Import Export Code Starting and registering a business is an important step in an entrepreneurâ€™s journey and choosing the right form of business is equally important. Here, we will guide you on IEC registration that is how you can apply for import export code through LegalRaasta, what are its benefits, what are the documents required for the same.
What is IEC ? IEC is known as many names like importer exporter code, import export code, import export license, import export number which comes under the foreign trade act, 1992. It is a 10 digit code which is provided by DGFT. Therefore, IEC is compulsorily required for import or export of any goods in and out of India. You can take IEC code in personal name and company name also. Any legitimate person or company starting a deal for International trade need IEC. -An IEC number issued to applicant shall be valid for all its divisions/ units/ factories/ branches. IEC is valid for lifetime and there is no need to renew the same.
Benefits of Import Export code On the basis of IEC, companies or firms can achieve profit on their exports/ imports from DGFT, Customs and export promotion council. IEC is necessary to import or export, without importer/exporter code no import or export shall be made by any person or entity. Taking your services or products to the international market will enlarge your businesses.
IEC registration process? An application must be made in the (ANF 2A) i.e. Aayaat Niryaat Form 2A format to the regional department of the DGFT in that region where the registered office of the company is established. The DGFT has arranged online filing facility for obtaining IEC. Details of the business and its proprietors, directors or partners, bank account details and a bank certificate are the basic requirements of ANF 2A. The most important thing is to be kept in mind that the Permanent Account Number (PAN) is mandatory for grant of an IEC. Only one IEC can be allotted against a single PAN. The IEC must be valid for all the factories or branches of the Importer/Exporter. Applications which are complete in all respects are generally disposed of within 2-3 days.
Documents required for IEC • For Proprietorship Personal PAN Card Residential address, Phone number, Pin code, Father’s Name There is no requirement for Memorandum or Articles of association. Statement of any National/ International Bank. Bank certificate as per attached Annexure. 4 Passport size photos 2 Company’s Letter head
Phone number and email ID Date of formation of company as per PAN card
Company’s PAN Card Residential address, Pin code and Phone number on letter head Partnership deed- duly notarized, copy duly self-certified. Statement of any National/ International Bank. Bank certificate as per attached Annexure.
4 Passport size photographs with any one of signing authority 2 Company’s Letter head Phone number and email ID
Date of formation of company as per Deed agreement
•For Private Ltd./ Ltd. Company’s PAN Card
List of directors with residential address, Pin code and phone number on letter head Memorandum and articles of association Statement of any National/ International Bank
Bank certificate as per attached Annexure 4 Passport size photographs (any one of signing authority with mobile number) 2 Company’s Letter head Phone number and email I Date of formation of company as registrar of companies
How to apply IEC using LegalRaasta? We at LegalRaasta have helped over thousand companies in IEC registration. To get your import export code from us, you can To simplify your life, you can get your IEC code sitting at home all you need to do is, go to our website www.legalraasta.com and select Import export code. Fill our online questionnaire. Select your package. You can choose for additional services like ISO and MSME registration and pay accordingly. We will take care of the rest.
Hope this was helpful. Thanks.