How to Setup a Business in India With Import-Export License

1. Choose your products.
2. Decide your company name, if you have not registered a firm as yet.
3. Register your firm, if it’s not already registered.
4. Apply online for IEC – Importer Exporter Code with DGFT, and pay fee of Rs.

What are the formalities to get import export license?

Documents required for IEC (Import Export Code) Registration

• Individual’s or Firm’s or Company’s copy of PAN Card.
• Individual’s voter id or Aadhar card or passport copy.
• Individual’s or company’s or firm’s cancel cheque copies of current bank accounts.
• Copy of Rent Agreement or Electricity Bill Copy of the premise.

Can we export without IEC code?

An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted.

How to get an import and export license in India?

IEC is better known in India simply as an import / export license and must for all commercial foreign trade related transactions, and is easy to apply for and get from the Zonal or Regional office of DGFT which has jurisdiction over your location of business.

What do I need to get trade license in Bangalore?

The Documents required for the trade license are as follows: Trade Premises Layout Plan: area one will be using the trade showing details of location, approach, and distance from public sewerage, lavatories, urinals located in the vicinity. The municipality property tax paid receipt.

Do you need importer code to import from India?

An Importer Exporter Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC. For services exports however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.

What is import export code ( IEC ) in India?

What is Import Export Code (IEC)? An Importer Exporter Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC.