Are Government offices required to have IEC?
The State government or Central government offices are not required to take IEC enrollment. They are dispensed a fixed number which is cited for any such exchanges.
Regardless of whether IEC is required on the off chance that you have GST?
Each individual who imports or export s needs to take IEC enrollment. It is compulsory to enlist a PAN with DGFT office if the business includes imports or export s even you have enrolled under GST.
IEC standards are extremely straightforward, don’t get influenced rumours. Simply center around structure your business internationally. In any case, remember to enroll under IEC and different enlistments as appropriate, to carry on business with no issues.
Why Import and Export Code is necessary to buy/sell items internationally?
Import Export Code, ordinarily known as IEC is a 10 digits code designated by Directorate General of Foreign Trade (DGFT) to the candidates to permit the cross guest business from India. It is a brought together enrollment with the existence time legitimacy.
For the LLP or any OPC registration who need to trade their merchandise abroad, a legitimate permit is vital whose root is inside the nature of import and fare. This License comes as a code, the Import-Export Code. With this permit, you have now the legitimate appropriate to have the option to import and export item to and from India.
Where Import Export Code Is Not Mandatory?
As indicated by the most current circular issued by the Indian government, IEC registration is not mandatory for all business man who has done company registration. In each single case, the PAN of the business person will be referred to as the new IEC code for the importer-exporter of goods and services. IEC code is not essential if the purpose of the code is not for business and is only obtained for personal use. The government of India, Departments, and Ministries not necessary to getting Import Export Code for Notified Charitable organizations.
What are the documents required for the IEC?
According to the Foreign Trade Policy, it is required to acquire IEC for fare/import from India. Para 2.05 of the FTP, 2015-20 sets out the methodology to be pursued for getting an IEC, which is PAN based.
An application for IEC is submitted online at www.dgft.gov.in according to ANF 2A, online instalment of use charge of Rs. 500/ – through net Banking or credit/plastic is made alongside imperative archives as referenced in the application structure. (For more data Click here)
Personal PAN Card or Company PAN Card
Copy of a cancelled cheque from the business’ current account
IEC can only be allotted on the basis of PAN card and the applicant could get only one IEC on the basis of his/her PAN.
5) Registration cum participation testament (RCMC)
For any further query you can contact us any time. We will help you regarding IEC registration and deliver license at your doorstep.