In the current global economy, the world's trade market is more open than ever. However, before any person or business based in India will be able to begin the process of importing and exporting services or goods, they first need to obtain an export or import license. Export Code (IEC). This 10-digit number, issued from the Directorate General of Foreign Trade (DGFT) serves as an approval that allows companies to legally participate in cross-border trade. Through platforms like XportLicence.com, this important step has become much faster, simpler, and completely online.
IEC: What's it all about? IEC and why Do You Need It?
The Import Export Code is the unique identification number essential for any business that is involved in trading or exporting goods and services. Without an IEC can't do international business in India. They issue it by DGFT and lasts for the duration of a lifetime so no renewals or a continuous requirement for compliance once you have registered.
It doesn't matter if you're an independent, a sole proprietor, a company, an LLP, a trust, or an association, you are eligible to seek an IEC. It's also mandatory when you wish to enjoy benefits under the various Foreign Trade Policies offered through the Government of India. In today's world of competition, having an IEC opens the doors for international growth, brand new revenue streams, as well as government incentives.
Who is the person who issues the IEC?
The IEC has been issued by the Directorate General of Foreign Trade (DGFT), which operates beneath the Ministry of Commerce and Industry. The DGFT is responsible for regulatory and promotes foreign trade in India and operates 24 regional offices throughout the country. The headquarters are located in New Delhi and is responsible for the creation and implementation of foreign trade policies in India, issuing permits, and the oversight of exporters' obligations.
Documents Required for IEC Registration
To get Your Import Export Code, the following documents are necessary:
To begin, you'll need your PAN card. This can either be the PAN of the individual who applied or the business entity. Additionally, you'll need an authentic Aadhaar card or a Voter ID to prove your identity. Address proof is required. This can be a copy of the property documents in case you own the house or a lease agreement if the premises are rental. Also, a recent electricity bill is required in order to verify the address used for operations. In addition, a self-declaration form is required, which permits the distribution of IEC certificates. IEC certificate to your registered address.
These documents help to confirm your identity, the location of your residence, and eligibility to register for export and import operations according to Indian law.
How to Apply for an IEC using XportLicence.com
Applying for an IEC via XportLicence.com is a simple and efficient procedure that was designed for you to have an easy experience.
Step one is filling the online application form that is available in the online portal. You will be asked to provide some basic information like your name, type of business address, address, and PAN number. After the form has been completed you can upload all your documents including documents like your PAN card as well as your Aadhaar card, and the proof of address. After that, carefully examine your application to make sure you have not made any mistakes or information that is not correct.
Following verification, you'll be asked to make a secure online payment. When the payment is made the team of experts at XportLicence will review your application. Following verification and approval from DGFT The IEC Certificate will be sent to your registered email address.
The process is typically completed within a couple of days and does not necessitate you to visit any physical office.
Why is the IEC important for Your Business?
The IEC isn't just an obligation in law. It's also a method for growth. Once you've an IEC in place, companies can easily scale their operations and expand into new markets. It provides an official identity to conduct international transactions. Often, it is required by banks for processing overseas transactions.
Also, once you've signed up it's not necessary to conduct an annual maintenance or compliance examinations relating to the IEC. This makes it a one-time and long-term solution to your business's requirements. Additionally, businesses with IEC certification can benefit from various benefits provided by DGFT as well as customs departments and other government agencies. These include subsidies in tax-related benefits, tax exemptions, and access to schemes for export promotion.
What's the Difference Between IEC or Import License?
While Both the IEC and Import License relate to trade activities, they serve different purposes. The IEC is a fundamental requirement for any import or export business in India and is applicable to all goods and services. However the Import License is required for items or goods that are restricted sourced from specific countries. Many businesses only require an IEC to start trading.
To apply for an IEC application, one needs to complete an online application as well as upload documents onto the IEC portal. To apply for an Import License involves filling out a separate form (ANF-2M) and could necessitate manual submissions in some instances. iec code registration
Why Choose XportLicence.com?
XportLicence.com is a trusted and ISO-certified website that facilitates IEC registration easy and hassle-free. This platform was specifically created for traders who are new to the market, small business owners, startups and even large companies that require efficient and reliable service.
Different from generic portals XportLicence gives expert guidance to ensure your application is complete and compliant. It provides real-time tracking, support via digital, and expert assistance throughout the process.
The platform is clear user-friendly, secure, and focused on customer satisfaction. It also offers assistance with the digital signature registration process, complaint filing and real-time tracking of complaints. XportLicence.com isn't just a site, but an essential part of your trade journey.
Services Provided by XportLicence.com
The platform provides a range of products that address every aspect of licensing for export and import. This includes:
New IEC registration procedure for first-time applicants
IEC update and renewal support
Consultation services on Import-Export
Digital signature registration
Example IEC access to certificates
Online complaint submission and tracking
Quick customer support via helpline or email
The whole procedure is designed to be a seamless process, requiring minimal documentation as well as no person-to-person visits.
What our clients are saying
A lot of customers across India are extremely satisfied in the services provided by XportLicence. Users have reported increased trade activity, better access to international markets and faster approvals. The service is frequently noted for its promptness, transparent, and professional.
One client from Chandigarh reported that their business experienced four times the engagement after registering through XportLicence.com. The majority of feedback is positive, showing high levels of trust and reliability in the services provided.
Frequently Asked Questions
Which is the IEC code?
It is an digit-code of 10 by DGFT and is needed by exporters and importers within India.
What's the price for getting the IEC?
Fees might vary. Contact support for pricing current.
Do you have to provide this information of service providers?
Yes, for services that are exported in order to receive benefits under trade policy.
Could I sell without a IEC?
No IEC is not required. IEC is required for legal exports.
What's the average time to get this IEC?
Typically the certificate will be issued within a few days after document verification.
Does GST registration be required to exporters?
Yes, typically GST registration is required to receive tax credits and credits for input.
What is the legality of the IEC?
The IEC is valid for a lifetime, and does not need to be renewed.
Contact Information
If you need help, reach out between 10 am and 5 at night all weekdays, 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 company that is not associated to any government agency. It serves as a facilitation platform to help users register and maintain their IEC requirements in a simple manner.
If you're planning to venture into the global marketplace, begin your journey with a trusted partner. Visit XportLicence.com now to take the initial step to expanding your business internationally.