IEC Registration – Semantic Taxgen Pvt Ltd

IEC Registration

How To Register IEC Registration

Step 1

We do a thorough check of the files you send in

Step 2

Our team will process your application online.We will also follow up with the department regularly till your code is issued

Step 3

The TIN will be issued within 15 days of the application

About IEC Registration

IEC Registration or Import Export Code Registration is required for entities involved in Import or Export businesses. A 10-digit code is issued by the Director-General of foreign trade with lifetime validity. IEC code is an essential prerequisite for a hurdle-free import or export. However, import export code is not required when goods are imported for personal use only.

IEC Registration is not required when imports or exports are done by the Government of India, its Departments, and Ministries, and notified charitable institutions. IEC is not required for the traders who are registered under GST, PAN number of Trader will be treated as IEC code. IEC application is available online to expedite the process.
Entities having IE Code can avail benefits of DGFT Export Incentives schemes and other Scheme of Export promotion council.

Provisional MSME Registration

The first stage of MSME registration is provisional which is given during the period before the establishment of the entity or the pre-investment period of the firm. At this point, the enterprise qualifies for:

  • Obtaining facilities for accommodation, land, etc.
  • Obtaining important approvals and NOCs
  • Obtaining clearances from regulatory bodies such as Pollution Control Board and Labour Regulations

The Provisional SSI Registration Certificate (PRC) enables small units to obtain term loans, and working capital from financial institutions and banks under priority sector lending.

Permanent MSME Registration

The second type of MSME registration is permanent. It is given to industrial units that are already functioning. Though the Act is not mandatory, it is immensely beneficial for firms to have the support of government.

  • The IEC registration helps traders open the doors to venture into the global market, including registration in online e-commerce operators.
  • Businesses can avail government schemes like Merchandise Export from India Scheme (MEIS), Service Export from India Scheme (SEIS) and others from Customs and Export Promotion
  • No compliance requirements pos registration and hence maintaining the business is relatively simple
  • The process of obtaining IEC is not tedious and can be obtained with minimal, basic documents.
    • Mandatory for Imports and exports
    • Bank require IEC code to remit payment overseas for imports.
    • Bank require IEC Code for crediting Inward payment recieved against exports.
    • Imports through Post/Courier also requires IEC Registration code
    • IEC Registration is mandatory for Export incentives
    • IEC Registration is mandatory for availing benefits under different DGFT Schemes.
  • Pan Card copy of the entity
  • AOA and MOA/LLP Agreement or Partnership Deed/Shop Act registration.
  • Address proof of Business
  • Board resolution/Letter of Authorised Signatory
  • KYC and photograph of Directors/Partners/Proprietor
  • E-mail ID of Directors/Partners/Proprietor
  • Valid Indian Mobile Number of Directors/Partners/Proprietor
  • Bank Statement/Cancelled cheque/Passbook
  • Step 1: The online IEC application form in the format Aayaat Niryaat Form no. 2A is filed with the Directorate General of Foreign Trade. Alternatively, it could also be done offline at the Regional office of DGFT.
  • Step 2: All the required documents, including bank details and DSC, have to be submitted
  • Step 3: Next, the Import Export code will be allotted and the application will be processed further
  • Step 4: Once the documents and application are verified by the authorities, the import export license will be granted as a soft copy to the entity.

How Can We Help In Registering

  • IEC Registration Certificate

Frequently Asked Questions

What is IEC code and legal provision under which it is covered?

Do IEC certificate having any validity period and how to renew it?

  1. Collateral free credit guarantee scheme by SIDBI.
  2. Credit Linked capital subsidy scheme for technology up-gradation.
  3. ISO 9000/ISO 14001 Certification Reimbursement Scheme
  4. Marketing support /assistance to MSMEs
  5. Support for entrepreneurial and managerial development of SMEs
  6. Online reporting portal for MSMEs for delayed payment
  7. Interest rate subvention
  8. 25 % of the total sourcing for government projects will be from Indian MSME sector. Notably, 3% of this 25% will be from women entrepreneurs.
  9. Subsidy on patent registration.
  10. Collateral free loan through banks under priority lending.

Can I duplicate IEC be obtained?

What is the procedure of surrender of IEC?

Is there any tax levied on the IEC Code?

Phone Support

+91 9654831210

Email Support

info@semantictaxgen.in

Visit Us On

1007, Roots Tower,Laxmi Nagar District Centre,
Near Nirman Vihar Metro,
New Delhi-110092

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