First auditor provides Import Export licence registration in Chennai, Tamilnadu. We are the top import export licence registration consultants. In Coimbatore, Madurai, Tirupur, Trichy, Thanjavur, Dindigul, Erode, Salem, Namakkal, Karur, hosur, tuticorin, krishnagiri, Cuddalore, Kanyakumari, and Pondicherry, we offer Import Export licence registration services. We provide a low-cost online registration method for import and export licences. We provide the service at a lower cost and more efficiently than our rivals.
Import Export Overview
- Every business that deals with imports or exports must obtain an IE Code from the relevant state government agency.
- The IEC is the first thing you need to have before starting an import/export firm in India. The import and export of products both require an IEC.
- IEC is only necessary under specific circumstances, such as when importing or exporting "specified services" or "specified technologies," that is, goods or services that the Indian government has banned from being traded internationally because they pose a threat to the country's security, such as the sale of nuclear weapons or automatic weapons.
Benefits
- The IEC registration enables traders to enter the international market and register with online e-commerce companies.
- Businesses can take use of government programmers from Customs and Export Promotion, including the Merchandise Export from India Scheme (MEIS) and the Service Export from India Scheme (SEIS).
- There are no compliance requirements for pos registration, making it quite easy to manage the firm.
- IEC can be obtained quickly and easily with only the most fundamental of paperwork.
Process
Form Filing
Entity must submit an application for an IEC Code by completing the relevant forms as required by the government.
Submission of Form
Forms that have been properly filled out and the necessary papers must be submitted to the DGFT.
After Submission steps by Authority
Forms that have been properly filled out and the necessary papers must be submitted to the DGFT.
Grant of License
Documents
- PAN card of the person or business
- a copy of the organization's government identification (driver's licence, Aadhar, voter ID)
- Certificate of incorporation or Partnership Deed
- current bank account statement for an individual or business
- Address documentation (electricity bill, rental contract, or office building selling deed)
- Copy of cancelled cheque leaf of the current account
FAQ
What is an IEC Code?
Import Export Code is referred to as IEC. Every person who wishes to launch an import-export business in India must meet this condition. Additionally, a DGFT-issued IEC code is a 10-digit code (Director General of Foreign Trade).
Why is an IEC Code required?
To operate an import and export business from India, a person needs IEC code. Additionally, this code will help in getting the customs authority to clear products.
What is the Validity Period of an IEC Code?
The DGFT issues IEC codes that are valid for life.
What are the Documents needed to obtain IEC Registration?
PAN Cards, Voter IDs, Aadhar Cards, Cancelled Cheques from Current Bank Accounts, Rent Agreements for Address Proof, and Copies of Utility Bills in the form of energy bills for the property are all essential papers for acquiring IEC Registration in India.
Who needs an Import Export Code in India?
Anyone engaged in or wishing to engage in the import or export business in India
Can an Individual apply for Import-Export Code?
Yes, a person is qualified to submit an IEC application (Import Export Code). However, the same eligibility only applies if the applicant also has a registered GST number and a single proprietorship business.
What is an IEC Branch Code?
An IEC Branch Code is the code assigned in accordance with the data entered on the IEC Application Form. Additionally, a candidate only requires the IEC Branch Code if they conduct business in a location other than their registered office in India.
How can an Individual get his or her IEC Certificate?
The applicant must submit an online application form in order to receive an IEC Certificate. The authorities will next review and validate the information provided on the form. The DGFT will grant the applicant an IEC Certificate if he is satisfied with the information supplied. Additionally, an IEC certificate is valid for life.