A Step-by-Step Guide to Import Export License in India

A Step-by-Step Guide to Import Export License in India

If you plan to start an import-export business in India, you must obtain an Import Export Code (IEC) license. This is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. The IEC code is required for companies or individuals who want to import or export goods and services from India. It is a prerequisite for opening a bank account, getting customs clearance, and availing benefits under various free trade agreements. In this blog post, we will provide a step-by-step guide on how to obtain an import-export license in India.

What is an Import Export License?

An Import Export License is a document issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India to an Indian importer or exporter.

The document is also known as an IEC code and is required for importing or exporting goods in India. The IEC code number must be mentioned on all shipping documents. It is valid for a period of one financial year, from 1st April to 31st March, and can be renewed annually.

To obtain an Import Export License, the applicant must submit the following documents to the nearest DGFT office: 1. Application form duly completed and signed by the applicant 2. Bankers' report in original

3. Copies of income tax returns/assessment orders for the last 3 financial years 4. Copy of memorandum and articles of association/partnership deed (applicable for companies/firms) 5. Details of previous imports/exports (applicable for second-time applicants only) 6. Declaration regarding fulfillment of conditions mentioned in Para 2(i) & 2(ii) of Schedule I of IE Act 1992 (as amended from time to time). This declaration is not applicable for applications made under the self-declaration scheme notified vide Public Notice No. 14(RE-2013)/2009-14 dated 01st October 2013 7. Undertaking on company letterhead as per format given in Annexure A A leading import-export license provider in India now makes it easy to apply for an import-export license. Our company has been in the industry for nearly a decade, catering to many prestigious organizations.

Bindal Agencies (P) Ltd offers exporters solutions, including customs clearance, licensing, and incentives from JDGFT, in addition to arranging customs clearance. In addition, we provide all other assistance that may be needed by them and we have licensed negotiators for all kinds of licenses, including MEIS. We offer competitive rates to exporters and arrange for the same for importers at nominal charges. We also assist exporters in getting their licenses verified at Customs at nominal charges.

Our services have always met with great customer satisfaction and we have a well-established track record. Despite offering great service at a very competitive price, we have never compromised on quality.

The application for an Import Export License is made online through the DGFT (Directorate General of Foreign Trade) website. The process is simple and straightforward and can be completed in a few minutes.

To get an import-export license for your business contact us and we will help you. All you need to do is provide some additional documents, such as proof of business registration, bank statements, and a PAN (Permanent Account Number) card. After your application has been processed, you will receive your Import Export License number by email.