Updated on August 12, 2024 04:24:21 PM
The Import and Export Registration in Pune ensures that your business complies with the import or export of goods from India. This code contains 10 digit alphanumeric codes that are necessary for businesses to comply with import or export regulations. The IEC certificate is crucial for entities that deal with export and import business. Without an IEC certificate, a business cannot engage in cross-border trade and commerce.
To participate in international trade, IEC code registration is essential in Pune to kickstart import and export goods and services. It regulates smooth customs clearance, aids in quick processing of shipments, and is required for receiving benefits from the Export Promotion Council.
In this article, we will provide complete insights about the procedures, fee structure, and documents for IEC code registration online in Pune.
IEC Certificate [Sample]
In India, an Importer Exporter Code (IEC) is a unique 10-digit number issued by the Directorate General of Foreign Trade (DGFT). It's essential for businesses involved in importing and exporting goods and services. The IEC acts as a vital identifier for companies in international trade, allowing them to legally conduct import and export activities. Without this code, businesses can't participate in cross-border trade, making it a mandatory requirement.
While an IEC code allows you to operate an import-export business in Pune, It comes with some additional benefits. Let’s take a look at how obtaining an IEC code will help your import export business :
The IEC code facilitates your overseas trade and legalizes your import and export business. It makes your trade across borders easy and legal.
EFT is a new service offered to exporters that allows them to pay the license fee online via the internet rather than visiting a bank to make the payment.
Before proceeding to the import export license process lets have information regarding the documents needed to get Import Export Code License Online in Pune. The nature of the firm obtaining an IEC may be any of the follows- "Sole Proprietorship, Partnership, LLP, Private Limited Company & Public Limited Company, Trust, HUF and Society."
The documents that would be required are as follows:
You can register for the Import Export 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.
Here is the fee structure for IEC Code registration in Pune:
| IEC Registration in Pune | Fees |
|---|---|
| Aayaat Niryaat Form 2A | NIL |
| Filing at DGFT | NIL |
| Government Fees | ₹500 |
| Professional Fees | ₹999 |
| Total – ₹1,499 only | |
Note: The aforementioned Fees is exclusive of GST.
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.
Apply for IEC code Now
The Validity of an IEC code is 1 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 the deactivation of your Import Export code.
The complications in understanding the process and providing appropriate documents are very much hectic. There is a high chance of rejection of the application at each step of document uploading. There are different standards of Digital Signature certificates (DSC) that must be uploaded.
We at Professional Utilities understand 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 IEC registration 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
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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DGFT(Directorate General of Foreign Trade) issues and updates the Import Export code.
It takes 5 to 15 days for the complete procedure of obtaining an IEC code.
You can apply for Import Export Code by following these steps :
Documents required for Import Export Code registration in Pune are as follows :
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