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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