In this “Branch Details” section, a property/company can be filled in. Once you need to fill in all the relevant details, click on âADDâ. If you don`t have a branch there, keep the space empty. The application for an IEC and a PAN, a bank account and a valid address in the name of the company is mandatory. The address can be physically verified by the DGFT when issuing the IEC. Please have your PAN, bank details and company details handy before applying. You will need to complete our simple online APPLICATION FORM for IEC codes and documents by email. Request here the removal of the IEC from the list of refused entities (DEL) and start claiming benefits and DGFT systems again. Sir, can you clarify that even a partnership must apply for an IEC form if it wants to accept payments from a foreign client? IEC (Import Export Code) is required by anyone who wants to boost their import/export activity in the country. It is issued by the DGFT (Director General of Foreign Trade).
IEC is a 10-digit code with lifetime validity. Traders cannot import goods without the import and export code, and likewise the exporter cannot take advantage of the DGFT for the export regime, etc. without IEC. To obtain an IEC code, you must submit valid documents and follow the appropriate procedure so that the Government of India can ensure that you identify yourself as a person or business entity that I wish to register in India. For import and export purposes. If you can submit a full procedure by e-mail to receive the code, an application in Aayaat Niryaat Form 2A format must be submitted to the DGFT in the region where the company`s registered office is located. The government has also set up an online filing system to obtain IEC CODE ONLINE. A power of attorney or letter of power of attorney is a written authorization to represent or act on behalf of others in private, commercial or other legal matters. The person who empowers the other to act is the client, settlor or donor (of power). The person who is authorized to act is the agent or, in some common law jurisdictions, the actual lawyer. A Digital Signature Certificate (DSC) is not required to apply for an IEC.
The IEC application can be signed using Aadhaar authentication. The DSC was introduced in the CIS to strengthen the production and change processes of the CIS. Different documents are required by different entities to obtain the IEC code, and these are given below. It is quite easy to obtain the IEC code from the DGFT within 10 to 15 days after the submission of the application. It is not necessary to prove an export or import to obtain the IEC code. Offer the limited liability company one of the best corporate training in India. Maximum large importer and exporter Choose the limited liability company, as you can easily raise funds through the investor by giving them only shares of the company instead of bank loans or other financing options. Another great feature is limited liability in business. India`s 60% legal entities go with the Private Limited Company. We draft your IEC code request and submit it to the DGFT office on your behalf. After filling in and updating, click on the second alternative for the import and export code, “Branch” on the same page at the top. The IEC Code is in force for the entire life of an entity and does not require renewal.
Once obtained, it could be used by a single entity for all export and import transactions. After collecting all the documents, we review the complete application process for IEC registration. There are 12 steps associated with the IEC code request process. IEC can be applied on behalf of a company which can be an owner, partnership, LLP, limited liability company, trust, HUF and corporation. The company must have a PAN, a bank account in the name of the company and a valid address before applying. The address can be physically verified by the DGFT when issuing the IEC. Please have your PAN, bank details and company details handy before applying. This code has many names, such as import-export code, import-export code, import-export license, import-export number, IE code, IE license, etc.
You can issue this code on your own behalf or under the name of the company. Once issued, it is valid for all its departments/units/factories/branches. However, public sector commercial enterprises (PSUs) that have received an NAP must be given the import and export code number. The above permanent IEC number must be used by non-commercial power supplies. • Copy of the company/company PAN card • Copy of real estate documents (if the property) • Copy of the rental agreement (if the property is rented) • CNP of the owner (format provided by us) • Cancelled check of the company • Electricity /water bill (place of business) • Telephone bill in the same name • Copy of tax returns (in case of ownership) • Certificate of incorporation (in the case of a company) • Statement of account of the company / company • AOA and MOA (in the case of a company) • 1-digit CEO (in the case of a company) Yes, people acting as owners of a company can obtain an IEC registration. Individuals can use their company name or company name to apply for IEC registration. IEC is a code assigned on the individual PAN number or pan number of the company for the import/export of goods/services of products and also to enjoy several benefits of the Export Development Council or DGFT. According to the latest government circular, the IEC is not mandatory for all GST-registered merchants. In all these cases, the operator`s NAP should be interpreted as a new IEC code for import and export purposes. The Import and Export Code (IEC) does not need to be used if the exported or imported goods are for personal use and are not used for commercial purposes. Export/import by departments and ministries of the Government of India, notified non-profit institutions do not need import and export code.
Here we guide you step by step with images from the DGFT website to apply for the IEC code procedure. The Import and Export Code or IEC is a 10-digit code that a company or person needs to import/export goods/services. .
