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Thursday, 13 July 2017

Import Export Code

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Monday, 15 May 2017

Business Registration India: SSI Certification - Import Export Code in India

to see your 
IEC Code blog as it is just what
I’ve looking for. I am looking forward to another great article from you.

Friday, 20 January 2017

How to start export business in India & Obtain IE Code Online

Steps to start Export Business in India & Obtain IE Code ( Import & Export Code ) Online

1. Choose your products.
2. Decide your company Name. Mostly ending with Exports ( for example Ramsay Exports )
3. Register your company
4. Apply for IEC — Import Export Code.
5. EDC Registration — Register your export company with Nearest Port ( Airport & Seaport )
Now we will go step by step,

Choose your Products:
Starting a export company is the easiest thing. But choosing a product & finding buyers is major work for exporters in India. So before getting into starting up, select your product clearly and gather as much as knowledge about the product.
Do a complete research of legal problems, government policies and restrictions for exporting your product.

Decide your company Name:
Name your company ending with EXPORTS or IMPEX or EXIM.
Why should I name my company ending with EXPORTS or IMPEX or EXIM.?

Say Ramsay is one of the t-shirt manufacturers in Tirupur. If you name an export company as Ramsay Enterprises, The importer or the buyer would not understand what my business nature is. so you will have to tell the buyer that you are an export company to make the buyer understand.
While you choose your company name as Ramsay Exports instead of Ramsay Enterprises, The buyer can directly understand the nature of your business that you are an exporter.

Register your Export Company:
Now, you have decided your company’s name. How to register an export company?.
I wish that you should start as a proprietor until you are a manufacturer having business partners. A proprietor will cut off all the extra steps to obtain the IE code and sooner you can start exporting.
There is a logic this reference of registering your company as proprietor.
1. You don’t loose out any control or early stake to other partners without knowing the contribution.
2. You will mistakes faster and learn much faster than being in a partnership.

Register your company as a proprietor:
Don’t spend on too much money on obtaining TIN or CST at the early stage even though it is required later when you buy from other states or manufacture products or transact with a taxable product for exporting.
Here are the few steps that you need to follow to register your export company & obtain IE Code.

Step1 : Register your company as small scale industry (UDYOG AADHAAR)
Please go to http://udyogaadhaar.gov.in/UA/UAMRegistration.aspx to start registering your company
Enter the details your Aadhar Number & Validate it. then proceed with remaining details. Finally after submission, You will get two copies which look like below image.

Udhyog Registration for IE Code

udhyog copy for IE Code Registration in India
Step 2:  Bank Process
Go to your favourite bank and open a current account by using the UDYOG AADHAAR registration certificate as shown above.
(Provide all other support documents like your pan card, address proof, Photo with initial deposit amount. it will vary from bank to bank from Rs 5000 to Rs 15000 )
Get your current account opened and now you become a proprietor and eligible to do not only exports but also other business in your internal market unless it is taxable.

Statuary Info :
You don’t require a TIN or CST Reg until your product is taxable by the state or central government. You should take it when it is mandatory. It is good to follow the government rules to keep your reputation high.

Apply for IEC Code
Before starting up with this procedure, I advise you to visit your nearest Director General of Foreign Trade Office. & Meet Public Relationship Officer; He should help you with starting up procedures. It is welcomed by all the DGFT Offices so that exports from India can be promoted.
Now here are documents that you require applying for IEC as a proprietor,
These are the basic documents required to obtain IEC Code.  Please go through the below-mentioned steps carefully.

“There are only few important documents that you need to register your export company & obtain IE Code.”

1. Digital Photograph 3X3 of the proprietor — GIF Format.
2. A cancelled Cheque Leaf – PDF Format.
3. Digital Signature – Class 2
Source : http://indiaexportcompany.com/blog/how-to-start-export-import-company-in-india-obtain-ie-code/

 Apply Online IEC Code

Process of applying IEC Code for Proprietorship Firm

IEC stand for “Importer Exporter Code”. IEC is unique 10 digit code issued by DGFT – Director General of Foreign Trade to Indian Companies.
Importer Exporter Code is the basic and mandatory requirement to import or export in India. No person or entity shall make any Import or Export without Importer Exporter Code Code Number. An application for grant of Importer Exporter Code number shall be made by the Registered/Head Office of the applicant. Only one Importer Exporter Code would be issued against a single PAN number. Any proprietor can have only one Importer Exporter Code number and in case there are more than one Importer Exporter Codes allotted to a proprietor, the same may be surrendered to the Regional Office for cancellation.
Importer Exporter Code application can be filed through online or physically.

  1. Form ANF-2 Duly Filed & Signed
  3. Authorization letter
  4. Proof of Services tax Registration- ST-2/VAT
  5. Proof of Address -landline Tel. bill
  6. Proof of Address Electricity Bill
  7. Copy of Rent Agreement/NOC
  8. Self attested Copy of Pan card of Proprietor
  9. Self attested Copy of Address proof of Proprietor
  10. ​Four photographs of Proprietor as on Bankers Certificate.
  11. Draft in favour of additional DGFT
  12. Authorization Letter in the favour of Agent
  13. Cancelled Cheque

Mandatory Information requirement for Application of IEC:
  1. Mobile Number of Applicant
  2. Mail Id of Applicant
  3. Applying for Branch Office/Registered Office

If you are looking IEC Code consultant in India, Please Call us Today - 9540995222 (Mr. Sanket Agrawal)

For more info – follow this link  IEC Code Online.

Friday, 12 August 2016

Now, apply online for importer exporter code (IEC)

Exporters and importers will now be able to Apply Online IEC Code instead of physically submitting papers and making payments at various offices.

IEC is a unique 10-digit code given to exporters and importers by the DGFT without which they are not allowed to carry out international trade unless given special exemption.

The Directorate General of Foreign Trade (DGFT) has started the process of online filing and processing of applications and issuing of codes in a digital format, an official release said.

The required documents for getting the Import Export Code can be uploaded by the applicants online and the required fee can be paid through net banking. Click Here - DOCUMENT REQUIRED TO APPLY IMPORT EXPORT CODE

Processing of such applications by regional authority of DGFT would also be done online and the digitally signed e-IEC would be issued/e-mailed to the applicants within two working days, the release added. In case the application is incomplete or otherwise ineligible, the same shall be rejected and an auto generated rejection letter/e-mail (with reasons for rejection) would be sent to the applicant within two working days.

The DGFT is also working on enabling payment of fee through debit/credit cards, which would further facilitate this process. Once implemented the Online system would be made mandatory.

Till that happens, the existing offline/manual system has also been allowed side by side, in order to facilitate those applicants who do not have net banking facility, the release added.

Efforts are also on for message exchange/integration of the DGFT’s system with Income Tax department and Ministry of Corporate Affairs for verification of PAN and other details. Once implemented, this would further reduce the processing time of e-IEC applications to possibly one day, the release said. 

How to Apply for Importer Exporter code Online

Simple Steps to apply for IEC (Importer Exporter Code) Online. Before going ahead you can read this what is and How to start a Import Export Business in India.

What is IEC Code ?

IMPORTER EXPORTER CODE is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/company for carrying out import/export.

Requirements for applying IEC Code online

An application has to be submitted online at http://www.ieccodeonline.com duly filled in along with documents
  • I know it’s hard but you will have to use Internet Explorer with java enabled and popup blocker disabled in your browser setting.
  • Scanned copy of the following in gif format (compressed version of gif format)
1.     PAN (both sides)
2.     applicant Photograph
3.     Bank Certificate
  • Make sure that size of individual document requires to be submitting online in gif /pdf format should not exceed 300 KB.
  • Exporter must have a Net banking account with one of the following designated banks
7.  IDBI

Steps to Apply online

Step 1 - Go to http://www.ieccodeonline.com and Click on “Apply IEC Code Online” option. You will be prompted to enter your PAN. To Create a new IEC
Application. Fill in your details like -address including city , state, pincode , phone/fax , email, Date of Establishment, PAN date, PAN Issuing authority, Banker Name, Bank Account Number , Name and Designation of Person
Step 2 - Make a Payment of Rs. 3000 through online fund transfer from selected banks
Step 3 - Upload the documents based on your company formation (Number of documents depends on whether your company is sole proprietor, partnership, or registered) PAN Card , Photograph and Bank Certificate is mandatory for all the applicants.
Once the above documents are complete, you should get your Import Export Code in India quite fast. It is normally delivered to your address within 3 to 7 working days.

Friday, 5 August 2016

Commerce Ministry reduces number of documents for Import Export Code (IEC)

NEW DELHI: To facilitate ease of doing business and lessen paperwork, the Commerce Ministry has decided to reduce the number of mandatory documents for taking Import Export Code (IEC) to two.

IEC is required for shipments.

"Only two documents are required to be uploaded /submitted along with the digital photograph while applying for IEC Code," the Directorate General of Foreign Trade (DGFT) said in a notification.

Earlier, several documents including complete details of the entity seeking the IEC Code; details of the proprietor/ partners/ directors/managing trustee of the entity, and details of the signatory applicant were required to get this code number.

It also said "only" online application for IEC Code or modification in IEC Code can be made by applicants through digital signature with effect from April 1 this year.

The Commerce Ministry has been engaged with different departments to reduce paperwork in a bid to cut transaction cost for exporters and improve the ease of doing business.

According to the World bank's report on doing business, India ranked 133 in terms of trade across borders out of 189 economies.

To improve India's ranking, the ministry has already reduced the number of mandatory documents required for import and export of goods to three in each case.

If you are finding IEC Consultants in India, Applying for IEC Code Online, Please you can visit www.ieccodeonline.com.
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