Step by Step Process to Get Your IEC Code Fast
In the current global economy, international trade is easier than ever. But before any individual or company in India can start importing or exporting goods or services they must first obtain the export or import license. Export Code (IEC). The 10-digit IEC code, issued from the Directorate General of Foreign Trade (DGFT), serves as an approval that allows companies to legally engage in cross-border trade. With platforms such as XportLicence.com, this important step has become much faster easy, less complicated, and entirely accessible online.
What's IEC and why Do You Need It?
The Import Export Code is the unique identification code required for companies involved in the export or import of goods or services. Without an IEC it is impossible to carry out international trade in India. It's issued by DGFT and lasts for the duration of a lifetime and no renewals or continued compliance are required following registration.
No matter if you're an individual or a sole proprietor a corporation or LLP, a trust, or a society, it is possible to make an application for an IEC. It is also required if you want to avail advantages from various foreign trade policies offered under the Government of India. In today's highly competitive market having an IEC can open doors for international growth, new revenue streams, and government incentives.
Who approves the IEC?
The IEC can be issued through the Directorate General of Foreign Trade (DGFT), which operates in conjunction with the Ministry of Commerce and Industry. The DGFT supervises control and development of foreign trade in India and operates 24 regional offices across the country. The headquarters are located in New Delhi and is responsible in the formulation and application of trade policies in foreign countries as well as issuing authorizations and monitoring the obligations of exporters.
Documents required for IEC Registration
To obtain your Import Export Code, the following documents are necessary:
First, you'll need your PAN card. This can either be the PAN of the person who is applying or the business entity. Also, you'll require an authentic Aadhaar card or Voter ID in order to establish your identity. In addition, proof of address will be required. This can include a copy or copies of property papers when you own the property or a rent agreement if the premises are let. Additionally, a recent electricity bill is required in order to verify the address as operational. Finally, a self declaration application is required. This permits the delivery of an IEC certificate to the registered address.
These documents will help you confirm your identity, the location of your residence, and the eligibility to apply to perform import-export transactions according to Indian law.
How to apply for an IEC using XportLicence.com
Applying for IEC IEC via XportLicence.com is a quick and easy process designed to make your experience hassle-free.
First step to fill the online form for application available on the portal. This form requires fundamental information such as your name, business type addresses, address and PAN number. After completing the form, you will upload the required documents, such as proof of identity such as your PAN card as well as your Aadhaar card as well as address proof. In the next step, carefully scrutinize the application to ensure that you have not made any mistakes or incorrect information.
After verification, you will be asked to make an online secure payment. After payment is completed and verified, the expert team at XportLicence will process your application. Upon verification and approval from DGFT, the IEC certificate is emailed to your email address registered with XportLicence.
The process is usually completed within a few working days and does not require you to visit a physical office.
Why is the IEC Important for Your Business?
The IEC isn't only a legal requirement. It's also a tool for expansion. In the event of having an IEC in hand, businesses can easily expand for international expansion. It functions as an official legal name for international transactions and is often required by banks to process payments from overseas.
Furthermore, once you've registered there is no requirement for any regular maintenance or conformity checks related to the IEC. This makes it a simple and long-term solution to your business needs. Additionally, businesses with IEC registrations are eligible for various advantages offered by DGFT and customs departments and other government agencies. This includes subsidies along with tax reductions and access to export promotion schemes.
What is the difference between IEC an Import Permit?
Although both the IEC along with the Import License relate to trade activities, they serve distinct reasons. The IEC is a fundamental requirement for any export or import business in India and applies to most goods and services. On the other hand an Import License is needed only to import restricted items or products made from specific countries. Most businesses only need the IEC to begin trading. iec registration
To get an IEC for a product, one should fill out an online form and upload the required documents to the IEC portal. For instance, requesting the Import License involves filling out a separate application form (ANF-2M) and may require manual submissions in specific circumstances.
Why should you choose XportLicence.com?
XportLicence.com is a reputable and ISO-certified site that facilitates IEC registration simple and easy. The platform is specially designed for people who are just beginning their trading careers, small business owners, entrepreneurs as well as big corporations that require a fast and reliable service.
In contrast to generic portals, XportLicence provides expert advice and ensures that your application is comprehensive and legal. It provides real-time tracking, support via digital, and expert assistance throughout the process.
The platform is transparent safe, user-focused, and transparent. Additionally, you will receive assistance with signing digital signatures, complaint filing and real-time tracker of complaints. XportLicence.com isn't just a web-based portal, it's a companion in your business journey.
Services provided by XportLicence.com
The platform provides a range of services to meet all aspects of licensing export and import. This includes:
New IEC registrations for first-time applicants
IEC update and renewal support
Consulting services in Import-Export
Digital signature registration
Example IEC access to certificates
Online complaint submission and monitoring
Quick customer support via helpline and via email
The entire process is intended to be seamless and easy which means that there is no documentation required as well as no person-to-person visits.
What Our Clients Say About Us
Many of the users in India have reported high satisfaction with XportLicence's services. Customers have reported increased trading activities, improved access to international markets, as well as faster approvals. The service is often noted for its promptness as well as transparent and professional.
One customer from Chandigarh stated that their business had four times more engagement after registering through XportLicence.com. All feedback from customers is positive, which indicates high confidence and reliability of the services offered.
Frequently Answered Questions
What is the IEC #?
It is a 10-digit digit code issued by DGFT important for exporters and importers within India.
What is the fee for obtaining the IEC?
Fees could differ. Contact support for current pricing.
Are they required by service provider?
Yes, when the service is being exported and you wish to claim benefits under trade policy.
Are there any exports that can be made without the IEC?
No It is not possible, as the IEC is mandatory for all legal exports.
How long does it take to get an IEC?
Typically the certificate is issued within a couple of working days following verification of the document.
Is GST registration mandatory on exporters?
Yes, in many cases GST registration is essential for tax benefits or input credits.
What is the legality of IEC?
The IEC is valid for a lifetime, and does not require renewal.
Contact Information
If you need assistance, call us anytime from 10:00 AM to 5:00 (5:00) pm on Monday through 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 government authority. It serves as a facilitator platform to allow users to sign up as well as manage IEC requirements with ease.
If you're looking to enter the world market, start your journey with a trustworthy partner. Visit XportLicence.com today to take the first step to expand your company's footprint worldwide.