What experts are saying about online IEC registration in India?

Posted by Swarit Advisers on October 1st, 2018

When you plan to enlarge your business then you go abroad to grab benefits and spread the name and fame for your brand but understand the fact that before you even think of stepping into the import and export of any goods or services, accordingly you will have to acquire an Import Export Code. This legally mandatory code is called as import and export code or in short IEC code. Without obtaining this, you can start import and export business. There are also some benefits and subsidies from customs and export promotion council, so it is important to know the importance of IEC registration in India.

Now this article, will tell you everything that you need to know about the IEC registration so you can get a direction on how you can get one for yourself too. Let’s start with some more details of IEC registration. Import export Code will be a unique number of 10 digits assigned to you only which could be registered either on your business name or on your own personal name. From IEC registration you will get a validation for all of the respective units and their divisions, your factories and their branches and it will remain valid for a lifetime. There is no limited time period for re-registration so this is so far one of the best things about IEC Registration.

What are the steps required for IEC registration?

1)     First we will start with the preparation of the application for which you will have to fill theAyaatNiryaatForm-2A to the DGFT in the respective region of your location of registered office. However, now Indian government has also started up with this facility of getting IEC registration online.

2)     Next is the processing of your application for IEC registration, for which you have to submit all the documents, details regarding your business and type of business you want to do along with the bank account details via form ANF2A along with a much required digital signature if you are getting your IEC registration online.

3)     Now once you are ready with the submission, just pay IEC registration fees to the Indian government (IEC registration department). Now there will be chances that the department may not be satisfied with your application or might want you to correct or add certain details or documents then you will be contacted regarding that and you must reply and resolve the issue within the 15 days time period to the DGFT.

4)     Finally, after the completion of your IEC registration application and the completion of the verification of your application by the IEC department, the DGFT (directorate general of the foreign trades) will grant you much awaited IEC registration certificate carrying an IEC code for your business according to your application that you have applied. This certification will come in both forms a soft copy and a hard copy. Soft copy comes up faster as it can easily be mailed and you can start with the import and export business the moment you get your IEC code.

We at Swarit Advisors are 24*7 hr available to help you whenever you need. All you have to do is to make a call on our phone number, our representatives will shortly answer to resolve your issues that you might be facing in applying for online IEC Registration. We have best skilled experts to guide you all the way long.

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