(IEC) Import Export Code Registration in Pune
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Price: ₹ 2000/-*
*Subject to approval of Government portal services
Inc. Govt fees
Time Period – 1 days after receipt of all documents
(IEC) Import Export Code Registration in Pune
An Importer Exporter Code is a 10-digit number issued by the Government of India’s Directorate General of Foreign Trade (DGFT). It is a one-of-a-kind identification number that importers and exporters must have in order to conduct business in international trade.
The application for IEC registration can be made online, and the applicant does not need to be physically present at the DGFT office.
IECs are issued for a lifetime and do not need to be renewed. Once obtained, it can be used for any import or export transaction. The IEC is an important document required by customs authorities when clearing shipments at ports. It is required for customs clearance as well as the processing of shipping bills or entry documents
The Importer-Exporter Code (IEC) is a critical business identification number that is required for both exports and imports. No one may import or export unless they have an IEC Number issued by the DGFT
IEC Registration Process in Pune
The applicant must submit the required documents to the DGFT via the online portal. If you are looking for information on IEC registration, you typically need to follow these steps in India:
Step 1- Visit the DGFT Website: Go to the DGFT official website (dgft.gov.in) and navigate to the “Online Application” section.
Step 2- Create an Account: Register for an account on the DGFT website.
Step 3- Fill the Application Form: Complete the IEC application form with accurate details about your business, such as name, address, and bank details.
Step 4- Upload Documents: Upload the required documents, which may include PAN card, address proof, and bank certificate.
Step 5- Pay the Fee: Pay the necessary application fee online.
Step 6- Import Export Code Generation: Once the application is processed and approved, the DGFT will issue the IEC.
Eligible entities for Import Export Code registration in Pune
Following entitiess can apply for IEC Registration in Pune:
✑ Proprietorship Firm
✑ Partnership Firm
✑ Limited Liability Partnership (LLP)
✑ Private Limited Company
✑ Private Trust or Public Trust
✑ HUF
✑ Society
✑ Public Limited Company
As a result of the implementation of GST, the IEC number is the same as the firm’s PAN. The IEC would be issued separately by DGFT.
An IEC code is a permanent code with no expiration date. The IEC remains valid once obtained unless cancelled or deactivated by the DGFT. This deactivation is possible if the IEC is not updated on an annual basis.
Minimum Documents required for registration Import Export Code (IEC)
📋 Pan card of the entity
📋 Aadhar Card of the proprietor
📋 Cheque/Bank statement of the entity
📋 Address proof of the entity
📋 Other documents as needed
If an IEC holder wishes to cancel their IEC, they can do so by submitting an online request to surrender their IEC through the DGFT website. Submit the required documents to complete the ‘Surrender IEC’ process and the application.
Benefits of IEC registration in Pune
Here are some benefits of IEC registration:
✑ Global Recognition: IEC registration offers global recognition for businesses and individuals engaged in international trade. It is proof of the entity’s legal status as an importer/exporter.
✑ Mandatory for International Trade: IEC registration is mandatory for importing and exporting goods and services. Without an IEC, businesses cannot conduct international transactions.
✑ Expansion of Business: IEC registration helps businesses expand into international markets. It enables them to compete globally and reach a larger customer base.
✑ Access to Government Benefits: IEC holders are eligible for government-provided benefits and schemes that promote international trade. These benefits could include financial assistance, subsidies, and other incentives.
✑ Opening of Bank Accounts: Banks often require IEC when opening a business account. It is an essential document for conducting international financial transactions involving imports and exports.
✑ No Renewal Requirement: Unlike other registrations, the IEC does not require renewal. Once obtained, it remains valid for the entity’s entire lifetime. This reduces the administrative burden for businesses.
✑ Simplified Customs Procedures: IEC streamlines customs processes and documentation for import and export transactions. It streamlines the process, making it more efficient for businesses.
✑ Participation in International Events: IEC registration is often required for participation in international trade exhibitions, fairs, and events. This gives businesses the opportunity to showcase their products or services to a global audience.
✑ Attracting Foreign Investment: Having an IEC can attract foreign investors by demonstrating a commitment to international trade and regulatory compliance
✑ Legal Compliance: IEC registration ensures businesses meet legal requirements for international trade. It helps to avoid legal complications and penalties.
In summary, IEC registration is crucial for businesses involved in international trade, offering various benefits that contribute to global recognition, business expansion, and access to government incentives.
It is advisable to consult or take assistance of an expert professionals like Anuvartana Services LLP for error less and smooth IEC Registration in Pune.
If you want to obtain IEC registration Certificate, Anuvartana Services LLP is best place for it.
For more information or assistance in getting IEC registration Certificate in Pune, you can connect our experience experts for a free consultation. on 8975973470 or anuvartanaservices@gmail.com
An IEC allotted to an applicant shall have permanent validity.
The Government fees for Import export code(IEC License) registration is ₹500. The professional fees for IEC code Registration is ₹999. Hence, the Total cost of getting an IEC certificate will be ₹1499 (₹500 + ₹999).
Full form IEC is Import Export Code
According to the notification, an IEC holder must update its IEC electronically every year from April to June. If the IEC particulars remain unchanged, the IEC holder must also update and confirm them. The deadline for updating or modifying your IEC information for fiscal year 2021-22 is June 30th.
In an event where a business will be shut down, the seller can also surrender the IEC certificate