GSB Taxation

Global Solution Business

Import & Export license

Import and export are the two-component of international trade. Imports are the goods and services brought into one country from another country. Countries are most likely to import goods that are not produced in the domestic market as efficiently as in the exporting country. On the other hand, exports are the goods and services produced in one country and purchased by the people of another country. If goods are produced domestically and sold in a foreign country, it is an export. So, in simple words, the process of buying and selling of products and services in the international market are defined as import & export. Combined, they make up a country’s trade balance.

If you want to import and export anything to and from India then you need to apply for the import and export license. In India IEC (Import and Export Code) is mandatory before dealing in the import and export of goods. As passport is mandatory to travel abroad similarly IEC code is necessary for selling and buying of products outside the home country. IEC is a 10 digit number, granted by the Director-General of Foreign Trade (DGFT). India’s import and export policies are governed by Foreign Trade (Development and Regulation) of 1992 and Export and Import Policy (EXIM). You can also submit an online IEC application at dgft.gov.in with the required documents and fee of rupees Rs 250.

Import & Export license

Procedure for IEC license

Apply for online IEC application on the official website of DGFT through form no. AN42A.

Submit documents required for the IEC license.

Pay the online IEC application fee along with the form.

For offline submission, all the documents are required to be self-attested

A self-addressed envelope with Rs. 30 (Thirty Rupees Only)

Documents required for the Import & Export license.

Documents required for IEC license-:

ID proof 

Residential proof 

PAN card of the business entity

Photo ID: passport size

Authorization letter (in case of a partnership)

Copy of partnership deed

Bank certificate bearing applicant entity name

Electricity bills

Digital Signature certificate

Benefits of import and export license-:

The IEC license is necessary for the expansion of any business.

A person beholding import & export license can sell manufactured goods to the clients overseas.

With IEC license you have a legal right to import and export and participate in the international trade.

IEC is a permanent license which means that it is valid for a lifetime. You do not need to renewals.

Import & Export License

About Us-:

If you want to get an import & export license and expand your business overseas then gsbtaxation.com can help you to obtain IEC without a hassle. The process of getting an import & export is long and requires a lot of time and efforts. GSBtaxation will help you in all your requirements regarding the registration of IEC license in India. Our team will give solutions to all your queries regarding IEC and help you to take your decisions easily.

GSB taxation is the leading IEC code consultant in Delhi. We have an excellent team of professionals with years of experience. We offer our services at cost-effective prices that too with higher customer satisfaction. Our team has worked on numerous projects for our clients in India and abroad. We offer our services in online company registration, online government license, online society registration, online tax filing, and other business advisory services.

Leave a Reply

Your email address will not be published. Required fields are marked *