Today, in a globalized economy international trade is more accessible than ever. But before any individual or company in India can begin import or exporting products or services, they need to first get an import Export Code (IEC). The 10-digit code, which is issued by the Directorate General of Foreign Trade (DGFT) serves as an approval that allows companies to engage legally in cross-border trade. With platforms such as XportLicence.com, this essential step has become quicker easy, less complicated, and entirely accessible online.
What is IEC and why Do You Need It?
It is the Import Export Code is an identifier code that is required by businesses either exporting or importing services. Without an IEC it is impossible to conduct international trade in India. This certificate is provided by DGFT and can be used for a lifetime and there is no renewal or a continuous requirement for compliance following registration.
In case you're an owner of a home or a sole proprietor a company or an LLP, a trust, or a society, it is possible to apply for an IEC. It's also required in order to receive advantages from various Foreign Trade Policies provided under the Government of India. In today's marketplace that is competitive IECs are essential. IEC could open the door to international expansion, new revenue streams, as well as government incentives.
Who is the person who issues the IEC?
IEC is issued by the IEC was issued by the Directorate General of Foreign Trade (DGFT) which is within the Ministry of Commerce and Industry. The DGFT oversees regulatory and promotes trade with foreign countries in India and operates 24 regional offices throughout the country. The headquarters of the DGFT is located in New Delhi and is responsible for the formulation and implementation of trade policies in foreign countries that include granting authorizations, monitoring obligations of exporters.
Documents Required to be submitted for IEC Registration
To get the Import Export Code, the below documents are required
First, you'll need your PAN card. It could be the PAN of the applicant or the company. The second requirement is an authentic Aadhaar card or a Voter ID to establish your identity. Then, proof of address is required. This could be a copy from property documents if you own the property or a rent agreement if the premises are being rented. In addition, a current electricity bill is required to validate the operational address. Additionally, a self-declaration request is required. This allows sending the IEC certificate to your registered address.
These documents will help you confirm your identity, the location of your residence, and your eligibility to sign up as an importer in accordance with Indian law.
How to Apply for an IEC with XportLicence.com
Applying for the IEC Through XportLicence.com is a simple and effective process that is designed to ease your journey.
First step filling in the online application form available at the site. This form requires basic details like name, business type address, address and PAN number. When the application is complete you can upload the required documents, such as proof of identity such as your PAN card, Aadhaar card and the proof of address. Then, you should carefully go through your application to ensure you have not made any mistakes or missing information.
Once you have verified your identity, be required to make an online secure payment. After payment is completed the skilled team at XportLicence will handle your application. After verification and approval by DGFT, the IEC certificate will be emailed to your registered email address.
The process typically takes within a couple of days and doesn't require you to visit a physical office.
What is the significance of the IEC important for Your Business?
The IEC isn't only a legal requirement. It's also a strategy tool to boost expansion. When you have an IEC in place, companies can quickly expand their operations and expand into new markets. It serves as an official identification for international transactions and is often iec code registration required by banks to process payments from overseas.
Furthermore, once you've registered the IEC is no longer required for an annual maintenance or compliance examinations relating to the IEC. It's a once-in-a-lifetime and long-term solution to your business needs. Moreover, companies with IEC registrations can avail a variety of benefits offered by DGFT, customs departments, as well as other government agencies. These benefits include subsidies as well as tax reliefs and access to schemes for export promotion.
What is the difference between IEC an Import Permit?
While IEC and Import License both IEC as well as the Import License relate to trade operations, they are used for different purposes. The IEC is a basic requirement for any import or export action in India and is applicable to the majority of goods and services. However, an Import License is needed only for restricted goods or items purchased from certain countries. Most businesses only need the IEC to begin trading.
In order to obtain an IEC an IEC, you need to fill out an online form and upload documents to the IEC portal. For instance, requesting an Import License involves filling out a separate Form (ANF-2M) and could require manual submissions in certain instances.
Why should you choose XportLicence.com?
XportLicence.com is a trusted and ISO-certified online platform that ensures IEC registration easy and painless. The platform is specially designed for traders who are new to the market, entrepreneurs with small businesses, startups as well as big corporations that require efficient and reliable services.
Contrary to the generic portals XportLicence provides a specialized service of consulting to ensure that your application is complete and in compliance with. You have access to live tracking, support via digital, as well as specialized assistance throughout the entire process.
The platform is clear user-friendly, secure, and focused on customer satisfaction. Also, you get assistance with the digital signature registration process, complaint filing and real-time tracker of complaints. XportLicence.com isn't a mere portal. It's a friend in your trade journey.
Services provided by XportLicence.com
The platform offers a variety of solutions that take care of every aspect of export and import licensing. These include:
New IEC registration for new applicants to IEC
IEC Update and renewal support
Consulting services in Import-Export
Digital signature registration
Sample IEC access to certificates
Online complaint filing and monitoring
Support for customers quickly via helpline as well as via email
The whole process is designed to be seamless without any documentation, and no in-person visits.
What are our customers saying about us
A lot of customers across India are extremely satisfied of XportLicence's service. Clients have reported increased trade activity, improved access global markets, and speedier approvals. The service is frequently noted for its promptness in its transparency, as well as professional.
One customer from Chandigarh told us that the business had four times more engagement when they registered through XportLicence.com. The feedback overall is favorable, indicating trust as well as the reliability of the services offered.
Frequently Asked Questions
What is the IEC #?
It is a 10-digit code issued by DGFT and is needed by importers and exporters in India.
What is the cost of receiving an IEC?
Fees can vary. Contact support for the most current rates.
Is it mandatory of service providers?
Yes, for services that are exported and you want to claim benefits under trade policies.
Do I have to export with an IEC?
No, the IEC is required for all legal exports.
What is the time frame to receive this IEC?
Typically it is issued within a couple of working days after verification of the document.
Is GST registration mandatory by exporters?
Yes, typically, GST is necessary for tax credits and input credits.
What is the validity of IEC?
The IEC is valid for a lifetime and doesn't need to be renewed.
Contact Information
If you require assistance, reach out during 10:00 AM and 5:00 pm during the week, 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 and is not associated with any governmental authority. It serves as a facilitator platform for users to register as well as manage IEC requirements with ease.
If you're seeking to get your business into the world market, start your journey with a trustworthy partner. Visit XportLicence.com today and take that first step towards expanding your business internationally.