In the current global economy, commerce between nations is easier than ever. However, before any person or business in India can begin import or exporting products or services, they first need to obtain an Import Export Code (IEC). The 10-digit IEC code, issued from the Directorate General of Foreign Trade (DGFT) is an official license for entities to legally engage in trade across borders. Through platforms like XportLicence.com, this essential step has become quicker straightforward, easier and accessible online.
How do you know IEC and Why Do You Need It?
It is the Import Export Code is the unique identification number necessary for all businesses that are involved in exporting or importing goods or services. Without an IEC the business cannot engage in international trade within India. The IEC is issued by DGFT and is valid for a lifetime and no renewals or a continuous requirement for compliance after the date of registration.
Whether you are an individual, a sole proprietor, a business, an LLP or a trust or a society, you have the option to request an IEC. It's also required in order to be eligible for advantages from various Foreign Trade Policies offered in the Government of India. In today's highly competitive market, having an IEC opens the doors for international growth, brand new revenue streams, and also government incentives.
Who is the person who issues the IEC?
The IEC has been issued by the Directorate General of Foreign iec code registration Trade (DGFT) that is in conjunction with the Ministry of Commerce and Industry. The DGFT oversees all aspects of regulation and promotion for trade with foreign countries in India and operates 24 regional offices throughout the country. Its headquarters are located in New Delhi and is responsible for the formulation and implementation of policies for foreign trade, issuing authorizations, and overseeing the exporter's obligations.
Documents required to be submitted for IEC Registration
To get an Import Export Code, the necessary documents include:
First, you'll need your PAN card. It could be the PAN that belongs to the individual applicant or the company. Also, you'll require an authentic Aadhaar card or a Voter ID to establish your identity. Then, address proof is needed, which can be a duplicate of property papers in the case of property ownership or a rent agreement in the event that the property is rentable. A recent electricity bill is needed to confirm the address as operational. A self-declaration application is required. This allows the transfer of an IEC certificate to your registered address.
These documents together help confirm your identity and location and your eligibility to sign up as an importer under Indian law.
How to apply for an IEC through XportLicence.com
Applying for the IEC with XportLicence.com is a speedy and effective procedure, designed to ensure that you have a smooth experience.
First step to fill the online application form available via the web portal. In this form, you must provide fundamental information such as your name, business type address, address, as well as your PAN number. Once the form is completed you'll upload your supporting documents, which include the PAN card Aadhaar card as well as the proof of address. You should then carefully read through your application to ensure you have not made any mistakes or missing information.
Following verification, you'll be asked to make a secure online payment. When the payment is made the XportLicence team will be able to assist you. XportLicence will process your application. After approval and verification by DGFT The IEC document will be sent to your registered email address.
The process typically takes in a matter of days and does not require you to visit any physical office.
What is the significance of the IEC Essential for Your Business?
The IEC isn't just an obligation in law. It's also a tool for growth. In the event of having an IEC in place, companies can easily adapt their operations into international market. It serves as an official identity to conduct international transactions and is often required by banks when processing international payments.
Also, once you've signed up the IEC is no longer required for regular maintenance or compliance check-ups that are related to IEC. This is a single and long-term solution to your business's requirements. Further, companies that have IEC registrations are eligible for various benefits provided by DGFT, customs departments, and other government agencies. These benefits include subsidies, tax relaxations, and access to export promotion programs.
What is the difference between IEC and an Import License?
Although each of the IEC along with the Import License relate to trade actions, they serve different objectives. The IEC is a fundamental requirement for any export or import operation in India and applies for all types of products and services. On the other hand, an Import License is required only for goods and items that are not restricted or made from specific countries. Many businesses only require an IEC to start trading.
To obtain an IEC for a product, one should submit an online form and upload documents on the IEC portal. In contrast, applying for an Import License involves filling out a separate form (ANF-2M) and could necessitate manual submissions in some cases.
Why Should You Choose XportLicence.com?
XportLicence.com is a reputable and ISO-certified portal that ensures IEC registration easy and painless. It's designed for traders who are new to the market, small-scale business owners, startups and even large corporations that require speedy and reliable service. iec code registration
Unlike generic portals, XportLicence offers expert consultancy and ensures that your application is comprehensive and secure. It provides real-time tracking, digital support, and expert assistance throughout the process.
The platform is clear safe, user-focused, and transparent. It also offers assistance with registration of digital signatures, complaint filing, and real-time complaint tracking. XportLicence.com is more than just a portal. It's an essential part of your trade journey.
Services provided by XportLicence.com
The platform offers a variety of products that address all aspects of import and export licensing. These include:
New IEC registration for new applicants to IEC
IEC Update and renewal support
Consultation services on Import-Export
Digital signature registration
Sample IEC certificate access
Online complaint submission and monitoring
Support for customers quickly via helpline and email
The whole procedure is created to be seamless that requires minimal documentation and no individual visits.
What our clients are saying about us
Many of the users in India have expressed a high level of satisfaction in the services provided by XportLicence. Clients have reported higher trade activity, improved access international markets, and quicker approvals. The service is often recognized for its speed honest, transparent, and professional.
One customer from Chandigarh claimed that their business was able to get four times more attention following their registration through XportLicence.com. The overall feedback is overwhelmingly positive, indicating high trust and reliability of the services offered.
Frequently Asked Questions
What is the IEC Number?
It is a 10-digit code that is issued by DGFT important for exporters and importers within India.
What is the fee for receiving the IEC?
Fees could differ. Contact support for pricing current.
Are there any requirements by service provider?
Yes, If the service you provide is exported and you want to claim benefits under trade regulations.
Are there any exports that can be made without the IEC?
No It is not possible, as the IEC is required for all legal exports.
What's the average time to receive the IEC?
Typically, the certificate is issued within a couple of working days following the verification of the documents.
Is GST registration mandatory by exporters?
Yes, generally GST registration is essential for tax benefits and input credits.
What is the validity of IEC?
The IEC is long-lasting and does not require renewal.
Contact Information
If you require assistance, contact us at any time between 10:00 AM to 5:00 at night 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 with any authority or government. It serves as a facilitator platform to assist users in registering and manage their IEC requirements efficiently.
If you're interested in entering the world of business, begin your journey with a trusted partner. Visit XportLicence.com now to take the first step towards expanding your business to the world.