Importer Exporter Code
Complete by: within 3 days*
*Subject to approval of Government portal services
- IEC Certificate
Import Export Code Registration in Pune:
The Startup Portal provides various services and resources to startups, including guidance and support on business registration, funding, and compliance.
For Import Export Code (IEC) registration, startups in Pune can avail services of the Startup Portal to file application forms, and other relevant information. The portal offers a streamlined and efficient process for IEC registration, enabling startups to obtain their code quickly and easily.
Overall, the Startup Portal in Pune is a valuable resource for startups looking to obtain an IEC and participate in international trade, providing them with the necessary guidance and support to navigate the process effectively.
What is the Import Export Code (IEC)?
Import Export Code (IEC) is a unique 10-digit code issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It is mandatory for businesses involved in import or export activities to obtain an IEC. The code is a proof of identity for the business and is required to conduct international trade. IEC is a simple and easy process that requires submitting an application online to the DGFT along with the necessary documents. Having an IEC helps businesses comply with legal requirements related to import-export activities, simplifies the process of obtaining various licenses and permits, and offers access to government incentives and export promotion schemes.
When is Import Export Code (IEC) Required?
An Import Export Code (IEC) is required when a business engages in any import or export activities. It serves as a unique identification number for businesses involved in international trade and is mandatory for all importers and exporters in India.
Therefore, if a business in Pune is involved in importing or exporting goods or services, it must obtain an IEC to conduct its activities legally. Without an IEC, a business cannot clear its goods through customs, receive any export benefits from the government, or participate in any international trade-related activities.
It is important to note that an IEC is valid for the lifetime of a business and require renewal/modification on yearly basis.
Benefits of Import Export Code (IEC) in Pune?
Import Export Code (IEC) is of utmost importance for individuals and businesses in Pune who wish to engage in international trade activities. Here are some key reasons why obtaining an IEC is essential:
- Legal Requirement: IEC is mandatory for anyone involved in importing or exporting goods or services from India, making it a crucial legal requirement.
- Global Recognition: IEC is globally recognized, and it serves as proof of a business’s credibility and legitimacy when dealing with foreign partners.
- Expansion of Business: IEC enables businesses to expand their operations beyond the domestic market by exploring opportunities in the international market.
- Access to Government Benefits: IEC enables businesses to avail various government benefits such as subsidies, incentives, and schemes, facilitating the smooth processing of customs clearance.
- Simplified Documentation: IEC eliminates the need for separate documentation for each transaction, simplifying the documentation process and saving time and effort.
The Import Export Code (IEC) is essential for businesses engaged in international trade activities in Pune. It not only ensures compliance with legal requirements but also enables businesses to access global markets, government benefits, and simplified documentation, ultimately contributing to the growth and success of their business.
Documents Required For Import Export Code (IEC) In Pune?
To obtain an Import Export Code (IEC) in Pune, the following documents are required:
- PAN Card: A copy of the PAN card of the individual or business applying for the IEC is mandatory.
- Bank Account Details: A canceled cheque or a bank certificate stating the applicant’s bank account details is required.
- Passport-size Photographs: Two passport-size photographs of the applicant are necessary.
- Address Proof: A copy of any of the following documents is required as proof of address – Aadhar Card, Voter ID, Passport, Driving License, or Utility Bill.
- Partnership Deed/Incorporation Certificate: Partnership deed or incorporation certificate, as applicable, is necessary for a partnership or company.
- Letter of Authorization: If the application is made through an authorized signatory, a letter of authorization from the applicant authorizing the signatory to file the application on behalf of the applicant is required.
- Export/Import Documents: In some cases, export or import documents may also be required.
What is included in Our Import Export Code (IEC) Package?
Our Import Export Code (IEC) Package includes the following:
- Consultation: Our team of experts will provide consultation to understand your business requirements and guide you through the IEC registration process.
- Application preparation: We will prepare and submit the IEC application on your behalf, ensuring all necessary details and documents are included.
- Application tracking: We will keep you updated on the progress of your IEC application and provide you with the necessary information to track its status.
- Documentation: We will provide you with a checklist of required documents and ensure that all documents are correctly filled and submitted.
- Registration support: Our team will provide support and guidance throughout the IEC registration process and answer any queries you may have.
Our Import Export Code (IEC) Package includes consultation, application preparation, tracking, documentation, and registration support, enabling businesses in Pune to obtain an IEC quickly and efficiently while ensuring compliance with all legal requirements.
Why Choose Startup Portal an Import Export Code (IEC) in Pune?
There are several reasons why startups in Pune should choose the Startup Portal for Import Export Code (IEC) registration:
- Easy and streamlined process: The Startup Portal provides a simple and efficient process for IEC registration, enabling startups to obtain their code quickly and easily.
- Access to resources and information: The portal provides startups with access to a range of resources and information related to IEC registration, including application forms, guidelines, and other relevant information.
- Guidance and support: The Startup Portal offers guidance and support to startups throughout the IEC registration process, helping them navigate the process effectively.
- Cost-effective: Using the Startup Portal for IEC registration is cost-effective, as startups can save time and money by avoiding the need to hire third-party service providers.
- Access to government schemes and incentives: The Startup Portal provides startups with access to a range of government schemes and incentives that can support their international trade activities.
Overall, the Startup Portal is a /trusted consultant/service provider/ for startups in Pune looking to obtain an IEC, providing them with the necessary guidance, support, and resources to navigate the process effectively while also saving time and money.
Frequently Asked Questions(FAQ's):
The IEC is usually issued within 1-2 working days from the date of submission of the application, provided all the documents and information are in order.
Yes, a DSC is required for authentication and signing the online IEC application form.
No, an individual can only obtain one IEC, which can be used for all import and export activities.
Yes, IEC registration is a one-time process and the issued IEC is valid for the lifetime of the business or entity, unless there is a change in business structure or other details.
Yes, the IEC can be modified or updated in case of any changes in business details or structure, such as a change in the name of the business or address.
The government fee for IEC registration is Rs. 500, as per the DGFT guidelines.
Yes, there is a penalty of 10 times the application fee for late IEC registration, i.e., if the application is submitted after the due date.
Yes, businesses with an IEC need to register for GST if their turnover exceeds the prescribed limit.