In the current global economy, international trade is easier than ever. But before any individual or company in India can begin to import or exporting products or services, they need to first get an Export Code (IEC) or Import Export Code (IEC). This 10-digit code issued from the Directorate General of Foreign Trade (DGFT) serves as an approval that allows companies to legally participate in trans-border commerce. Through platforms like XportLicence.com, this vital step has been made faster easy, less complicated, and entirely accessible online.
What is IEC and Why Do You Need It?
The Import Export Code is the unique identification number mandatory for businesses involved in exporting or importing goods or services. Without an IEC, you simply cannot operate international commerce in India. They issue it by DGFT and lasts for the duration of a lifetime that means that no renewals or continuous compliance are required immediately after registration.
Whether you are an individual or a sole proprietor a company or LLP or trust or a society, it is possible to make an application for an IEC. It's also mandatory in order to be eligible for benefits from a variety of Foreign Trade Policies provided to you by the Government of India. In today's world of competition IECs are essential. IEC opens the doors to international expansion, new revenue streams, and government incentives.
Who decides on the IEC?
The IEC was issued by the Directorate General of Foreign Trade (DGFT) which is as part of the Ministry of Commerce and Industry. The DGFT is responsible for control and development of foreign trade in India and has 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 monitoring obligations of exporters.
Documents required to be submitted for IEC Registration
To obtain you an Import Export Code, the following documents are necessary:
You'll first need your PAN card. It could be the PAN of the individual who applied or the company. Also, you'll require a valid Aadhaar card or Voter ID to prove your identity. Then, address proof is needed, which can be a copy of property papers if you own the property or a lease agreement if the property is rentable. Additionally, a recent electricity bill is required to prove the address that is operational. In addition, a self-declaration form is required to authorize the transfer of an IEC certificate to the registered address.
These documents can be used to confirm your identity, where you live, and eligibility to register for export and import operations according to Indian law.
How to Apply for an IEC with XportLicence.com
Making an application for IEC IEC through XportLicence.com is an easy and effective procedure, designed to ease your journey.
In the beginning, you need to fill in the online application form available through the website. In this form, you must provide some basic information like your name, business type the address, PAN number. After you have completed the form, you will upload the required documents, such as documents like your PAN card as well as your Aadhaar card as well as the proof of address. In the next step, carefully scrutinize your application to make sure you have not made any mistakes or incorrect information.
After verification, you will be required to pay an online secure payment. Once you have completed the transaction the XportLicence team will be able to assist you. XportLicence will handle your application. After verification and approval by DGFT The IEC certificate will be emailed to your registered email address.
The process typically takes within a few working days and does not need you to go to any physical office.
What is the significance of the IEC Important for Your Business?
The IEC isn't just an obligation in law. It's also a strategic tool to boost growth. Once you've an IEC in hand, businesses are able to easily expand their operations and expand into new markets. It provides an official identity to conduct international transactions. It's also needed by banks to process out of the country payments.
In addition, once you've been registered it is not required to do any regular maintenance or conformity inspections related to the IEC. This is a one-time, long-term solution for your business's needs. Furthermore, companies that have IEC registrations can avail a variety of benefits offered by DGFT, customs departments, and other government agencies. These include subsidies as well as tax reliefs and access to export promotion programs.
What's the Difference Between IEC and Import License?
While they both IEC and Import License relate to trade activities, they serve different reasons. The IEC is a fundamental prerequisite for any export or import business in India and is applicable to the majority of goods and service. On the other hand the Import License is required only for goods and items that are not restricted or obtained from specific countries. A majority of businesses need only the IEC to begin trading.
In order to obtain an IEC for a product, one should complete an online application as well as upload documents onto the IEC portal iec code registration. The application for an Import License involves filling out a separate type (ANF-2M) and could require manual submissions in certain situations.
Why do you choose XportLicence.com?
XportLicence.com is a trusted and ISO-certified platform that makes IEC registration simple and stress-free. This platform is specifically designed for people who are just beginning their trading careers, entrepreneurs, small businesses, and even large corporations that require a fast and reliable services.
Contrary to the generic portals XportLicence gives expert guidance to ensure your application is complete and conforms to. You have access to live tracking, support via digital, and personalized assistance throughout the process.
The platform is transparent, customer-focused, and secure. Also, you get assistance with registration of digital signatures, complaint filing as well as real-time tracking of complaints. XportLicence.com isn't just a site, but a companion in your business journey.
Services offered by XportLicence.com
The platform offers a variety of services that cover all aspects of licensing for export and import. This includes:
New IEC registration process for applicants who are first time
IEC Update and renewal support
Consultancy services for Import-Export
Digital signature registration
Example IEC access to certificates
Online complaint filing and monitoring
Helpline for quick customer service and email
The entire procedure is designed to be seamless it requires only minimal documentation and no individual visits.
What Clients are Saying
Many users across India have expressed their satisfaction about XportLicence's offerings. Customers have reported an increase in trade activity, improved access to international markets, as well as faster approvals. The service is frequently highly praised for its speed as well as transparent and professional.
One customer from Chandigarh claimed that their business had four times more engagement after signing up through XportLicence.com. All feedback from customers is positive, showing high levels of trust and reliability in the services offered.
Frequently Answered Questions
What's an IEC code?
It is the 10-digit number issued by DGFT important for exporters and importers of India.
What is the cost for getting IEC? IEC?
Fees might vary. Contact support for the most current rates.
Is it mandatory to service companies?
Yes, If the service you provide is exported and you'd like to claim benefits under trade policy.
Does it matter if exporting without an IEC?
No, the IEC is required to be able to legally export.
How long does it take to get you the IEC?
Typically the certificate is issued within a few days after document verification.
Do you need to register for GST in order to trade with exporters?
Yes, in the majority of cases, GST is necessary for tax credits along with input credits.
What is the validity of IEC?
The IEC is in effect for the duration of its life and doesn't require renewal.
Contact Information
If you need assistance, contact us to us between 10 am and 5 in the evening, 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 consulting company and is not affiliated with any government authority. It functions as a facilitation platform that helps users register and maintain their IEC requirements in a simple manner.
If you're interested in entering the world of business, begin your journey with an experienced partner. Visit XportLicence.com today to take the first step toward expanding your business's reach worldwide.