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Online IEC Code Registration in Delhi
The IEC code registration in Delhi is a process of obtaining an unique identifier for all import export oriented businesses in Delhi. It is important to have all kinds of import export businesses. Let it be a micro and small entities or big enterprises. As per the guidelines of DGFT exporters of goods and services are required to get an Import export registration in Delhi to commence their business. Having an IEC code in Delhi helps local brands to make their presence in the international trade market. Therefore
is an important aspect of import export oriented entities in New Delhi.
Grow My Vyapar Can help you get an import export code registration in Delhi or IEC certificate for your business in a quick and easy & hassle free way at lowest price possible.
IEC Code Registration in Delhi - An Overview
| Import export code Registration in Delhi | Details |
|---|---|
| Time taken to Register with DGFT for IEC code license in Delhi | 3- 4 business days |
| Documents Required for online IEC code registration in Delhi |
|
| Online IEC Code registration fees in Delhi | Rs 1,299 |
| How to apply for Import export code registration in Delhi |
|
| Mode of Application for Import export code license in Delhi | Online Application |
| Renewal of IEC code Registration in Delhi | Annually |
What is the purpose of acquiring Import export code In Delhi?
IEC code in Delhi is an obligatory requirement for all the import export business in Delhi irrespective of entities size and turnover. Getting an IEC Code in Delhi also helps businesses getting a valid registration cum membership certificate (RCMC) for their respective export promotion council & other boards in India such as APEDA registration or FSSAI registration.
Few of the following board and registration that require IEC code certificate for import and export
| Particulars | IEC code required for |
|---|---|
| IEC code registration |
|
Having an IEC code can help your business getting these various certificates & membership to expand your global exports.
Documents Required For IEC Code Registration Online
These are the following documents required to obtain an online import export code to commence export business in India. The documents are more or less same for private limited companies and proprietorship or an partnership firm or in case of LLP
- PAN of entity
- Applicants entity’s address proof such as utility bills
- Certification number of registered business
- Passport size pic of applicant
- Bank details of business entity
- Canceled cheque also required
- Applicants identity proof such as Aadhar card
Fees For IEC Code Registration in Delhi
The Fees for IEC Code Registration in Delhi including government fee is ₹ 1,299 only/-
Breakdown of Fee for IE Code in New Delhi
| Particulars | Fee for IE Code in New Delhi |
|---|---|
| Govt fee along with filling up with DGFT | ₹500 |
| Professional Charges for application | ₹799/- only |
| Total cost of registration | ₹1,299/- only |
Process of online IEC code Registration
The process of registration with DGFT for import export code can be classified into 4 steps. You can get your license in no time once the application is successfully filled with the director general of foreign trade.
Documentation:- Provide all the relevant documents and details in order to get your IEC code certificate with the DGFT. If the details given by applicants do not satisfy the criteria for registration then the application will be rejected by the DGFT.
Application:- Once all the relevant details and documents are provided, our exports will file for an IEC code registration online with DGFT and fill in all the details with relevant documents.
Verification of DGFT:- The provided details and documents will be cross verified by the licensing authorities in order to grant iec code certification to the import or export.
Issuance of IEC code:- Once the verification is done, the director general of foreign trade (DGFT) will issue the valid import export code for the respective applicants. The IEC code certificate can be used to commence import-export oriented business as well as to acquire membership of various export promotion councils in India.
Renewal of IEC code certificate in Delhi
The validity of IE Code in Delhi is up-to 1 year only and to be renewed each year
Benefits of IEC Code Registration
1. Global Market Access
An IEC code registration allows your business to access the international market. Without an IEC, your business would not be able to export or import goods to different countries. With an IEC registration , you can easily participate in international trade and expand your customer base.
2. Easy to Obtain
The IEC code registration is a straightforward process, and obtaining it is relatively easy. You can apply for an IEC code online, and the process usually takes around 3-4 working days. This means that you can start importing or exporting goods quickly without any unnecessary delays.
3. Exemption from GST
If you’re an exporter, you can claim GST exemption on the goods that you export. However, to do this, you need to have an IEC code registration. Without an IEC code, you’ll have to pay GST on the goods you export, which can be a significant expense for your business.
4. Increased Credibility
Obtaining an IEC code registration can increase your business’s credibility. It shows that your business is authorized to participate in international trade and has complied with all the necessary regulations and guidelines. This can give your business an edge over your competitors and attract more customers.
5. Access to Government Benefits
An IEC code registration can also provide your business with access to various government benefits and schemes. For example, the government provides various incentives to exporters, and to avail of these benefits, you need to have an IEC code registration.
6. Ease of Doing Business
The Indian government has been taking several steps to ease the process of doing business in the country. Obtaining an IEC code registration is one of these steps. By simplifying the process of obtaining an IEC code, the government is making it easier for businesses to participate in international trade and contribute to the country’s economic growth.
Key Takeaways :- Points to remember for IEC Code Registration
- IEC code registration in Delhi is valid for 1 year
- Renewal of IEC Code registration is due for each year
- Applicants must provide correct details to avoid rejection of application
- IEC code can help Import or export products in other countries
- IEC helps exporters in acquisition of registration cum membership certificate from various export promotion councils and controlling bodies of goods and services in India
Conclusion
Obtaining an IEC code registration in Delhi is important if you’re a business owner operating in import export goods & services. It provides your business with global market access, exemption from GST, increased credibility, access to government benefits, and ease of doing business. If you’re looking to expand your business internationally, obtaining an IEC code registration in Delhi is the first step toward thriving import-export business.
FAQs
The online iec code registration in Delhi is a process of getting an authorized identification from DGFT to commence import export business in india.
The fee for IEC code certificate is 1,299 only
Importer exporters of all kinds require IEC code registration in Delhi.
Yes, IEC code is mandatory to get FSSAI license for import in Delhi.
The iec code is valid for the period of 1 year only.