needed to confirm the address used for operations. In addition, a self-declaration form is required, which permits delivery of the IEC certificate to the registered address.
These documents together help confirm your identity, where you live, and eligibility to register for import-export activities according to Indian law.
How to Apply for an IEC using XportLicence.com
Applying for an IEC by submitting your application to XportLicence.com is an easy and efficient process, created to make your experience hassle-free.
First step filling the online application form that is available through the website. Here, you provide basic details like name, type of business the address, PAN number. Once you've completed the application, you will upload any documents you have, including you PAN card Aadhaar card and address proof. Next, carefully review your application to ensure there aren't any mistakes or information that is not correct.
Following verification, you'll be required to pay a secure online payment. After payment is completed the team of experts at XportLicence will process your application. After verification and approval by DGFT The IEC certificate will be sent to the email address you have registered.
The process usually takes within a couple of working days, and does not require you to visit a physical office.
Why is the IEC important for Your Business?
The IEC isn't just an obligation in law. It's also a tool to boost expansion. By having an IEC in hand, businesses can easily adapt their operations into international market. It's an legal entity for international transactions and is often required by banks to facilitate overseas payments.
Additionally, once registered, there's no need for any regular maintenance or conformity tests related to the IEC. This means it's a one-time permanent solution for your business's needs. In addition, companies with IEC registrations are eligible for various advantages provided by DGFT Customs Departments, DGFT, as well as other government agencies. This includes subsidies, tax relaxations, and access to schemes for export promotion.
What is the difference between IEC an Import Permit?
While both the IEC or Import License relate to trade actions, they serve different reasons. The IEC is the most basic requirement for any import or export activities in India and applies to the majority of goods and services. However it is an Import License is required only for goods and items that are not restricted or sourced from specific countries. A majority of businesses need only the IEC to begin trading.
To obtain an IEC permit, one has to submit an online form as well as upload documents onto the IEC portal. In contrast, applying for the Import License involves filling out an additional request form (ANF-2M) and could require manual submissions in certain circumstances.
Why do you choose XportLicence.com?
XportLicence.com is a reliable and ISO-certified site that makes IEC registration simple and easy. This platform was specifically created for first-time traders, entrepreneurs, small businesses and even large corporations that require a fast and reliable service. iec code registration
Like other portals that are generic, XportLicence provides expert advice to ensure that your application is completely in compliance with. You will have access to real-time monitoring, online support and a dedicated support throughout the process.
The platform is transparent with a focus on the customer and is secure. The platform also provides assistance with digital signature registration, complaint filing and real-time tracking of your complaint. XportLicence.com isn't a mere portal. It's a trusted partner in your business journey.
Services Provided by XportLicence.com
The platform provides a range of services that cover every aspect of import and export licensing. These include:
New IEC registration process for applicants who are first time
IEC update and renewal support
Consultancy services for Import-Export
Digital signature registration
Sample IEC certificate access
Online complaint filing and monitoring
Helpline for quick customer service or email
The whole process is created to be seamless with minimal documentation and no personal visits.
What our clients are saying
Many customers across India have expressed high satisfaction about XportLicence's offerings. Clients have reported increased trade activities, better access to international markets, as well as faster approvals. The service is frequently highly praised for its speed as well as transparent and professional.
One client from Chandigarh stated that their business got four times more interaction when they registered through XportLicence.com. The general feedback is favorable, indicating trust and confidence in the services offered.
Frequently Answered Questions
How do I find the IEC code?
It is a 10-digit digit code issued by DGFT that is essential for both exporters and importers in India.
What is the cost of getting the IEC?
Fees may vary. Contact support for pricing current.
Does it have to be mandatory by service provider?
Yes, for services that are exported in order to receive benefits under trade policies.
What if I wanted to sell my product without having an IEC?
No It is not possible, as the IEC is required for legal exports.
What is the time frame to get your IEC?
Typically the certificate will be issued within a few days following the verification of the documents.
Are GST registrations required by exporters?
Yes, in many cases GST registration is essential for tax benefits and input credits.
What is the validity of IEC?
The IEC is long-lasting and does not require renewal.
Contact Information
If you require assistance, contact us from 10:00 AM to 5:00 pm from Monday to Saturday.
Helpline Number: +91 9513446710 Alternate Helpline: +91 9355583095 Email: [email protected] Website: https://xportlicence.com
Disclaimer: XportLicence.com is a privately-owned consultancy firm that is not affiliated with any authority or government. It serves as a facilitator platform for users to register as well as manage IEC needs easily.
If you're interested in entering the world of commerce, begin the process with a trusted partner. Visit XportLicence.com now and take the initial step to expanding your business worldwide.