{"id":51467,"date":"2022-12-23T12:07:33","date_gmt":"2022-12-23T06:37:33","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=51467"},"modified":"2022-12-23T12:07:34","modified_gmt":"2022-12-23T06:37:34","slug":"import-export-code-registration-in-kothrud","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/import-export-code-registration-in-kothrud\/","title":{"rendered":"IEC Registration in Kothrud: Procedure and Paperwork"},"content":{"rendered":"\n<p>IEC stands for Import Export Code. It is a 10-digit unique\ncode assigned to the importers or exporters in India. Directorate General of\nForeign Trade grants IEC as per norms of Foreign Trade Policy. Being a\nmandatory shipping permit, securing IEC is an absolute necessity for those\nintending to start an EXIM business in India. Any registered firm, company, trust,\nHUF, and Indian citizen can apply for IEC registration. If you are looking for\nIEC registration in Kothrud, you have landed on the right page. Read on to\ndiscover the legalities around <strong><a class=\"text-primary\" href=\"https:\/\/corpbiz.io\/iec-registration\">IEC registration<\/a> <\/strong>and its paperwork.<\/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\/import-export-code-registration-in-kothrud\/#Why_Is_It_Essential_To_Secure_IEC_Registration_In_Kothrud\" >Why Is It Essential To\nSecure IEC Registration In Kothrud?<\/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\/import-export-code-registration-in-kothrud\/#Documents_Required_To_Apply_For_IEC_Registration_in_Kothrud\" >Documents Required To\nApply For IEC Registration in Kothrud<\/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\/import-export-code-registration-in-kothrud\/#Process_to_Secure_IEC_Registration_in_Kothrud\" >Process to Secure IEC Registration\nin Kothrud<\/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\/import-export-code-registration-in-kothrud\/#Key_Facts_about_the_IEC_Registration_in_Kothrud\" >Key Facts about the IEC Registration in Kothrud<\/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\/import-export-code-registration-in-kothrud\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Is_It_Essential_To_Secure_IEC_Registration_In_Kothrud\"><\/span><strong>Why Is It Essential To\nSecure IEC Registration In Kothrud? <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>IEC is a fundamental legal permit that helps exporters and\nimporters with; <\/p>\n\n\n\n<ul><li>Custom Clearance <\/li><li>Shipment inspection <\/li><li>Cross-border payment\u00a0 issues <\/li><li>Availing support from export promotion councils <\/li><li>Getting RCMC certificate <\/li><\/ul>\n\n\n\n<p><strong><em>Note: Exporter or importer must affix the IEC in primary\nshipping documents such as bill of lading, packing list, and so on. <\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_To_Apply_For_IEC_Registration_in_Kothrud\"><\/span><strong>Documents Required To\nApply For IEC Registration in Kothrud<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>While filing an application for IEC registration in Kothrud, the <strong>DGFT portal<\/strong><sup><a class=\"text-primary\" href=\"https:\/\/www.dgft.gov.in\/CP\/\"><strong>[1]<\/strong><\/a><\/sup> will prompt the applicant to upload the following documents:<\/p>\n\n\n\n<ul><li>Permanent Account Number\nof the firm <\/li><li>Tenancy proof of the\nbusiness premises <\/li><li>Business registration <\/li><li>Trade license or Shop\nand Establishment license, whichever is applicable<\/li><li>Digital Signature\ncertificate of the applicant <\/li><li>Cancelled cheque from\nthe current bank account <\/li><li>Applicant photographs <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_to_Secure_IEC_Registration_in_Kothrud\"><\/span><strong>Process to Secure IEC Registration\nin Kothrud <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Head to the DGFT portal<\/li><li>Create an account on the portal by clearing the\nauthentication process.<\/li><li>On the home page, navigate to the \u201cServices\u201d page and tap\non the \u2018IEC Profile Management\u2019 option.<\/li><li>Wait till the new window prompts on your screen. <\/li><li>On the new window, click the option&nbsp; \u2018Apply for IEC\u2019<\/li><li>Tap on the option called \u201cRegister.\u201d Filed in the relevant\ninformation and tap on the \u201cSend OTP\u201d button. <\/li><li>Enter the One Time Password and then hit the Register\nbutton. <\/li><li>After the OTP authentication, the portal will send the\nnotification enclosing the temporary passkey, which is alterable. <\/li><li>After successful registration, log in to the DGFT portal\nvia account credentials. <\/li><li>Tap on the option called \u201cApply for IEC.\u201d <\/li><li>Fill out the prescribed form (ANF 2A), upload the\nmandatory dossiers, pay the applicable fee, and tap on the Submit button.<\/li><li>Wait till the portal generates the IEC code and highlight\nthe same on your screen. You can download the certificate&#8217;s soft copy from the\nportal. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Facts_about_the_IEC_Registration_in_Kothrud\"><\/span><strong>Key Facts about the IEC Registration in Kothrud <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Every exporter must\naffix Import Export Code on the primary shipping documents, or else customs\nwill not approve the shipment.<\/li><li>The IEC certificate\ncomes with a validity of one year. Its timely renewal is vital to avert\nstringent late fines. <\/li><li>Import authorization for\nrestrictive items and IEC are two different things. The Import Export Code is\nmandatory for securing import authorization. <\/li><li>Benefits and value-added\nschemes offered by different Export promotion councils in India are unavailable\nto unregistered importers and exporters. The availability of the IEC\nregistration is a must for accessing these benefits.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>IEC registration in Kothrud legalizes cross-border trade and helps avert the hassle of time-consuming custom inspection. It also helps with the clearance of payment to be credited by the importer of another nation. The lack of IEC registration would restrain exporters or importers from conducting EXIM business in India. <\/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\/what-is-the-iec-registration-process-in-india\/\">What Is The IEC Registration Process In India?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IEC stands for Import Export Code. It is a 10-digit unique code assigned to the importers or exporters in India. Directorate General of Foreign Trade grants IEC as per norms of Foreign Trade Policy. Being a mandatory shipping permit, securing IEC is an absolute necessity for those intending to start an EXIM business in India. [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":51468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[2976],"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":2094,"readingTime":2,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/51467"}],"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=51467"}],"version-history":[{"count":2,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/51467\/revisions"}],"predecessor-version":[{"id":51470,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/51467\/revisions\/51470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/51468"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=51467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=51467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=51467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}