{"id":43912,"date":"2022-05-30T12:24:06","date_gmt":"2022-05-30T06:54:06","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=43912"},"modified":"2022-05-30T12:25:35","modified_gmt":"2022-05-30T06:55:35","slug":"export-license-india-paperwork-and-procedure","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/export-license-india-paperwork-and-procedure\/","title":{"rendered":"Export license India: Paperwork and Procedure"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Export license India refers to an Import\nExport Code granted by the Directorate General of Foreign Trade. It legalizes\nexporters to ship eligible commodities outside the country. IEC code is a\nten-digit unique code that helps customs authorities validates the given\nshipment and the exporters. IEC code is a mandatory document, among other\nessential documents for shipping products outside India. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/export-license-india-paperwork-and-procedure\/#What_is_IEC_code_aka_Export_License_India\" >What is IEC code, aka Export License India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/export-license-india-paperwork-and-procedure\/#Documents_required_to_apply_for_export_license_IndiaIEC_code\" >Documents required to apply for export license India\/IEC code<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/export-license-india-paperwork-and-procedure\/#Procedure_for_securing_IEC_registration_aka_Export_License_India_from_DGFT_Portal\" >Procedure for securing IEC registration aka Export License India from DGFT\nPortal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/export-license-india-paperwork-and-procedure\/#Cases_Where_IEC_registration_or_Export_license_in_India_is_not_mandatory\" >Cases Where IEC registration or Export license in India is not mandatory<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/export-license-india-paperwork-and-procedure\/#Benefits_of_IEC_Registration_or_Export_License_India\" >Benefits of IEC Registration or Export License India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/export-license-india-paperwork-and-procedure\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_IEC_code_aka_Export_License_India\"><\/span>What is IEC code, aka Export License India? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>IEC registration (commonly known as) Export License India is a ten digit unique code assigned to the exporter of qualified goods. <strong>DFGT<\/strong><sup><a href=\"https:\/\/www.dgft.gov.in\/CP\/\"><strong>[1]<\/strong><\/a><\/sup> is the apex regulator of the related shipping business and has the sole authority to grant such a registration against a prescribed application and standard fees. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_required_to_apply_for_export_license_IndiaIEC_code\"><\/span>Documents required to apply for export license India\/IEC code<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Business\nregistration<\/li><li>Owner&#8217;s\nidentity and business address proof<\/li><li>Premises\nrelated documents such as Sale deed, lease deed, NOC from owner in case of the\nrented property.<\/li><li>Bank\ncertificate<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_for_securing_IEC_registration_aka_Export_License_India_from_DGFT_Portal\"><\/span>Procedure for securing IEC registration aka Export License India from DGFT\nPortal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>Head over to the web portal of the DGFT <\/li><li>Create\nan account on the portal by completing the OTP verification process<\/li><\/ol>\n\n\n\n<p>Re-login <\/p>\n\n\n\n<ol><li>into the portal and select the option\ncalled IEC registration application<\/li><li>The\nportal shall open the e-form seeking applicants to fill out the following\nparticulars;<\/li><\/ol>\n\n\n\n<ul><li>Company\nname and address<\/li><li>Owner&#8217;s\ndetail<\/li><\/ul>\n\n\n\n<p>Partners\/Director details in case of a\ncompany <\/p>\n\n\n\n<ul><li>PAN\nof the company and the applicant<\/li><li>Contact\ndetail of the applicant<\/li><li>The incorporation\ndate of an entity<\/li><li>Current\nbank account details<\/li><li>DIN\n(Director Identification Number) for the company&#8217;s director(s)<\/li><\/ul>\n\n\n\n<ol><li>After filling above details, upload the\ndocuments mentioned above<\/li><li>Next, head over to the payment section\nfor fee submission<\/li><li>Provide confirmation to the checklist\ndisplayed within the e-form<\/li><li>Preview and print application<\/li><li>Submit\nthe application and Generate an IEC registration<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cases_Where_IEC_registration_or_Export_license_in_India_is_not_mandatory\"><\/span>Cases Where IEC registration or Export license in India is not mandatory<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per the recently released GOI&#8217;s\nnotification, the GST registered traders are not required to secure IEC\nregistration. In this case, the PAN of the trader shall act as a replacement\nfor the IEC registration. <\/p>\n\n\n\n<p>Further, IEC registration is no anymore a\nmandate for non-commercial export and import activities. Shipping transactions\nexecuted by GOI and Notified Charitable institutions also fit this condition.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_IEC_Registration_or_Export_License_India\"><\/span>Benefits of IEC Registration or Export License India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Ensure market expansion<\/em><\/strong><\/p>\n\n\n\n<p>The IEC registration enables businesses\nto un-tap the cross-border market and consequently reaps more profits.<\/p>\n\n\n\n<p><strong><em>Ensure access to government-based schemes\nand benefits<\/em><\/strong><\/p>\n\n\n\n<p>The Companies with the <a href=\"https:\/\/corpbiz.io\/iec-registration\"><strong>IEC registration<\/strong><\/a> have the leverage to access the government-based schemes that are growth-oriented. A non-profit institution like Export Promotion Council plays an anchor role in boosting the nation&#8217;s export through the empowerment of small exporters.<\/p>\n\n\n\n<p><strong><em>Easy Processing and lifelong validity<\/em><\/strong><\/p>\n\n\n\n<p>The import-export code comes with a\nlifelong validity, meaning there is no requirement of renewing it periodically,\nunlike other registration.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>IEC registration (commonly known as Export License India) is a fundamental legal consent for conducting import-export activities in India. DGFT grants it against a duly filled e-form and documents mentioned above. In case you seek some professional assistance for the same, then you can avail of Corpbiz services, where our experts shall deal with the licensing requirements on the client&#8217;s behalf.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our Article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/how-to-export-goods-from-india-to-overseas-markets\/\">How to Export Goods from India to Overseas Markets?\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Export license India refers to an Import Export Code granted by the Directorate General of Foreign Trade. It legalizes exporters to ship eligible commodities outside the country. IEC code is a ten-digit unique code that helps customs authorities validates the given shipment and the exporters. IEC code is a mandatory document, among other essential documents [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":43915,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[2387],"acf":{"service_id":"16"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":6512,"readingTime":2,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/43912"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=43912"}],"version-history":[{"count":11,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/43912\/revisions"}],"predecessor-version":[{"id":43924,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/43912\/revisions\/43924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/43915"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=43912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=43912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=43912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}