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Import Export

Import Export

Only Rs 4000/-

REQUIREMENT FOR IE LICENCE

HOW TO APPLY FOR IEC

TIME AND COST.

DOCUMENTS REQUIRED

TIME AND COST Import Export

TIME AND COST. Once the full document is received it will take 4-5 days to obtain the IEC Code. Cost:-
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  • Government Fee : 500/-
  • Digital Signature Certificate (DSC): 1500/-
  • Professional Fee (Inclusive of Taxes): 2000/-
  • TOTAL: 4000/-

REQUIREMENT FOR IEC LICENCE

Why IEC Required:-While the majority of the goods are freely importable, the Exim Policy (2007) of India prohibits import of certain categories of products as well as conditional import on certain items. In such a situation it becomes important for the importer to have an import license issued by the issuing authorities of the Government of India.

Import License Issuing AuthorityIn India, Import License is issued by the Director General of Foreign Trade. DGFT Delhi office is situated in Udyog Bhawan, New Delhi 110011.

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Validity of Import LicenseImport Licenses are valid for 24 months for capital goods and 18 months for raw materials components, consumable and spares, with the license term renewable.

Sample of Import License A typical sample of import license consists of two copies-

  1. Foreign Exchange Control Copy: To be utilized for effecting remittance to foreign seller or for opening letter of credit.
  2. Customs Copy: To be utilized for presenting to Customs authority enabling them to clear the goods. In the absence of custom copy, import will be declared as an unauthorized import, liable for confiscation and or penalty.

HOW TO APPLY FOR IEC

IEC code registration is a completely online process and can be done by anyone since it does not require any professional signature or attestation. However, IEC Code involves some technical discussion and hence, it is recommended that you should take the help of a professional so you don’t end up doing it wrong. Further, list of all the required documents must be kept in soft copy because they are required to be uploaded on the DGFT website. Also, the digital signature is mandatory in each of the case and hence it is advised to keep it handy.

DOCUMENTS REQUIRED

  • PAN Card
  • AADHAAR Card
  • Cancelled Cheque
  • Photo