In the present globalized world, international trade is more accessible than ever. However, before any individual or company in India will be able to begin the process of importing and exporting products or services they must first obtain an export or import license. Export Code (IEC). The 10-digit IEC code, issued by the Directorate General of Foreign Trade (DGFT) serves as a license to allow entities to legally engage in trading across borders. Through platforms like XportLicence.com, this crucial step has become faster simple, more user-friendly, and totally accessible online.
What's IEC and Why Do You Need It?
The Import Export code is a distinctive identification number required for companies involved in the export or import of goods or services. Without an IEC can't do international business in India. The IEC is issued by DGFT and lasts for the duration of a lifetime and there is no renewal or continuous compliance are required after the registration.
You can apply for an IEC whether you are an individual or a sole proprietor a business or LLP, a trust, or a society, it is possible to submit an IEC. It's also a requirement when you wish to enjoy 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 lead to international expansion, fresh revenue streams, and 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 control and development of foreign trade in India and has 24 regional offices throughout the country. Its headquarters is in New Delhi and is responsible for the formulation and implementation of policies for foreign trade in India, issuing permits, and the monitoring of obligations for exporters.
Documents required for IEC Registration
To obtain the Import Export Code, the following documents are required:
First, you'll need your PAN card. It can be either the PAN of the individual who applied or the company. You'll also need a valid Aadhaar card or Voter ID in order to establish your identity. Address proof is required, which could be a copy from property documents if you own the property or a lease agreement if the property is rental. A recent electricity bill is required to prove the address as operational. Lastly, a self-declaration application is required, which allows the distribution of IEC certificates. IEC certificate to your registered address.
These documents help to confirm your identity, place of residence, and your eligibility to sign up as an importer in accordance with Indian law.
How to apply for an IEC using XportLicence.com
Requesting an IEC by submitting your application to XportLicence.com is a speedy and easy process designed for you to have an easy experience.
The first step is filling the online application form that is available via the web portal. This form requires basic details like name, business type the address, PAN number. Once you've completed the application you can upload all of your documents, including your PAN card Aadhaar card and the proof of address. You should then carefully read through your application to make sure you don't have any errors or data that are not there.
Once you have verified your identity, be asked to make a secure online payment. After the payment has been processed the team at XportLicence will handle your application. Upon verification and approval from DGFT, the IEC certificate is sent to your registered email address.
The process usually takes within a couple of days and does not necessitate you to visit any physical office.
What is the significance of the IEC important for Your Business?
The IEC isn't only a legal requirement. It's also a powerful tool for expansion. By having an IEC in place, companies can easily scale their operations to international markets. It acts as an official identity to conduct international transactions. It's usually required by banks to facilitate overseas payments.
Furthermore, once you've registered the IEC is no longer required for any annual maintenance or compliance inspections related to the IEC. It's a once-in-a-lifetime permanent solution for your business needs. Companies with IEC registrations are eligible for various benefits provided by DGFT Customs Departments, DGFT, as well as other government agencies. This includes subsidies or tax breaks, as well as access to export promotion programs.
What's the Difference Between IEC as well as Import Licence?
Although Both the IEC along with the Import License relate to trade activities, they serve different goals. The IEC is a fundamental prerequisite for any export or import process in India and applies to almost all products and services. On the other hand it is an Import License is required only for goods and items that are not restricted or purchased from certain countries. Many businesses only require an IEC to start trading.
To apply for an IEC application, one needs to fill out an online form and upload documents to the IEC portal. For instance, requesting the Import License involves filling out an additional request form (ANF-2M) and could require manual submissions in specific cases.
Why Should You Choose XportLicence.com?
XportLicence.com is a reputable and ISO-certified import export code web portal that facilitates IEC registration easy and hassle-free. It is designed for first-time traders, entrepreneurs with small businesses, startups or even large corporations that require speedy and reliable service.
In contrast to other generic portals XportLicence provides a specialized service of consulting and ensures that your application is 100% legal. Access to real-time tracking, digital support, and dedicated assistance throughout the process.
The platform is transparent with a focus on the customer and is secure. Also, you get assistance with digital signature registration, complaint filing and real-time monitoring of your complaints. XportLicence.com is more than a website, it's a partner in your trade journey.
Services Provided by XportLicence.com
The platform offers a variety of services to meet every aspect of export and import licences. This includes:
New IEC registrations for first-time applicants
IEC Update and renewal support
Import-export consultancy services
Digital signature registration
Sample IEC certificate access
Online filing of complaints and tracking
Quick customer support via helpline or email
The entire procedure is designed to be simple it requires only minimal documentation and zero in-person visits.
What our clients are saying about us
Many users across India have expressed a high level of satisfaction with the services offered by XportLicence. Clients have reported higher trade activities, better access to international markets, and quicker approvals. The service is frequently noted for its promptness as well as transparent and professional.
One client from Chandigarh reported that their business got four times more interaction after signing up with XportLicence.com. All feedback from customers is favorable, indicating trust and reliability in the services provided.
Frequently asked questions
What is the IEC Number?
It is the 10-digit number issued by DGFT which is required for exporters and importers of India.
What is the cost for obtaining the IEC?
Fees could differ. Contact support for the most current rates.
Does it have to be mandatory for service providers?
Yes, in the event that the service is sold internationally and you want to claim benefits under trade regulations.
Are there any exports that can be made without the IEC?
No IEC is required, and the IEC is required to be able to legally export.
How long will it take to get you the IEC?
Typically the certificate is issued within a few days after the verification of documents.
Is GST registration required on exporters?
Yes, in the majority of cases GST registration is required to receive tax benefits or input credits.
What is the legality of IEC?
The IEC is long-lasting and doesn't require renewal.
Contact Information
To get assistance, contact us for assistance between 10:00 AM to 5:00 in the evening 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 firm that is not associated with any government entity. It acts as a facilitation platform to allow users to sign up and maintain their IEC needs easily.
If you're looking to enter the world of business, begin your journey with an experienced partner. Visit XportLicence.com today and take your first step toward expanding your business internationally.