In the present globalized world, international trade is easier than ever. But before any individual or company in India can start importing or exporting products or services they must first obtain the Export Code (IEC) or Import Export Code (IEC). This 10-digit code, issued by the Directorate General of Foreign Trade (DGFT) serves as an authorization that permits entities to legally engage in trading across borders. Through platforms like XportLicence.com, this important step has become much faster easy, less complicated, and entirely accessible online.
What is IEC and why Do You Need It?
The Import Export Code is an identifier number required for companies involved in exporting or importing goods or services. Without an IEC, you simply cannot carry out international trade in India. They issue it by DGFT and is valid for life, which means no renewals or ongoing compliance is needed after registration.
No matter if you're an individual, a sole proprietor, a business, an LLP, a trust, or a society, you have the option to make an application for an IEC. It is mandatory in order to get advantages from various foreign trade policies offered to you by the Government of India. In today's market that is highly competitive having an IEC can open doors to international growth, new sources of revenue, and even government incentives.
Who Issues the IEC?
IEC is issued by the IEC is issued by the Directorate General of Foreign Trade (DGFT), which operates in conjunction with the Ministry of Commerce and Industry. The DGFT is responsible for its regulation as well as promotion of trade with foreign countries in India and has 24 regional offices across the country. The headquarters of the DGFT is located in New Delhi and is responsible for the development and implementation of foreign trade policies, issuing authorizations, and monitoring obligations of exporters.
Documents required to be submitted for IEC Registration
To get an Import Export Code, the following documents are necessary:
The first step is to get your PAN card. It could be the PAN of the person who is applying or the business entity. The second requirement is a valid Aadhaar card or a Voter ID for establishing your identity. Address proof is needed, which can be a duplicate of property documents when you own the property or a rent agreement if the premises are rentable. Additionally, a recent electricity invoice is required to verify the address used for operations. Also, a self-declaration document is required, which permits delivery of an IEC certificate to the registered address.
These documents help to confirm your identity, place of residence, and your eligibility to be registered in order to import and export in accordance with Indian law.
How to apply for an IEC using XportLicence.com
Requesting an IEC through XportLicence.com is a simple and efficient process, created to make your experience easy.
The first step is filling in the online application form available in the online portal. This form requires basic information like name, type of business, address, and PAN number. Once you've completed the application it is time to upload any documents you have, including the PAN card Aadhaar card as well as address proof. You should then carefully read through the application to ensure that you don't have any errors or inaccuracies.
After verifying your identity, you will be asked to make an online secure payment. Once payment is complete the XportLicence team will be able to assist you. XportLicence will review your application. Once the application is approved and verified by DGFT, the IEC certificate is emailed to the email address you have registered.
The process typically takes within a few working days and does not need you to visit a physical office.
What is the significance of the IEC Essential for Your Business?
The IEC isn't only an obligation in law. It's also a strategic tool to boost expansion. With an IEC in hand, businesses can easily expand into international market. It provides an official legal name for international transactions. It's also required by banks to facilitate overseas payments.
In addition, once you've been registered it's not necessary to conduct any annual maintenance or compliance check-ups that are related to IEC. This makes it a simple permanent solution for your business's needs. Further, companies that have IEC registration can benefit from a range of advantages offered by DGFT as well as customs departments and other government agencies. These include subsidies or tax breaks, as well as access to schemes for export promotion.
What's the Difference Between IEC or Import License?
Although each of the IEC or Import License relate to trade activities, they serve different reasons. The IEC is a fundamental requirement for any import or export action in India and applies to the majority of goods and service. On the other hand it is an Import License is required only for products or services that are restricted which are imported from certain countries. Most companies only require the IEC to begin trading.
To obtain an IEC permit, one has to complete an online application as well as upload documents onto the IEC portal. The application for an Import License involves filling out an additional Form (ANF-2M) and may be required to submit manual documents in certain circumstances. iec code registration
Why Choose XportLicence.com?
XportLicence.com is a trusted and ISO-certified website that lets IEC registration easy and painless. It's designed specifically for those who are first-time traders, small business owners, startups or even large corporations that require a fast and reliable services.
Different from generic portals XportLicence offers expert consultancy, ensuring your application is comprehensive and legally compliant. You will have access to real-time tracking, digital support, and personalized assistance throughout the entire process.
The platform is transparent safe, user-focused, and transparent. You also get help with registration of digital signatures, complaint filing and real-time tracking of your complaint. XportLicence.com is more than a website, it's a trusted partner in your business journey.
Services Offered by XportLicence.com
The platform provides a range of services that cater to every aspect of export and import licenses. They include:
New IEC registration for first-time applicants
IEC Update and renewal support
Import-export consulting services
Digital signature registration
Example IEC certificate access
Online filing of complaints and monitoring
Customer support is quick via helpline or email
The entire procedure is intended to be seamless and easy it requires only minimal documentation and zero in-person visits.
What our clients are saying about us
Many of the users in India have expressed their satisfaction with XportLicence's services. Clients have reported increased trade activities, improved access to international markets, and quicker approvals. The service is often noted for its promptness efficient, transparent, and reliable.
One client from Chandigarh mentioned that their business saw four times more engagement after registering through XportLicence.com. The general feedback is positive, suggesting high trust and reliability with the services offered.
Frequently asked questions
What is the IEC code?
It is a 10-digit code that is issued by DGFT and is needed by importers and exporters in India.
What's the cost for receiving an IEC?
Fees can vary. Contact support for the latest pricing.
Are they required to service companies?
Yes, if the service is exported and you want to claim benefits under trade regulations.
Does it matter if exporting without an IEC?
No It is not possible, as the IEC is required for all legal exports.
How long will it take to receive the IEC?
Typically the certificate is issued within a couple of working days after the verification of documents.
Does GST registration have to be completed by exporters?
Yes, generally GST registration is required to receive tax credits in addition to input credit.
What is the validity of the IEC?
The IEC is valid for a lifetime, and does not need to be renewed.
Contact Information
If you require assistance, reach out between 10:00 AM to 5:00 in the evening all weekdays, 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 affiliated with any government authority. It is a facilitation platform that helps users register and manage their IEC requirements with ease.
If you're considering entering the world of commerce, begin your journey with an experienced partner. Visit XportLicence.com today and take your first step to expand your business's reach worldwide.