In today's globalized economy, international trade is easier than ever. However, before any person or company in India is able to begin importing or exporting services or goods, they need to first get the Import Export Code (IEC). The 10-digit code, which is issued from the Directorate General of Foreign Trade (DGFT) is a license that allows entities to engage legally in trans-border commerce. With platforms like XportLicence.com, this vital step is now faster straightforward, easier and online.
What exactly is IEC and Why Do You Need It?
It is the Import Export Code (IEC) is an unique identification code required for companies involved in importing or exporting goods or services. Without an IEC one cannot conduct international trade in India. The IEC is issued by DGFT and lasts for the duration of a lifetime that means that no renewals or continued compliance are required immediately after registration.
If you're an individual or sole proprietor, a business, an LLP or a trust or a society, you have the option to seek an IEC. It is also mandatory for those who wish to take advantage of benefits under the various foreign trade policies offered to you by the Government of India. In today's marketplace that is competitive, having an IEC can open doors to international expansion, a new income streams, and government incentives.
Who decides on the IEC?
The IEC originates from the Directorate General of Foreign Trade (DGFT) that is as part of the Ministry of Commerce and Industry. The DGFT is responsible for its regulation as well as promotion of trade between foreigners in India and operates 24 regional offices throughout the country. Its headquarters is in New Delhi and is responsible for the formulation and execution of foreign trade policies, issuing authorizations, and checking the obligations of exporters.
Documents Required to be submitted for IEC Registration
In order to obtain Your Import Export Code, the below documents are required
In the beginning, you'll require a PAN card. It can be either the PAN for the individual applicant or the business entity. 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 copy of the property documents if you own the property or a rental agreement when the premises are let. A recent electricity bill is needed to confirm the address that is operational. Additionally, a self-declaration request is required, which permits sending the IEC certificate to your registered address.
These documents help to confirm your identity, where you live, as well as your eligibility in order to import and export in accordance with Indian law.
How to apply for an IEC through XportLicence.com
Requesting the IEC Through XportLicence.com is a speedy and efficient process, designed to ease your journey.
It is the first thing to do filling the online application form that is available via the web portal. This form requires basic information like name, type of business address, address, as well as your PAN number. Once the form is completed you can upload all your documents including the PAN card Aadhaar card and the proof of address. Next, carefully review the application to ensure that you have not made any mistakes or inaccuracies.
After confirming your identity, you'll be asked to make an online secure payment. After payment is completed the skilled team at XportLicence will be able to process your request. After verification and approval by DGFT, the IEC document will be emailed to your registered email address.
The process is typically completed in just a few days, and does not require you to go to a physical office.
Why is the IEC Essential for Your Business?
The IEC isn't only a legal requirement. It's also a powerful tool for expansion. Once you've an IEC in hand, businesses can easily adapt their operations for international expansion. It serves as an official identification for international transactions. It's often required by banks for processing foreign payments.
Also, once you've signed up it is not required to do an annual maintenance or compliance check-ups that are related to IEC. This is a single, long-term solution for your business's needs. Further, companies that have IEC registrations are eligible for various advantages offered by DGFT, customs departments, as well as other government agencies. These benefits include tax subsidies as well as tax reliefs and access to schemes for export promotion.
What's the difference between IEC the Import license and IEC?
Although all of them, the IEC and Import License relate to trade activities, they serve different goals. The IEC is a fundamental prerequisite for any import or export action in India and applies to almost all products and services. However the Import License is required for products or services that are restricted made from specific countries. Many businesses only require an IEC to start trading.
In order to obtain an IEC application, one needs to fill out an online form and upload their documents through the IEC portal. For instance, requesting the Import License involves filling out a separate type (ANF-2M) and may be required to submit manual documents in certain instances import export code.
Why Should You Choose XportLicence.com?
XportLicence.com is a reputable and ISO-certified portal that facilitates IEC registration easy and hassle-free. This platform was specifically created for new traders, entrepreneurs, small businesses as well as large businesses that require fast and reliable service.
In contrast to generic portals, XportLicence provides a professional service to ensure the application is flawless and conforms to. You have access to live trackers, digital support and expert assistance throughout the process.
The platform is clear that is user-focused and secure. Also, you get assistance by registering digital signatures, complaint filing and real-time tracking of your complaint. XportLicence.com isn't just a site, but an essential part of your trade journey.
Services provided by XportLicence.com
The platform provides a wide range of services that cater to every aspect of export and import licenses. 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 filing and monitoring
Rapid customer support via the helpline as well as via email
The entire procedure is created to be seamless which means that there is no documentation required and no in-person visits.
What our clients are saying about us
Many of the users in India are extremely satisfied about XportLicence's offerings. Clients have reported increased trade activity, improved access international markets, and quicker approvals. The service is often acknowledged for being fast, transparent, and professional.
One client from Chandigarh claimed that their business received four times more interest following their registration through XportLicence.com. The general feedback is favorable, indicating trust and reliability of the services provided.
Frequently Asked Questions
What's the IEC number?
It is an digit-code of 10 by DGFT and is needed by exporters and importers within India.
What is the fee for getting an IEC?
Fees may vary. Contact support for the latest pricing.
Is it compulsory on service suppliers?
Yes, if the service is exported in order to receive benefits under trade policies.
What if I wanted to sell my product without having an IEC?
No It is not possible, as the IEC is mandatory for legal exports.
How long will it take to receive IEC? IEC?
Typically, the certificate is issued within a few working days after the verification of documents.
Are GST registrations required for exporters?
Yes, generally, GST is necessary for tax credits as well as input credit.
What is the validity of IEC?
The IEC is valid for life and does not require renewal.
Contact Information
For assistance, you can reach out to us between 10 am and 5 pm between Monday and 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 affiliated with any governmental authority. It functions as a facilitation platform to assist users in registering as well as manage IEC needs easily.
If you're hoping to break into the world market, start your journey by working with a reliable partner. Visit XportLicence.com today and take your initial step to expanding your business internationally.