In the modern world economy, trading internationally is more readily available than ever. However, before any person or company in India can begin import or exporting goods or services, they need to first get an export or import license. Export Code (IEC). This 10-digit code, issued from the Directorate General of Foreign Trade (DGFT), serves as an official license for entities to legally participate in international trade. Through platforms like XportLicence.com, this vital step has been made faster as well as simpler and accessible online.
What is IEC and why Do You Need It?
It is the Import Export Certificate is a unique identification number necessary for all businesses that are involved in shipping or importing goods or services. Without an IEC, you simply cannot conduct international trade in India. They issue it by DGFT and lasts for the duration of a lifetime that means that no renewals or ongoing compliance is needed after the registration.
In case you're an owner of a home or sole proprietor, a business, an LLP or a trust or an organization, you may apply for an IEC. It's also mandatory in order to get advantages from various Foreign Trade Policy policies offered by the Government of India. In today's world of competition having an IEC could lead for international growth, brand new income streams, and government incentives.
Who is the person who issues the IEC?
IEC is issued by the IEC originates from the Directorate General of Foreign Trade (DGFT) which is under the Ministry of Commerce and Industry. The DGFT is responsible for the regulation and promotion of foreign trade in India and operates 24 regional offices across the country. Its headquarters is located in New Delhi and is responsible for the creation and implementation of trade policies in foreign countries as well as issuing authorizations and monitoring the obligations of exporters.
Documents Required for IEC Registration
To obtain you an Import Export Code, the required documents are:
The first step is to get your PAN card. This could be the PAN for the individual applicant or the business entity. Additionally, you'll need a valid Aadhaar card or a Voter ID in order to establish your identity. A proof of address is required. It could be a copy of property papers in the case of property ownership or a lease agreement in case the property is rented. Furthermore, a current electric bill is required in order to verify the address used for operations. Additionally, a self-declaration request is required. This allows the distribution of IEC certificates. IEC certificate to the registered address.
These documents help to confirm your identity, location, and your eligibility to sign up to perform import-export transactions according to Indian law.
How do I apply for an IEC with XportLicence.com
The process of applying for the IEC through XportLicence.com is a fast and efficient process, designed to make your experience hassle-free.
First step to fill the online application form that is available through the website. On this form, you will provide the some basic information like your name, business type address, address and PAN number. After completing the form then you upload your documents, including those of your PAN card as well as your Aadhaar card and the proof of address. Then, you should carefully go through the application to ensure that there aren't any errors or other information missing.
Once you have verified your identity, be required to pay a secure online payment. After the payment has been processed the XportLicence team will be able to assist you. XportLicence will handle your application. After approval and verification by DGFT, the IEC certification will then be emailed to the email address you have registered.
The process can be completed within a couple of days and doesn't need you to go to any physical office.
Why is the IEC important for Your Business?
The IEC isn't just a legal requirement. It's also a strategic tool to boost growth. With an IEC in place, companies can easily adapt their operations towards international markets. It acts as an official identity to conduct international transactions. It is also requested by banks for processing out of the country payments.
Furthermore, once you've registered the IEC is no longer required for any periodic maintenance or compliance check-ups that are related to IEC. This means it's a one-time, long-term solution for your business's needs. Companies with IEC registration are able to enjoy a range of benefits offered by DGFT and customs departments as well as other government agencies. These benefits include subsidies, tax relaxations, and access to export promotion programs.
What's the Difference Between IEC or Import License?
Although each of the IEC along with the Import License relate to trade activities, they serve different functions. The IEC is the primary prerequisite for any export or import business in India and applies to the majority of goods and service. However, an Import License is only required for goods and items that are not restricted or made from specific countries. A majority of businesses need only the IEC for trading.
To obtain an IEC, one must simply submit an online form and upload documents to the IEC portal. To apply for an Import License involves filling out a separate form (ANF-2M) and may be required to submit manual documents in certain cases.
Why Choose XportLicence.com?
XportLicence.com is a reliable and ISO-certified platform that makes IEC registration simple and stress-free. This platform was specifically created to cater to first-time traders as well as entrepreneurs, small businesses as well as big corporations that require a fast and reliable services.
Different from generic portals XportLicence provides a specialized service of consulting, ensuring your application is complete and conforms to. Access to real-time tracking, support via digital, and personal assistance throughout the entire process.
The platform is transparent safe, user-focused, and transparent. It also offers assistance by registering digital signatures, complaint filing and real-time tracking of your complaint. XportLicence.com is more than a website, it's a partner in your trade journey.
Services Provided by XportLicence.com
The platform provides a range of services designed to address all aspects of licensing export and import. They include:
New IEC registration for those who are the first time applicants
IEC Update and renewal support
Consultancy services for Import-Export
Digital signature registration
Example IEC access to certificates
Online complaint submission and tracking
Helpline for quick customer service as well as via email
The whole process is created to be seamless which means that there is no documentation required and zero in-person visits. import export code
What Our Clients Say About Us
A large number of users across India are extremely satisfied about XportLicence's offerings. Users have reported increased trade activities, better access to international markets, as well as faster approvals. The service is frequently highly praised for its speed in its transparency, as well as professional.
One customer from Chandigarh told us that the business got four times more interaction after registering through XportLicence.com. The general feedback is favorable, indicating trust as well as the reliability of the services offered.
Frequently asked questions
What's the IEC code?
It is a 10-digit digit code issued by DGFT, necessary for exporters and importers in India.
What is the fee for obtaining the IEC?
Fees can vary. Contact support for current pricing.
Is it compulsory of service providers?
Yes, if the service is exported and you wish to claim benefits under trade policy.
Are there any exports that can be made without the IEC?
No IEC is required, and the IEC is required for all legal exports.
What's the average time to receive IEC? IEC?
Typically, the certificate is issued within a few working days after the verification of documents.
Are GST registrations required on exporters?
Yes, in most cases GST registration is mandatory for tax benefits along with input credits.
What is the validity of the IEC?
The IEC is long-lasting and does not require renewal.
Contact Information
For assistance, you can call us anytime during 10 am and 5 in the evening 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 company and is not associated with any authority of the government. It functions as a facilitation platform that allows users to register and maintain their IEC requirements efficiently.
If you're looking to enter the global market, begin the process with a trusted partner. Visit XportLicence.com today to take the first step towards expanding your company's footprint worldwide.