At present if a business wants to go international there is a requirement to follow different laws and procedures and obtain different license or registration.
IEC license is one of such buzz word whenever you think of import or export from India.
IEC (Import Export Code) is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India and required by every person who want to export or import.
Person exporting or importing goods for personal use and not for activities related to business.
Features of IEC:
|S.N.||Documents||For Proprietorship||For Partnership||For Private Ltd./ Public Ltd.|
|1.||PAN Card||Personal PAN Card||Partnership PAN Card||Company’s PAN|
|2.||List of Partners/ Directors||Residential address, Pin Code, Phone Number, Father’s Name, ID Proof and PAN||List of Partners with Residential Address, Pin Code, Phone Number on letter head, ID Proof and PAN||List of Directors with, Residential Address, Pin Code, Phone Number on letter head, ID Proof and PAN|
|3.||Memorandum and Articles of Association||N.A.||Partnership Deed-duly notarized, copy duly self certified.||MOA|
|4.||Bank Current Account||Any National / International Bank|
|5.||Bank Certificate||As per Appendix attached|
|6.||Photographs (Passport Size)||4 Nos.||Every Partner– (4 Nos.) with mobile number||Every Director– (4 Nos.) with mobile number|
|7.||Phone and E-mail||Applicable|
|8.||Type of Exporter||Merchant/Manufacturer/Service/Other/Merchant cum Manufacturer (if manufacturer, SSI(MSME)/IEM/Ind. License)|