Export Registration IEC is a document issued by the Indian Government to Indian exporters, allowing them to export their product to foreign countries. The registration is done by the Directorate General of Foreign Trade (DGFT) and is valid for a period of 5 years. The IEC certificate is required for any business related to exports and imports.
This type of registration is issued to manufacturers and exporters who have their own manufacturing units. This registration allows them to export their own manufactured goods to any country.
This type of registration is issued to traders, importers, and other entities who don’t have their own manufacturing units. With this registration, they can export goods that are purchased from the domestic market.
The IEC registration eliminates the need for multiple documents and hence makes the process of import and export much simpler.
By obtaining an IEC registration, exporters can reduce the risk of non-payment by the buyer.
IEC registration makes it easier for exporters to transfer funds to the foreign country.
IEC registration can provide exporters with access to government incentives and schemes that are available only to registered exporters.
1. Obtaining the Digital Signature Certificate (DSC): The first step in the export registration process is to obtain the Digital Signature Certificate (DSC). This is a mandatory requirement and the certificate is issued by the Controller of Certifying Authorities (CCA) in India.
2. Getting the Application Form: Once you have obtained the DSC, you will need to download the application form from the DGFT website or you can get it from the Regional Authority of DGFT.
3. Filling the Application Form: The next step is to fill in the application form. You will need to provide some basic information such as name and address of the applicant, the nature of business, the types of goods being exported, and the countries to which the goods are being exported.
4. Submitting the Application: Once you have filled in the application form, you will need to submit it to the Regional Authority of DGFT. You will need to provide the necessary documents along with the application form.
5. Getting the IEC Code: Once the application is approved, the Regional Authority of DGFT will issue the IEC Code. This code is used to identify the exporter and is required for all export transactions
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