Import Export Code
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Private Limited Registration in Hyderabad:
IEC code regsitration in Hyderbad – A ten-digit alphanumeric designation called the Import Export Code (IEC) is given to companies who import or export goods or services. Any business that does not have the Import and Export Code is not permitted to engage in importing or exporting activities. In India, tax officials like Customs and DGFT personnel utilise the IEC, which is given by the regional office of the Director General of Foreign Trade, or DGFT, to uniquely identify import and export enterprises. Additionally, the DGFT uses the IEC code to control the import and export operations of Indian enterprises and safeguard the viability of the Indian economy.
Benefits of Import Export Code Registration in Hyderabad
Expanding a business
IEC registration in Hyderbadhelp You to develop your company by leaps and bounds, which will assist you in reaching out to a broader worldwide market and expanding your business.
No filing of returns:
By signing up for Import Export Code, you will be exempt from filing any returns. You won’t need to follow any kind of procedure after receiving the code to guarantee that its validity is maintained. You won’t need to file your returns with the Director General of Foreign Trade, not even for export transactions.
There is no need to renew:
An import export code is valid as long as the entity is still in existence. So, those who own this code will never need to be concerned about renewing it.
Export incentives
The Indian government has a policy of exporting commodities rather than collecting taxes. All taxes paid while exporting the items can be reimbursed to the exporter. If the importer pledges to export the items within a certain amount of time, the government will even eliminate some import duties.
What are process for getting Import and export code in Hyderabad?
STEP 1
Application preparation To obtain a code, submit an application to the DGFT in the area where the company has its registered office in the Aayaat Niryaat Form 2A format. Also, the government has set up an online filing system for getting IEC CODE ONLINE
STEP 2
Preparation of the application The fundamental needs of ANF 2A are information on the company and its owners, directors, or partners, information about the bank account, and a bank certificate. ANF 2A must be provided along with all necessary IEC documentation. On the ANF2A form, a digital signature is required.
STEP 3
Paying a fee Once the application is finished, the DGFT should be notified, and the government must be paid an application fee. Your application can be returned for revision or amendment by the IEC department. You have 15 days to respond to the DGFT.
STEP 4
Code assurance in IE Your company will receive an IE Code from the Directorate General of Foreign Trade once the department has fully evaluated your application. Both a soft copy and a hard copy of this IE code are available. You can begin the import-export transaction after receiving the softcopy via email.
Benefits
How to Register?
Company registration in India benefits startups since it offers them an advantage over those who have not registered. The process of registering your company is complex and involves many compliances. However, you needn’t worry as long as you have Vakilsearch as our professionals can help you with every step of the private limited company registration process.
Step 1: Obtain DSC
Step 2: Apply for the DIN
Step 3: Application for the name availability
Step 4: Submission of MoA and AoA to register a private limited company
Step 5: Apply for the PAN and TAN of the company
Step 6: RoC issues a certificate of incorporation with a PAN and TAN
Documents Required for Import and Export Code Registration in Hyderabad
- Card PAN
- A bank statement or a cancelled check
- Proof of address
- Digital picture
- Aadhar card copy or another form of identification
- The most recent electricity/telephone bill, the rental/lease agreement, or the sale deed if the business location is self-owned.
- Copies of partnership agreements (in case of a partnership)
- A declaration of incorporation (in case of a private limited company, LLP )
- Copies of the Trust Deed and the Society’s Registration Certificate ( in case of a trust )
Why Does Your Business Need an Import Export Code in Hyderabad?
Import Export Code Registration in Hyderbad – The Foreign Trade (Development & Regulation) Act of 1992 states that no individual or company may import or export anything without first obtaining an IEC. These numbers are given to registered business owners by the DGFT. So, this is a requirement for every business wishing to sell in a foreign country. Companies must include this number on their shipments since the import-export code is used by port authorities, domestic organisations, the customs office, and other courier services to process applications.
This code aids in determining a business owner’s identification and validity. Even if you deliver little amounts of your company’s samples to a potential customer, it could still be considered a commercial shipping.The government and foreign trade organisations will require an authorised IEC because this entails an economic transaction that occurs through international ports.
Who Needs Import and export code in Hyderabad ?
Import and export code in Hyderbad – For everyone involved in operations like importing or exporting products and services from India, they must register for an import-export code, or IE code. Bangalore residents can easily obtain an IE code online by providing the necessary documentation. A valid IE number is required for all importers and exporters who want to bring in or send out products or services from India.
IE Codes in Bangalore may be either individuals or registered companies. IE codes are also referred to as export, import, or EXIM licences. Companies can profit from DGFT, Customs, and the Export Promotion Council on their exports and imports by registering for an IE code in Bangalore.
IEC registration fees in Hyderbad
The IEC Code procedure is carried out by many professionals to make it easier & time-saving process for you. IEC fees in Hyderbad may vary depends on agent. where as bizivalue charges a professional fee with affortable cost contact us for more details .
How to get Import and Export code in Hyderabad?
It is quite difficult to grasp the procedure and provide the necessary documentation. The likelihood of the application being rejected increases with each stage of the uploading of the documents. The digital signature certificates that must be uploaded adhere to various criteria. IEC consultant in Hyderbad has fully comprehend. That is why we stepped forward to assist you in avoiding the headache and registering your import export code at the lowest price assured.so that you may focus on running your business while letting us handle the legal formalities
Why Bizivalue ?
Registering a company offers many benefits. A registered company makes it genuine and increases the authenticity of your business.
– Shields from personal liability and protects from other risks and losses.
– Attracts more customers
– Procures bank credits and good investment from reliable investors with ease.
– Offers liability protection to protect your company’s assets
– Greater capital contribution and greater stability
– Increases the potential to grow big and expand
– You will also get Zero Balance Current Account
Complete Process
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Documents Required
Frequently Asked Questions
The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.
If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
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