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IMPORT EXPORT LICENSE

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IMPORT EXPORT LICENSE

What is Importer Exporter Code (IEC)
The first requirement before you start an import/ export business in India is to obtain an IEC. An IEC is necessary for import/export of goods. In case the import/export is of services or technology, IEC is required in only limited circumstances, when import/export is in ‘specified services’ or ‘specified technologies’, i.e. services or technologies in which international trade is restricted by the Government of India as they pertain to national security, such as dealing in nuclear weapons, automatic guns, etc.
IEC is not required under the following circumstances:
Import/export of goods for personal use, which is not connected with trade, manufacture or agriculture.
Import/export by government ministries and departments, and certain notified charitable organizations.
Our organization is a trusted name engaged in offering services related to Import-Export Code. We provide this code to the customers engaged in import-export activities. Our legal advisors have in-depth knowledge of the rules and regulations and carry out the process effectively. This allows us to meet the expectations of our clients. We provide our clients with the following
Import-Export code number
Import-Export consultancy & documentation.
The documents required are as under
Certificate of Incorporation / Registration
Memorandum of Association and Articles of Association
Pan Card of Company & Date of application for the pan card
Bank Certificate on the letter head of the bank as per prescribed format
Color Photo of the signatory
ID and Address Proof of Signatory
Board Resolution
Landline Telephone Number in the name of company
Signed Form for signature
Procedure for obtaining IEC
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An application must be made in the Aayaat Niryaat Form 2A (ANF 2A) format to the Regional Authority of the Directorate General of Foreign Trade (DGFT) in the region where the registered office of the company is situated.

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The DGFT has provided online filing facility for obtaining IEC and other authorizations. Form ANF 2A requires basic details of the business and its proprietors, partners or directors (as applicable), bank account details and a bank certificate (where the business has an account) stating the period for which the business has an account with the bank.

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The IEC issued is valid for all the branches or factories of the importer/exporter, as the case may be. Applications which are complete in all respects are normally disposed of within two days. For practical purposes, you can provide for a week’s time.

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Once the above documents are complete and submitted to the DGFT, you should get your Import Export Code in India quite fast. It is normally delivered to your address within one to two weeks.