How To Register A Import Export Company In India

Then you need to register your new business and choose a name for your business entity. Register for your IEC The Importer -Exporter Code IEC is a key business identification number which is mandatory for Exports or Imports.

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The very first and the most important thing to carry your import-export transactions is the registration of an IEC or an Import Export Code.

How to register a import export company in india. Open a bank account. You can form a Sole Proprietorship firm a Partnership firm an LLP A Private Limited Company or A Public Limited Company. Get the Import Export Code IEC issued This is one of the most important requirements to get your import and export business started.

There are only a few important documents that you need to register your export company obtain IE Code. In this article we will discuss in brief about the Import Export Code. On 25 October 2014 Hii am interested in starting importExport Bussiness from my home itself already i am a registered company name with a partnership Could you pl tell which type of import Export business is good fornow in indiaRight now.

It is also known as Importer and exporter code. For doing any business related to import and exports an entity at first have to obtain an IEC registration. 1company proprieter ship firm LLP partnership firm Ltd company 2iec import export code.

Document Required to apply IE Code Online as Sole Proprietor. EDC Registration Register your export company with nearest port Airport andor Seaport List of Documents Required for IEC Application. You will also need to get a VAT registration certificate.

After the registration they will be allotted with a unique code number from the DGFT. Either you register with MSME or GST. This code consists of a 10 digit code which has issued by Director General of Foreign Trade Government of India or Ministry of Commerce to Indian firms or companies.

To start the export business first a sole Proprietary concern Partnership firmCompany has to be set up as per procedure with an attractive name and logo. This code is known as Import Export Code or IEC and it is issued by DGFT Ministry of Commerce and Industries Govt. It can be obtained from the DGFT website.

What is an Import - Export Code IEC. 2 Opening a Bank Account. For starting an export import business one first needs to decide the form your business will take depending on the structure of ownership.

250 through electronic money transfer. You must have some licenses to start import export business in India. This will help you.

Register your firm if its not already registered. IEC is required in all cases except in case of restricted or. Basically for any type of business in India need IEC Import Export Code Registration Number for doing Import Export Business.

After all these documents your company becomes eligible to export anywhere from IndiaMore video IMPORT EXPORT. To legally run an import-export company in India youll need to register your business with the government. 1 Establishing an Organisation.

New Online Process for Registration of IEC Import Export Code in India from July 2020. When is IEC code required. Make sure to provide your importer number on all these forms.

Import export code or IEC is a ten digit identification number that is issued by DGFT Director General of Foreign Trade Department of Commerce Government of India and possesses a lifetime validity. Individuals Pan Card is being used for IE code registration. The process generally takes around 15 days for obtaining the IEC code.

Same documents for Sole Proprietorship. Even if you do not need an import license you must fill out CBP entry forms within 15 calendar days of the date that your shipment arrives at a US. So after the Business Registration you have to apply for the IEC Code.

A current account with a Bank authorized to deal in Foreign Exchange should be opened. Its best to open a business bank account or at least a separate bank account to manage your export business. Apply online for IEC Importer Exporter Code with DGFT and pay fee of Rs.

Contact the local port of entry youll use to import your goods for import requirements and other information about the process. No person shall make any import or export except under an IEC Number granted by the DGFT. Register your business.

IEC code helps a person make import and export. An individual or a business entity needs a 10 digit code to import or export products or services.

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