How to Get IEC Code Registration Number?

With increasing competition amongst the business in India, entrepreneurs are stepping out of the Local Markets to operate at a global level. Doing business abroad comes with several compliances and mandatory licenses that shall be acquired before initiating transactions at an international level. To run a business at a global level one needs to Get IEC Registration Number .

For cross-selling goods and services from India to the places which are outside the domestic boundaries, the business shall obtain Import-Export Code Registration from the necessary authority. It is a mandatory requirement at the time of importing / exporting to mention IEC code for the smooth clearance of goods at custom authority.

Import-Export Code is a 10 digit registration number which is issued by Directorate General of Foreign Trade (DGFT), Government of India, Ministry of Commerce and Industries. DGFT is a government body that manages and regulates foreign trade in India and also it is responsible for forming trade policies regulatory framework and licensing.

Procedure for Import Export Code Registration

Following are the online and offline methods to apply for Import Export code:

Online Procedure for IEC Registration
1. Visit the official website of IEC to apply for Import Export Number online
2. Select the “Online Application” tab from the left side of the screen and select “IEC Code” subsequently from the drop-down menu.
3. The applicant shall enter his PAN number to log in
4. Select the tab “File” and select “New IEC Application” and proceed further to the online application
5. Fill the form and upload relevant documents such as: Copy of PAN of applicant, Passport size photograph of the applicant
Bank details and MOA & AOA in case applicant is a registered company
6. Extract of Board Resolution passed by the company for authorizing the carrying of import-export activity
7. In case the company has its branch office, the same shall be entered in the form.
8. Proceed further to complete the process by making online payment through payment gateways
9. Once the application is submitted, the applicant can check the status of its application using reference number generated online
10. In case everything is found correct, DGFT shall issue the IEC Code License with lifetime validity.

Offline Process for IEC Registration
1. The applicant shall file the form ANF-2A which can be downloaded online from the website of DGFT
2. Complete the application manually which shall be properly signed on every page
3. The application shall be supported by necessary documents such as self-attested PAN, Bank details, residence proof, and passport size photograph
4. The offline application shall be annexed with demand draft payable to DGFT Regional Office
5. The applicant shall attach a self-addressed envelope with INR 30 inside it
6 . Speed ​​post the documents, fee and application to the regional office of DGFT
7. Once DGFT receives the offline application, IEC allotment letter is issued on the self-addressed envelope attached with the application.

Note: This blog has been contributed by SwaritAdvisors who is providing startup, taxation, ca services, business registration, legal & financial services with free expert's help like: GST Registration | Section 8 Company Registration | Microfinance Company Registration | Producer Company Registration | Peer to Peer lending License | Registration of Public Limited Company | Society Registration | FCRA Registration | Trade License | Trust Registration | Eating House License Online

Source: https://swaritadvisors.com/learning/procedure-for-import-export-code-in-india/