In the present globalized world, commerce between nations is easier than ever. But before any individual or business based in India can begin to import or exporting goods or services they must first obtain the import Export Code (IEC). This 10-digit code issued by the Directorate General of Foreign Trade (DGFT) is a license that allows entities to legally engage in trade across borders. Through platforms like XportLicence.com, this crucial step has become more efficient easier, more simple, and fully accessible online.
IEC: What's it all about? IEC and Why Do You Need It?
The Import Export code is a distinctive identification code obligatory for businesses importing or exporting goods or services. Without an IEC the business cannot conduct international trade in India. They issue it by DGFT and is valid for life and there is no renewal or ongoing compliance are required once you have registered.
In case you're an owner of a home, a sole proprietor, a company or LLP or trust or a society, it is possible to seek an IEC. It is mandatory in order to be eligible for benefits under various Foreign Trade Policy policies offered from the Government of India. In today's competitive market, having an IEC could open the door for international growth, new revenue streams, as well as government incentives.
Who is the person who issues the IEC?
The IEC was issued by the Directorate General of Foreign Trade (DGFT) which is under the Ministry of Commerce and Industry. The DGFT supervises the regulation and promotion of trade with foreign countries in India and operates 24 regional offices throughout the country. The headquarters of the DGFT is located in New Delhi and is responsible for the creation and implementation of policies for foreign trade as well as issuing authorizations and overseeing the exporter's obligations.
Documents required for IEC Registration
To obtain your Import Export Code, the following documents are necessary:
The first step is to get your PAN card. This could be the PAN of the individual applicant or the business entity. You'll also need an authentic Aadhaar card or a Voter ID in order to establish your identity. Address proof is required. This can be a duplicate of property documents when you own the property or a rent agreement in the event that the premises are being rented. In addition, a current electricity bill is required to verify your address for operational purposes. Lastly, a self-declaration application is required, which permits the distribution of an IEC certificate to the registered address.
These documents help to confirm your identity, location, and your eligibility to be registered for export and import operations according to Indian law.
How to Apply for an IEC through XportLicence.com
The process of applying for the IEC through XportLicence.com is a quick and efficient procedure that was designed to make your experience easy.
Step one is to fill the online application forms available via the web portal. In this form, you must provide some basic information like your name, type of business address, address, as well as your PAN number. When the application is complete you'll upload all of your documents, including those of your PAN card Aadhaar card and the proof of address. After that, carefully examine your application to ensure there aren't any mistakes or other information missing.
After verifying your identity, you will be required to pay a secure online payment. When the payment is made the XportLicence team will be able to assist you. XportLicence will process your application. Once the application is approved and verified by DGFT, the IEC document will be sent to your registered email address.
The process usually is completed within a few working days, and does not need you to visit a physical office.
Why is the IEC Important to Your Business?
The IEC isn't only a legal requirement. It's also a powerful tool for expansion. By having an IEC in hand, businesses can easily expand into international market. It is an identity legal for international transactions. Often, it is required by banks to process foreign payments.
After registration it's not necessary to conduct regular maintenance or compliance inspections related to the IEC. This is a one-time and long-term solution to your business's needs. Companies with IEC registration can enjoy various advantages provided by DGFT as well as customs departments and other government agencies. These include subsidies or tax breaks, as well as access to export promotion programs.
What's the Difference Between IEC as well as Import Licence?
While IEC and Import License both IEC and Import License relate to trade activities, they have different reasons. The IEC is a fundamental prerequisite for any export or import operation in India and is applicable to almost all products and services import export code. However it is an Import License is required for restricted goods or items obtained from specific countries. Most companies only require the IEC to begin trading.
To get an IEC application, one needs to submit an online form and upload the documents via the IEC portal. For instance, requesting the Import License involves filling out a separate type (ANF-2M) and could require manual submissions for certain instances.
Why should you choose XportLicence.com?
XportLicence.com is a reputable and ISO-certified portal that helps make IEC registration easy and painless. The platform is specifically designed for traders who are new to the market, entrepreneurs, small businesses and even large corporations that require efficient and reliable services.
In contrast to other generic portals XportLicence offers expert consultancy to ensure the application is flawless and secure. You get access to real-time tracking, digital support, and personal assistance throughout the entire process.
The platform is transparent safe, user-focused, and transparent. It also offers assistance with digital signature registration, complaint filing and real-time tracking of complaints. XportLicence.com isn't a mere portal. It's an essential part of your trade journey.
Services Offered by XportLicence.com
The platform provides a wide range of services that cater to every aspect of licensing for export and import. They include:
New IEC registration for those who are the first time applicants
IEC update and renewal support
Import-export consulting services
Digital signature registration
Example IEC access to certificates
Online complaint filing and monitoring
Customer support is quick via helpline as well as via email
The whole process is designed to be seamless with minimal documentation and no visits to the office.
What our clients are saying
Many customers across India are extremely satisfied with XportLicence's services. Users have reported increased trade activity, improved access to global markets, and speedier approvals. The service is frequently acknowledged for being fast clear, professional, and transparent.
One client from Chandigarh claimed that their business experienced four times the engagement after registering through XportLicence.com. The majority of feedback is positive, which indicates high confidence and reliability in the services provided.
Frequently asked questions
Which is the IEC Number?
It is an digit-code of 10 by DGFT and is needed by exporters and importers from India.
What's the cost for receiving IEC? IEC?
Fees can vary. Contact support for the latest pricing.
Does it have to be mandatory to service companies?
Yes, if the service is exported and you would like to claim benefits under trade policy.
What if I wanted to sell my product without having an IEC?
No IEC is not required. IEC is required for all legal exports.
What's the average time to get the IEC?
Typically it is issued within a few days after verification of the document.
Are GST registrations required on exporters?
Yes, typically, GST is necessary for tax credits or input credits.
What is the legality of IEC?
The IEC is good for a lifetime and does not require renewal.
Contact Information
If you need assistance, contact us to us between 10:00 AM and 5:00 (5:00) pm 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 and is not affiliated with any authority or government. It functions as a facilitation platform to help users register and maintain their IEC needs easily.
If you're considering entering the world market, start the process with a trusted partner. Visit XportLicence.com today and take your first step towards expanding your business internationally.