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Import Export Registration in Pune

Every business wants to grow beyond the limits of the domestic market, in this age of cut-throat competition. Doing business globally is not anyone’s and everyone’s cup of tea, but if you have decided to take your business on a global level, then you can do so. Before that, you will have to follow certain procedures and laws to get different registration and license. 
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Required Documents

  • Pan Card of (Individual /Firm / Company)
  • Proprietor / Partners / Directors Passport size photo
  • Shop Act
  • Cancel Cheque (Name Printed by Bank)
  • Aadhar Card, Voter ID, Driving License (All Directors/ Partners)
  • Pan Card (All Directors/ Partners)
  • Din No (If Company)
  • Certificate of Incorporation (If Company)
  • Digital Signature (Proprietor/Any One Partner/ Any One Director)
  • Nature of Business in Detail (Manufacturer/Merchant/Service Provider)

Steps for Import Export Registration in Pune

1
Step 1
Provide the basic information
Step 1
2
Step 2
Submit the scanned documents
Step 2
3
Step 3
Documents Verification
Step 3
4
Step 4
Application is filed
Step 4
5
Step 5
IE; Import Export Code Allotted
Step 5
6
Step 6

Import Export Registration in Pune

IEC i.e. Import-Export Code is one of the prerequisites. It is issued by DGFT (Director General of Foreign Trade). IEC is a 10-digit number which has a validity of lifetime i.e. there is no need to renew it. It can be issued either in your name or your company’s name. No person/entity can make any import/export without IEC.

When IEC is required:

Importer: For the shipments and related transactions with customs, to send the money across nation to have Import Code is mandatory. 

Exporter: For the shipments and related transactions delivery and packaging of good to be exported, to receive money from outside the India in foreign currency IEC is mandatory to be submitted in Bank

Benefits under IEC:

  • Online Procedure: Registration process of IEC is online process and there is no need of any physical documentation, simplified procedure.
  • Validity: Import-Export Certificate has lifetime validity and renewal is not required. Import-Export Code has no expiry date. 
  • Import-Export license has nation wide acceptance.
  • Import-Export license is Pan based license thus an individual can apply for it, it not mandatory to have business or registered business/firm.
  • After the Import-Export Registration, No Returns are filed, there are no tax compliances

Frequently Asked Questions

  1. Is there a separate code for Import and Export?
    • No, there is no separate application for Import and Export. 
    • Same IEC is used for Import and Export
  2. What is the validity of IEC?
    • IEC is permanent and valid for lifetime, no need to renew license.
  3. Do I need to file returns after the IEC is issued?
    • No, after ICE registration no returns are filed and there are no further tax compliances to be filed.
  4. Does IEC certificate require renewal?
    • IEC certificate has lifetime validity and is permanent no renewal is required.
  5. Who is required to get IEC?
    • Any person who wants to expand his/her business beyond the national boundaries is required to register and IEC.
  6. Is IEC registration for Goods only?
    • It is considered that IEC is required for goods only, but IEC is required for both goods and services as well. Providing services across the nation is known as importing services, so IEC is required for such transactions. 
  7. I have registered under GST; do I need IEC?
    • Every business where Import and Export takes place need to get themselves register under IEC, also it is mandatory to register their PAN with DGFT even if you have registered under GST. 
  8. Do I get physical copy of IEC certificate?
    • IEC Certificate is issued digitally in digital format whereas it is digitally signed, you need to take printout of the IEC certificate.
  9. If you have any query?
    • Kindly contact us on (mobile no.) or (email Id)

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