In the modern world economy, international trade is more accessible than ever. But before any individual or business based in India can begin to import or exporting goods or services, they need to first get an import Export Code (IEC). The 10-digit code, which is issued from the Directorate General of Foreign Trade (DGFT), serves as an official license for entities to engage legally in cross-border trade. Through platforms like XportLicence.com, this vital step has been made faster as well as simpler and online.
IEC: What's it all about? IEC and why Do You Need It?
It is the Import Export code is a distinctive identification code required for companies involved in shipping or importing goods or services. Without an IEC is not a viable way to do international business in India. It is issued by the DGFT and lasts for the duration of a lifetime meaning that there are no renewals or ongoing compliance is needed immediately after registration.
In case you're an owner of a home or sole proprietor, a corporation or LLP, a trust, or a society, you have the option to be eligible for an IEC. It is mandatory in order to be eligible for benefits under various Foreign Trade Policies provided in the Government of India. In today's marketplace that is competitive, having an IEC can lead to international expansion, fresh revenue streams, as well as government incentives.
Who decides on the IEC?
The IEC is issued by the Directorate General of Foreign Trade (DGFT) which is as part of the Ministry of Commerce and Industry. The DGFT oversees control and development of trade with foreign countries in India and has 24 regional offices throughout the country. The headquarters are located in New Delhi and is responsible for the formulation and execution of foreign trade policies issue authorizations, overseeing the exporter's obligations.
Documents required for IEC Registration
To get your Import Export Code, the following documents are necessary:
In the beginning, you'll require a PAN card. This can either be the PAN that belongs to the individual applicant or the company. Additionally, you'll need an active Aadhaar card or Voter ID in order to establish your identity. In addition, proof of address is required. This could be a photocopy of property documents when you own the property or a rent agreement if the property is renting. A recent electricity bill is required to prove the operational address. Additionally, a self-declaration request is required, which permits the distribution of an IEC certificate to your registered address.
These documents are used to verify your identity, where you live, and your eligibility to sign up for export and import operations in accordance with Indian law.
How to apply for an IEC with XportLicence.com
Application for the IEC via XportLicence.com is a quick and efficient process, created to ensure that you have a smooth experience.
The first step is to fill the online application form accessible on the portal. In this form, you must provide basic information like name, business type addresses, address and PAN number. Once you've completed the application you'll upload all of your documents, including you PAN card, Aadhaar card and address proof. In the next step, carefully scrutinize the application to ensure that there aren't any mistakes or other information missing.
After confirming your identity, you'll be asked to make an online secure payment. Once the payment has been completed the skilled team at XportLicence will process your application. After verification and approval by DGFT The IEC document will be sent to your registered email address.
The process usually is completed within a couple of working days and does not necessitate you to visit any physical office.
Why is the IEC Important for Your Business?
The IEC isn't just a legal requirement. It's also a powerful tool to boost growth. Once you've an IEC in hand, businesses can easily expand into international market. It functions as an official legal name for international transactions. It's usually requested by banks for processing out of the country payments.
Also, once you've signed up it's not necessary to conduct an annual maintenance or compliance checks related to the IEC. This makes it a one-time and long-term solution to your business's requirements. Furthermore, companies that have IEC registrations are eligible for various benefits provided by DGFT, customs departments, and other government agencies. These benefits include tax subsidies as well as tax reliefs and access to schemes for export promotion.
What is the difference between IEC or Import License?
While both the IEC and Import License relate to trade activities import export code, they serve different purpose. The IEC is a prerequisite for any export or import process in India and applies to almost all products and services. However it is an Import License is only required for items or goods that are restricted obtained from specific countries. Businesses generally only require the IEC to start trading.
To get an IEC application, one needs to fill out an online form and upload documents to the IEC portal. For instance, requesting the Import License involves filling out an additional Form (ANF-2M) and may be required to submit manual documents in certain situations.
Why choose XportLicence.com?
XportLicence.com is a trusted and ISO-certified online platform that lets IEC registration easy and painless. The platform is specially designed for new traders, small-scale business owners, startups as well as big corporations that require a fast and reliable services.
Contrary to the generic portals XportLicence offers expert consultancy, ensuring your application is comprehensive and secure. It provides real-time monitoring, online support and personal assistance throughout the entire process.
The platform is transparent and customer-centric, as well as secure. Additionally, you can get assistance with the digital signature registration process, complaint filing and real-time tracker of complaints. XportLicence.com isn't just a portal--it's a trusted partner in your business journey.
Services Provided by XportLicence.com
The platform provides a wide range of products that address every aspect of export and import licensing. These include:
New IEC registration for first-time applicants
IEC update and renewal support
Consultation services on Import-Export
Digital signature registration
Sample IEC access to certificates
Online complaint submission and tracking
Fast customer service via helpline and via email
The whole procedure is designed to be simple which means that there is no documentation required and zero in-person visits.
What are our customers saying about us
A large number of users across India have expressed a high level of satisfaction in the services provided by XportLicence. Clients have reported a rise in trade activity, improved access to international markets and 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 following their registration through XportLicence.com. The feedback overall is positive, suggesting high trust and confidence in the services provided.
Frequently Asked Questions
How do I find the IEC Number?
It is a 10-digit code issued by DGFT and is needed by exporters and importers from India.
What's the cost for obtaining IEC? IEC?
Fees could vary. Contact support for the latest pricing.
Is it mandatory by service provider?
Yes, should the service be exported and you wish to claim benefits under trade policies.
Could I sell without a IEC?
No IEC is not required. IEC is mandatory for legal exports.
How long does it take to get your IEC?
Typically the certificate will be issued within a few days following verification of the document.
Are GST registrations required on exporters?
Yes, generally GST registration is required for tax benefits in addition to input credit.
What is the legality of IEC?
The IEC is long-lasting and doesn't need to be renewed.
Contact Information
If you need assistance, contact us during 10:00 AM to 5:00 midnight, 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 company and is not affiliated with any governmental authority. It is a facilitation platform to assist users in registering and maintain their IEC requirements with ease.
If you're looking to enter the global marketplace, begin your journey with a trusted partner. Visit XportLicence.com today and take your first step to expand your business's reach worldwide.