IEC for Plants & Seeds - Importance & Procedure
4.9
IEC For Plants & Seeds - Importance & Procedure
Updated on September 09, 2024 03:04:45 PM
International trade is one of the most promising areas, one such of the sectors of which is the export and import of Plants & Seeds in India. The key element which ensures smooth functioning of this sector is the Importer Exporter Code (IEC) for Plants & Seeds which forms a critical part of the overall functioning of trade for the companies involved in export of Plants & Seeds. IEC is much more than just a regulatory formality, it is the key to all the legal grants that a business requires initially to export commodities seamlessly over domestic boundaries. It functions as an identification number, which greatly facilitates functioning in the sphere of international affairs
Thus, the significance of IEC in this regard goes beyond compliance with legal requirements and forms the foundation for the business to be considered credible both in the national and international markets as well as improve the efficiency of the company’s operations. In a market with so many restrictions and legal requirements for the international marketplace, the IEC remains the key resource for those firms planning to unlock global markets for plant and seed production and prevent any illegal trades.
What is IEC for Plants & Seeds?
Import Export Code abbreviated as IEC is a crucial prerequisite needed for foreign trade which is the export or import of products outside the territorial borders of India. This code is significant when companies are involved in export and import business since IEC for Plants & Seeds serve as a special mark that hastens government procedures of compliance with international trade standards. Precisely, the IEC for Plants & Seeds is a legal permission provided by the Directorate General of Foreign Trade (DGFT) for trading these commodities internationally. This permission is specifically important to the importing and exporting companies involving Plants & Seeds in their business since they have to meet strict and latest governments’ regulations for excellent quality of plants and seed along with the international trade laws. An IEC is mandatory and a valuable tool to avoid possible problems and increase the performance by expediting the transactions, increasing the reputation and identifying new opportunities in the international market. Thus, for the companies of this rather specific sector, the IEC is a means to increase their market presence, guarantee the legal non-commercial activities, and become a part of India’s overseas trading system without any legal prosecutions.
Benefits Of IEC For Plants & Seeds
There are numerous benefits of registering an IEC for Plants & Seeds out of which, some of them are mentioned below:
- Enhanced Productivity & Yield: IEC for Plants & Seeds authorizes certificate holders to use advanced agricultural practices, and cutting edge research. This results in not only higher rate of production but also better quality of Plants & Seeds which can be exported at premium prices in the international market. Other than that, IEC for Plants & Seeds results in updated knowledge over irrigation methods , facilities, etc which gives the best return on investment to the business.
- Risk Mitigation: IEC for Plants & Seeds is crucial in educating farmers about agricultural production. It reduces the likelihood of crop failures, pest infestations, and environmental challenges. This leads to a decrease in crop loss and helps maintain consistent production levels, thereby maximizing profitability.
- Enhanced Credibility: A government affiliated certification builds a sense of trust amongst the customers, other businesses and government abroad leading to becoming a reputed business sooner than an uncertified.
- Seamless Operations: IEC certified businesses need not deal with the tedious process of customs and get a unique identification number that helps in tracking while trading their products abroad.
Registration Process Of IEC For Plants & Seeds
The precise registration process of IEC for Plants & Seeds may vary upon the type of organization and documentation, following is the common registration process for the same:
Step 1: Form Filling
Visit the official DGFT website and fill the ‘ANF 2A’ application form online.
Step 2: Documentation
Upload the required documents.
Step 3: Fee Payment
Pay the government fee via mentioned payment methods.
Step 4: Verification
The application form will then be verified by the DGFT, the applicant may need to provide further declarations or documents if any discrepancies are found.
Step 5: Certification
After verification is complete, a certificate is provided to the applicant containing a unique 10 digit IEC code.
Documents Required In IEC For Plants & Seeds
The documents required for registration of IEC for Plants & Seeds are mentioned below. Keep in mind that the exact list of documents may vary depending upon various factors:
- PAN Card
- Passport, Voter ID, or Aadhar Card of the applicant
- Electricity Bill
- A canceled cheque
- Passport size photo
- Certificate of Incorporation
- Covering Letter
Fee Charges
The fee charged for IEC for Plants & Seeds is ₹500 as of 2024. The same can be done by us for you from scratch for a nominal fee of:
| IEC for Plants & Seeds | Government Fee (₹) | Professional Fee (₹) |
| 500 | Starting from 20,000 |
Validity of IEC for Plants & Seeds
The validity of an IEC for Plants & Seeds remains valid for a year from the date of issuance and can be renewed every year for a fee of ₹499. However, the same certification can be revoked instantly if the organization fails to comply with the guidelines or is caught participating in illegal activities by DGFT. In other cases, if the organization does not trade the commodities internationally anymore, they can choose to cancel their IEC.
Conclusion
The Importer Exporter Code (IEC) serves as the foundation for enterprises keen on the exportation of Plants & Seeds. From the business perspective, the IEC not only makes the organization adhere to the legal norms and conditionalities that are highly recoiling and rigid in nature but also unlocks the avenues for international business and way beyond thereby providing an enhanced and an immense opportunity to business organizations for commercial venturing. The fact of having an IEC helps to build confidence by involving overseas partners, suppliers, and clients and establishes the business’s reputation and competitive advantage.
Why Professional Utilities?
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
One Stop Corporate Solution
PAN India
Services
Free Expert
Assistance
Google Verified
Business
Dedicated Support
Staff
Money-Back
Guarantee
Trusted By
.svg)
Frequently Asked Questions (FAQs)
What is the fee for DGFT IEC?
The cost of DGFT IEC is ₹499 for registration. The fee for renewal is ₹1499.
What is the application fee for seed certification?
The exact fee for seed certification depends upon many factors like:
- Crop type
- Certification category
- Additional costs
Who certifies seeds in India?
In India, seed certification is primarily managed by the Seed Certification Agencies (SCAs) under the supervision of various state agricultural departments and the Indian Council of Agricultural Research (ICAR)..
Do I have to pay for IEC?
Yes, the fees for IEC issuance varies depending upon the category of license being issued.
Speak Directly to our Expert Today
Reliable
Affordable
Assured
Call us on
+91 9821113117
[Mon - Sat, 10am - 7pm]
Write to us
8th Floor, Bhandari House - 91, 804,
Nehru Place, New Delhi 110019
Reliable
Affordable
Assurity
They've been very helpful in our registration with ICEGATE. It was a small thing with a small amount paid which somehow escalated to a very painful procedure. Never did they say "You've only paid so much. It's too much effort for us.".
Vivek Anand Ji
