In the present globalized world, commerce between nations is easier than ever. However, before any person or business based in India can start importing or exporting services or goods, they have to first acquire the Import Export Code (IEC). This 10-digit code issued through the Directorate General of Foreign Trade (DGFT) serves as an authorization that permits entities to engage legally in cross-border trade. With platforms such as XportLicence.com, this vital step is now faster easier, more simple, and fully online.
What exactly is IEC and why Do You Need It?
The Import Export Code is an identifier code required for companies involved in exporting or importing goods or services. Without an IEC can't do international business in India. It's given by DGFT and can be used for a lifetime so no renewals or continued compliance are required after registration.
It doesn't matter if you're an independent, a sole proprietor, a corporation or an LLP or a trust or a society, you have the option to seek an IEC. It is also required in order to get benefits under various foreign trade policies offered by the Government of India. In today's competitive market IECs are essential. IEC will open the doors to international expansion, fresh revenue streams, and also government incentives.
Who is the person who issues the IEC?
IEC is issued by the IEC can be issued through the Directorate General of Foreign Trade (DGFT), which operates within the Ministry of Commerce and Industry. The DGFT oversees regulatory and promotes trade between foreigners in India and operates 24 regional offices throughout the country. Its headquarters are located in New Delhi and is responsible for the creation and implementation of foreign trade policies making authorizations, issuance of permits, and monitoring the obligations of exporters.
Documents Required to be submitted for IEC Registration
To get your Import Export Code, the necessary documents include:
First, you'll need your PAN card. This could be the PAN of the applicant or the company. The second requirement is a valid Aadhaar card or Voter ID in order to establish your identity. An address proof is required. This can include a copy or copies of property papers when you own the property or a rent agreement if the premises are renting. In addition, a current electricity invoice is required to verify the address used for operations. A self-declaration application is needed, which authorizes the delivery of an IEC certificate to the registered address.
These documents help to confirm your identity, location, and the eligibility to apply as an importer in accordance with Indian law.
How to Apply for an IEC using XportLicence.com
Application for IEC IEC by submitting your application to XportLicence.com is an easy and easy process designed for you to have an easy experience.
Your first task is filling in the online application form available through the website. You will be asked to provide fundamental information such as your name, business type address, address, as well as your PAN number. After you have completed the form, you will upload all of your documents, including the PAN card as well as your Aadhaar card and the proof of address. In the next step, carefully scrutinize your application to ensure there aren't any mistakes or incorrect information.
After verifying your identity, you will be required to make an online secure payment. Once the payment has been completed the team of experts at XportLicence will be able to process your request. After approval and verification by DGFT, the IEC document will be emailed to your email address registered with XportLicence.
The process is typically completed within a couple of working days, and does not need you to visit a physical office.
What is the significance of the IEC Important for Your Business?
The IEC isn't just a legal requirement. It's also a strategic tool for growth. In the event of having an IEC in hand, businesses are able to easily expand their operations to international markets. It functions as a legal identity for conducting international transactions. Often, it is required by banks to facilitate payments from overseas.
Once you're registered it's not necessary to conduct regular maintenance or compliance check-ups that are related to IEC. This makes it a one-time, long-term solution for your business needs. Companies with IEC registrations are eligible for various advantages provided by DGFT, customs departments, as well as other government agencies. These include subsidies in tax-related benefits, tax exemptions, and access to export promotion schemes.
What's the Difference Between IEC as well as Import Licence?
Although both the IEC as well as the Import License relate to trade activities, they serve distinct objectives. The IEC is a basic prerequisite for any import or export operation in India and applies to the majority of goods and service. On the other hand an Import License is required in the case of restricted goods or items sourced from specific countries. Most businesses only need the IEC to start trading.
In order to obtain an IEC, one must simply complete an online application and upload the documents via the IEC portal. To apply for the Import License involves filling out a separate Form (ANF-2M) and may need manual submissions in some cases.
Why should you choose XportLicence.com?
XportLicence.com is a reliable and ISO-certified portal that makes IEC registration straightforward and effortless. It is designed specifically for those who are first-time traders, entrepreneurs, small businesses or even large corporations who need efficient and reliable service. import export code
In contrast to generic portals, XportLicence provides a specialized service of consulting, ensuring your application is completely legally compliant. You have access to live monitoring, online support and personal assistance throughout the entire process.
The platform is clear, customer-focused, and secure. It also offers assistance with signing digital signatures, complaint filing, and real-time complaint tracking. XportLicence.com isn't just a portal--it's an integral part of your business journey.
Services offered by XportLicence.com
The platform offers a variety of services that cover every aspect of export and import licences. These include:
New IEC registration procedure for first-time applicants
IEC update and renewal support
Consulting services for import-export
Digital signature registration
Sample IEC access to certificates
Online complaint submission and tracking
Fast customer service via helpline as well as via email
The entire process is intended to be seamless and easy which means that there is no documentation required and no personal visits.
What Clients Are Saying
Many users across India have expressed satisfaction about XportLicence's offerings. Users have reported increased trade activity, improved access international markets and faster approvals. The service is frequently praised for being prompt honest, transparent, and professional.
One client from Chandigarh said that their company experienced four times the engagement following registration with XportLicence.com. The majority of feedback is positive, indicating high trust and confidence 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 within India.
What's the cost for receiving the IEC?
Fees could vary. Contact support for the latest pricing.
Are they required of service providers?
Yes, if the service is exported and you'd like to claim benefits under trade policy.
What if I wanted to sell my product without having an IEC?
No IEC is required, and the IEC is mandatory for all legal exports.
What's the average time to get this IEC?
Typically, the certificate is issued within a few days after verification of the document.
Does GST registration have to be completed for exporters?
Yes, in the majority of cases GST registration is required to receive tax benefits and input credits.
What is the legality of IEC?
The IEC is valid for a lifetime, and doesn't require renewal.
Contact Information
For assistance, reach out from 10 am and 5 in the evening during the week, Monday through Saturday.
Helpline Number: +91 9513446710 Alternate Helpline: +91 9355583095 Email: [email protected] Website: https://xportlicence.com
Disclaimer: XportLicence.com is a privately-owned consulting firm and is not associated with any governmental authority. It is a facilitation platform to assist users in registering and maintain their IEC requirements easily.
If you're seeking to get your business into the world of business, begin your journey with a trusted partner. Visit XportLicence.com today to take the first step toward expanding your business internationally.