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What is an Import Export License?
An import-export code is a unique 10-digit code that is required for every import/export business owner in India. The IEC code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal. Importers require IEC Numbers to clear customs and shipment and to transfer money to foreign banks. Exporters require their IEC Code to send shipments and receive money from foreign banks. In short, importers/exporters can only operate in India with the IEC Number.
Import Export License registration:
To get your import export license registration in Lucknow, you must do the following simple IEC registration steps.
Step 1: All the required documents, including bank details and Digital Signature Certificate, have to be submitted
Step 2: The online IEC application form will be filed with the Directorate General of Foreign Trade (DGFT)
Step 3: Once the authorities verify the documents and application, the import-export code will be issued as a soft copy to the applicant or the entity.
Documents required for Import Export License registration:
The documents required for an Import Export License registration in Lucknow are listed below.
Eligibility to Get IEC Code
Any business registration: sole proprietorship, partnership, private limited companies, or charitable organizations dealing with the import and export of goods can register for import-export code, irrespective of the size. However, an IEC Number is not required for the import/export of goods for personal use, which is not connected with trade, manufacturing, or agriculture. There is no need for a business setup.
Benefits of Import Export license:
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