Updated on August 17, 2024 10:43:21 AM
Import Export Code in Bhadravati is a crucial business identification number mandatory for imports in India and export from India. IEC code is issued by the Directorate General of Foreign Trade (DGFT) to ease Foreign trade in India. Without IEC code registration, you cannot import or export goods in Bhadravati.
It is very significant for import-export code registration in Bhadravati, which is not only important but also mandatory if undertaking any business involving the import and export of products and services supplied in the state. If you do not have any import and export codes, you will not be able to clear your goods from the port, whether it is a shipping port, an airport, or another port.
To get the Import Export Code in Bhadravati, apply to the Directorate General of Foreign Trade with the necessary documentation. After the application, the DGFT will issue the entity's IE Code within 15-20 business days. Once you have an IE Code, it is valid for a lifetime and does not require renewal. The IEC Registration in Bhadravati is valid until the business exists.
Thus, once issued, the IE Code Registration is valid forever and does not require renewal or filing like GST. Therefore, most businesses importing or exporting goods and services from India must get an IE code. Most importers and merchants can only import goods with an IEC code, and exporters are not eligible for the DGFT Department's export scheme, among other benefits. Importers' IE codes are required by banks when transferring or receiving money abroad, and they must be quoted while clearing customs and sending goods.
Read on to learn more about the Importer exporter code, its benefits and the process of obtaining an IEC Code.
IEC Certificate [Sample]
IEC code is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) to ease foreign trade in India.
You cannot import or export goods in Bhadravati without IEC code registration. Once the IEC code is issued, an exporter can apply for port registration on the Ice gate portal with the help of AD Code Registration .
Importer Exporter code is the primary requirement to enter the international market and expand your business. While an IEC code allows you to operate an import-export business in Bhadravati, it has many additional benefits. Some of them are listed below :
Before beginning the import-export registration procedure in Bhadravati, it is critical to understand the documentation required to obtain an Import Export Code license online in India. businesses that receive an IEC include sole proprietorships, partnerships, LLPs, private and public limited corporations, trusts, HUFs, and societies.
Register your import and export business with Professional Utilities to get your IEC Certificate . You get the free consultations and quick service at lowest Price with us.
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Any Proprietorship firm, LLP, Company, Trust, HUF or Individual engaged in any of the following foreign trade activities is eligible for obtaining an IEC Code :
You can register for the Importer Exporter code offline as well as online. The online registration process is effortless, and you don’t need to go anywhere. The process is carried out in 5 steps :
The Directorate General of Foreign Trade(DGFT) is an online government portal where you can register for an import-export license. Your first step is to register on this portal.
The second step is the application phase, where all your documents are arranged and prepared for application. Refer to the documents required for better understanding.
An importer/exporter is required to file an online application in ANF 2A(i) and submit the required documents for verification. You also need to pay the government fees to complete the application process.
Once your application is submitted, it is sent to DGFT for verification. In case there is wrong or incomplete information, Your license will be canceled. So, make sure you provide the correct information.
Your IEC code will be issued after the approval by DGFT. In the case of the online application, you will get an e-IEC. Once approved by the competent authority, you will be notified through email or SMS that your e-EIC is available on the DGFT website.
However, it is generally recommended that any person or business that engages in the export or import of goods must obtain an ICE license. Thus, IEC registration is useful in a variety of situations. They are:
| IEC Registration in Bhadravati | Fees |
|---|---|
| Aayaat Niryaat Form 2A | NIL |
| Filing at DGFT | NIL |
| Government Fees | 500 |
| Professional Fees | 999 |
| Total Price : ₹1,499 only | |
Note: The aforementioned Fees is exclusive of GST.
The Validity of an IEC code is One year . Unlike other government licenses, The Import Export Code was valid for a lifetime. However, after the amendments in Foreign Trade Policy on 12th February 2021, the import-export code has now to be renewed every year.
This amendment made the renewal of Import Export Code details mandatory for every IEC and e-EIC holder. Even if there are no updates in IEC, the same has to be confirmed online on the DGFT portal. Failing to do so may result in your Import Export code deactivation.
The complications in understanding the process and uploading appropriate documents are very hectic. It takes a lot of time and effort. There is a high chance of rejection at each step of document uploading.
We at Professional Utilities understand that completely. That’s why we come forward to help you avoid the hassle and get your Import Export Code registered at the minimum price guaranteed so that you can concentrate on running your business and leave the legal formalities to us.
You can apply for the IEC certificate in just three simple steps with us :
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your IEC registered in 2 working days
Hence, it’s clear that every individual who wants to extend their company internationally must engage in export-import deals. The registration process has been simplified and made available online to simplify completion and compliance with required procedures. While applying for and receiving an IEC number can qualify an individual or organization for a range of government programs, failing to obtain one can result in large fines and penalties in Goa. However, it is always important to get advice from reputable experts with extensive professional experience in the subject, and you may start with us.
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.
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An application and the required documents need to be filed to the Directorate General of Foreign Trade in Goa to acquire the Import Export Code. On submission of the application, the IE Code will be issued by the DGFT within 15 to 20 working days to the entity.
At professional Utilities, It takes less than 3 days for the complete procedure of obtaining an IEC code.
Documents required for Import Export Code registration in Bhadravati are as follows :
DSC is not mandatory for an IEC certificate. DSC has been introduced in IEC registration to strengthen the application process. You can sign the application with Aadhaar authentication.
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