Import Export Code - PowerPoint PPT Presentation
Title:
Import Export Code
Description:
All businesses which are engaged in Import and Export of goods require to register Import Export Code . – PowerPoint PPT presentation
Number of Views:230
Title: Import Export Code
1
Import Export Code
- Starting and registering a business is an
important step in an entrepreneurs 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.
2
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.
3
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.
4
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.
5
Documents required for IEC
- For Proprietorship
- Personal PAN Card
- Residential address, Phone number, Pin code,
Fathers 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 Companys Letter head
- Phone number and email ID
- Date of formation of company as per PAN card
6
- For Partnership
- Companys 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 Companys Letter head
- Phone number and email ID
- Date of formation of company as per Deed
agreement
7
- For Private Ltd./ Ltd.
- Companys 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 Companys Letter head
- Phone number and email I
- Date of formation of company as registrar of
companies
8
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.
Recommended
CrystalGraphics Presentations
