We are best IEC code consultants in Chennai Online, with good experience with IEC registration services online. As a import export licence consultants, we can get you all type of import permit, export permit, import export licences for your businesses online. IE Code is a necessary for every business dealing with import export of goods.
IEC stands for Import Export Code. IEC registration is required by a person for exporting or importing goods. It's a 10 digit Code or Import Export Licence Certificate issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India to Indian Companies. We are leading IEC code registration consultants in Chennai for getting import export licence at best cost.
IEC is required for all imports and exports from India.
This means that both importers and exporters need an IEC to clear their shipments from customs and to receive or send money in foreign currency.
Here is a more detailed explanation of why IEC is required in each of the four situations you mentioned:
Import: The customs authorities require the IEC to verify the importer's identity and to confirm their authorization to bring goods into India.
Export: The customs port uses the IEC to check the exporter's identity and to verify their authorization to send goods out of India.
Send money abroad: Banks require the IEC to confirm the sender’s identity and to ensure they have the authorization to transfer money overseas.
Receive money in foreign currency: Banks need the IEC to authenticate the recipient's identity and to validate their authorization to receive money in foreign currency.
Proof of Identity: A copy of the PAN card, voter ID, Aadhaar card, or passport for the proprietor or the authorized signatory.
Proof of Business Establishment: The business entity's certificate of incorporation, partnership deed, or other relevant legal documents.
Proof of Business Address: A sale deed, lease deed, rent agreement, or recent utility bill as evidence of the business location.
Proof of Bank Account: Canceled cheque copies from the current bank account of the business.
Address for IEC Certificate Delivery: A self-addressed envelope for the delivery of the IEC certificate.
Go to the DGFT website: Navigate to the official DGFT website to start the process.
Access Services: Click on the ‘Services’ tab you find on the homepage.
Select IEC Management: From the drop-down, pick the ‘IEC Profile Management’ option.
Apply for IEC: On the new page that opens, choose the ‘Apply for IEC’ option.
Registration: Select ‘Register’, enter your details, and then click ‘Send OTP’ to get a one-time password.
Complete Registration: Enter the OTP received and click ‘Register’ to finalize your account setup.
Change Password: A temporary password will be given to you. Make sure to change it after your first login on the DGFT site.
Login to DGFT: With your username and new password, log in to the DGFT portal.
Start Application: On the dashboard, click ‘Apply for IEC’ again, then hit ‘Start Fresh Application’.
Enter Details: Provide your general information, details of partners or directors if necessary, bank information, and other relevant details. Attach your DSC and proceed to payment.
Payment Confirmation: After paying, you'll be brought back to the DGFT site. A receipt will appear; download it for your records.
Receive Certificate: The IEC Certificate will be emailed to you, and you can download it from the DGFT site under the ‘Print IEC’ section after logging in.