What Is The Process For Online IEC Registration?


When you decide to do a business that involves importing goods you must have an IEC code to make such deals. This IEC code gives them an array of benefits under schemes like the SEIS and the MEIS. In this article,we will discuss about the process of how to apply for online IEC Registration in India. Let’s look at the documents that are required for the IEC Registration.

Prepare TheDocuments Required for IEC Registration

·         ID Proof
·         A copy that has been scanned of your PAN number, Aadhaar number, your voter ID, driving license or the passport.
·         Bank and bank account details.
·         Copy of a cheque that’s been cancelled by you and has your account details printed on it.
·         A copy of recent entry of bank account statement of the applicant.
·         A passport sized photo.
·         Your office ID along with proof of registered office.
·         A NOC or a no objection certificate from the owner of the property on which the exchange of goods will be commenced.
·         Apart from that, you will have to submit copies of the utility bills that are not older than 2 months from the time you had applied for IEC Registration application.
·         In case you yourself are the owner of the property, just submit a copy of the registry papers of your property.

What do you need to run an import-export business?

·         DSC - A digital signature of the two directors so they can digitally sign the documents.
·         IEC registration certificate with IEC number
·         Acknowledgment notification slip with the details of payment.

What is the process of IEC Registration?

1)                The first basic step is the preparation of the application for IEC Registration. This process will take about an hour or so. While you can prepare the application yourself, you could also take help of professionals from agencies to help you get the registration done faster and without a hassle.The professional may ask you for the copies of all the required documents that they will list out for you to get.
2)                The second step is the filing of the IEC Registration application that we previously prepared. The process here will take about two to three working days. The filing shall take place once you have gathered all the required documents which includes the copies of your identity proof, the address proof, few passport size photographs of the supposed directors or the proprietor or the partners involved and then the details of these individual's current accounts. Just in case, ifyou own a private limited company you will need to submit your memorandum of association and the articles of association also known in short as MOA and AOA along with the certificate of incorporation of their companies. However in case you have a partnership firm, then you will need to submit a partnership deed document copy which all the involved parties have as a rule. Now if you have an MSME Registration application certificate then you just have to submit a copy of that certificate along with the copy of company’s letterhead. All these different documents will be required based on the type of organization that is applying for IEC Registration.
3)                Your IEC Registration application has to be filed via an Aayat Niryaat form no. 2A – ANF 2A format. You must file this to the authority of your region of the foreign trading in the regional registered office.
4)                Within the next three to five working days, your IEC code number will get ready. And it shall be granted to you after there has been a satisfactory examination of your submissions.

All these steps will help you to get your IEC Registration done without facing any issues. If in case if you hire a professional at your end to sort out the issues and apply for this registration on behalf of you then contact Swarit Advisors immediately either through the phone call or by dropping us an email. We will shortly revert you back as soon as possible.

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