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Documents Required for IEC Code

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  Different documents are required by different entities to get IEC code and these are give below. 1. Proprietorship Digital photo (3x3 cms) of Proprietor, PAN card, ID proof (Passport/Voter ID/Driving Licence/Aadhar), address proof (Sale deed/Rental agreement/utility bill), and Bank Certificate as per ANF 2A(I)/Cancelled Cheque. 2. Partnership Firm Digital photo (3x3 cms) of Managing Partner, entity PAN card, Partner’s ID proof, Partnership Deed, address proof, and Bank Certificate/Cancelled Cheque. 3. LLP/Private Limited/Section 8 Company Digital photo (3x3 cms) of Partner/Director, entity PAN card, Partner/Director’s ID proof, Incorporation Certificate, address proof, and Bank Certificate/Cancelled Cheque. 4. Society/Trust Digital photo of Secretary/CEO, entity PAN card, ID proof, Registration Certificate/Trust Deed, address proof, and Bank Certificate/Cancelled Cheque. 5. HUF Digital photo (3x3 cms) of Karta, PAN card, Karta’s ID proof, address proof, and Bank Certificate/Can...

Benefits of Import Export Code?

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  The Importer Exporter Code (IEC) is an indispensable tool for businesses aiming to engage in international trade. Here’s an in-depth look at the benefits of having an IEC: 1. Expansion of Business Global Market Access: With an IEC, businesses can expand their operations to international markets, significantly increasing their potential customer base and revenue opportunities. New Opportunities: International markets offer various opportunities for business growth. Companies can explore new product lines, cater to diverse customer needs, and establish partnerships with global players. 2. No Return Filing Simplified Compliance: IEC does not require the holder to file periodic returns. This makes compliance straightforward and less time-consuming, allowing businesses to focus on their core activities. One-Time Registration: The IEC is issued for the lifetime of the entity, eliminating the need for renewal. 3. Government Benefits Export Promotion Schemes: The Indian government offe...

List of Restricted Goods in India as per IEC

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Certain goods are classified as restricted for import and export in India under the Importer Exporter Code (IEC) regulations. These goods require specific permissions or licenses from the relevant authorities before they can be imported or exported. Here is a detailed list of some of the restricted goods along with the corresponding licensing authorities: 1. Agricultural Products Seeds: Certain seeds require permission from the Ministry of Agriculture. Pesticides and Insecticides: Import and export are restricted and require approval from the Central Insecticides Board and Registration Committee. 2. Animal and Animal Products Live Animals: Import/export of live animals requires clearance from the Animal Quarantine and Certification Services. Meat and Meat Products: Restricted and require a sanitary permit from the Export Inspection Council. 3. Chemicals and Allied Products Toxic Chemicals: Import/export of toxic chemicals is regulated and requires permission from the Ministry of Envir...

Process of import export registration

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    An import export certificate is an official document issued by the government, authorizing businesses to engage in international trade. It serves as proof that your business complies with the rules and regulations of both the domestic and international markets. Process of Import Export Registration Visit the Official Portal The first step is to visit the government’s official website for import export registration online . This is where you can apply for your import export license . Fill in the Application Form Provide necessary details about your business, such as the company name, type of business, and contact information. Make sure all information is accurate to avoid delays. Submit Required Documents To complete the import export registration , you will need to submit documents like business registration proof, identity proof, and address proof. Pay the Registration Fee Once the form is filled and documents are uploaded, pay the registration fee online. The fee varie...