What Is The Cost Of IEC?

by | Last updated on January 24, 2024

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IEC Code Number Application Fee Rs 250.00 (Expert TIP : Pay via EFT (Electronic Fund Transfer ), and submit IEC Online Application form, If you wish to receive IEC Number instantly) The physical application containing required documents should reach DGFT RLA concerned within 15 days of its online submission.

How much does it cost for export license?

This code is better known in India simply as an export license, and is easy to apply for and get from the zonal or regional office of DGFT which has jurisdiction over your location of business. You can now also submit an online IEC application at dgft.gov.in with the required documents and fee of Rs. 250 .

How much does it cost to get IEC?

IEC Code Number Application Fee Rs 250.00 (Expert TIP : Pay via EFT (Electronic Fund Transfer ), and submit IEC Online Application form, If you wish to receive IEC Number instantly) The physical application containing required documents should reach DGFT RLA concerned within 15 days of its online submission.

How can I get IEC license?

  1. Step 1: Go to the DGFT Website.
  2. Step 2: Then You need to Go on Services tab.
  3. Step 3: Enter your PAN number (A Person/if any Company PAN Card)
  4. Step 4: Enter the your details (As Mentioned on PAN Card)
  5. Step 5: Enter your mobile number to get (OTP) verification process.

Is GST required for IEC?

According to the latest circular issued by the government, IEC is not mandatory for all traders who are registered under GST . In all such cases, the PAN of the trader shall be construed as new IEC code for the purpose of import and export.

Is current account needed for IEC code?

To apply for an IEC, PAN, bank account & valid address in the name of the firm is mandatory . Address may be physically verified by the DGFT on issuance of the IEC.

How do I check my IEC status?

The facility to check status of Import Export Code(IEC) application can be accessed from DGFT website using Online Application → IEC → Know your IEC Status or directly from http://164.100.128.145:8100/IecStatusReport/ link.

How do I renew my IEC certificate?

  1. Let’s start with the basic understanding of IEC. ...
  2. Register at https://www.dgft.gov.in/CP/ ...
  3. Login at DGFT and link the IEC to the account, which is created above. ...
  4. Update the IEC. ...
  5. Review the filled form and sign it by using DSC or Aadhar e Sign.
  6. Download the updated IEC Certificate.

How can I get export license?

Import-export companies in Dubai need to apply for a trade license and register the company in Dubai . To do so, you will have to apply with the Department of Economic Development (DED). Import and export business requires a Commercial License and will be registered as a Limited Liability Company (LLC).

How can I get export orders?

  1. Digital world changed each human being in the world widely for the past two decades. ...
  2. Effective communication plays an important role in business market. ...
  3. You can send samples as per buyer’s requirements. ...
  4. Attend in Trade fair, exhibit your product.

What is IEC certificate?

Import Export (IE) Code is a registration required for persons importing or exporting goods and services from India . IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India.

How can I get IEC code offline?

Offline Application procedure for application of IEC Code

Step 1: An application should be made by filling the form ANF 2A . You can find the form here. Step 2: Download the form and fill all the details in the part A, B and D. Step 3: Sign on every page of the form.

What is the next step after getting IEC code?

Get IEC code and proceed to next step. Register with Export Promotional Council (RCMC): RCMC stands for Registration Cum Membership Certificate. Always remember, if you are an exporter of goods, then it is mandatory to register with the export promotional council or with Commodity Board of India.

Which DSC is required for IEC code?

You will need a Class 3 DSC if you wish to obtain an Import or Export License in India. Additionally, if you wish to register the business or license in the name of a single representative, you will need a class 3 DSC as well.

Can we export services without IEC code?

Simple answer, yes you do. Without an IEC code, merchants will be unable to export goods and services to other countries . The IEC Code is required by the Customs Port in case a merchant is exporting goods and services.

How can I import without IEC code?

Let’s understand this: As per the latest circular issued by the Government of India, IEC is not mandatory for those companies which are registered under GST. Their PAN is considered to be the new IEC code. Hence, for any import or export, you will be using your PAN card as your IEC code.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.