Drafting process of IE code registration:
Drafting of Import and export license is a basic entrance for the business promotion in the superior level. Commerce ministry decides to make the tight and complex process for the IE code issuing. Product quality and features are taking as important part in this registration process. Product specification is recently taking as the paramount important in this process. Government agencies are giving lot of inputs with the complex tariff codes. This code is essential one for the products come with free import category.
Restrictions and covering conditions are given under the control of the government agencies. The chief considerations are directly handling through the Directorate General of Foreign Trade. The consolidation policies and norms can vary from the government agency to other government agency. Harmonized system of coding is following in the Indian Trade Clarification. This systematic approach is attracting the DGFT to follow the same.
Drafting process and norms for export:
Every product which is ready to importing to the foreign country must contain eight digits of the HS codes. It is the basic process following after the proper IE code registration. It easily let to know the norms and proceeding rules for the exporter. Policy conditions of the item will explain in the perfect manner. These consolidating norms are not allowing for any extra changes. According to the existing norms follow up is mandatory one. The updated policies are comes with the inclusion of policy conditions and other notifications. Notable public notices are issuing after January 2018. The latest drafting process has the non- Tariff regulations.
These non-tariff regulations are composing through the non-government agencies. There is a vital export section body functioning in the name of Federation of Indian Export Organisations (FIEO). They also contributing their norms in the making versatile norms for the import and export file. Exporters’ guidance’s are managing by this government. FIEO is the government body helps it for the improvisation in the section of import and export.
Drafting process with schedules:
The import and export drafting is following with the basic and the prescribed schedule of one and two. The schedule one deals with the importing norms and the schedule II deals with the exporting process. The agricultural products are securing the special place in the import and export. IE code license is the mandatory thing for the export process. This process increases the more number of people in the import and export business. To generate and increase the agricultural importers are huge in numbers. For this export purpose new branch office of IE code registration office is now sets in Trichy. It is the noticing 4th branch in Tamil Nadu.
The previous branches are placing in the places in Chennai, Coimbatore and Madurai. Providing the import and export code, updating the numbers are the core duty and responsibility of this branch office. The farmers and direct exporters of fresh vegetable importers are getting more benefit having the nearby office. DGFT is monitoring the functioning of these branches. The appointing duties of the branch offices includes with the essential duties.
Duties of the branch IE code office:
Fund exporting and promotion of the commission, Industry and trade association government and its agencies all are manage the IE Code registration office. Financial aid and meeting and its conducting expenses in the trade and marketing come in all perspectives. Economic zone analysis, Biotech information discounts on the rate of customs duty. The rice export is directly from the delta region to the foreign countries massively encouraging in Tamil Nadu. Indian institute of food processing technology concentrates on the fresh vegetable export. The latest trends and facilities for the food import is keenly discussed one.
Drafting process with debit and credit card:
The Import and export license are now apply and getting through the credit and debit card utility. Physical paper submission is following for the payment process. The required documents are uploading in the online portal to complete the process. Now, the fees payment procedure is completing through the net banking facility. Manual process is following side by side but the minimal level of entries is approaching the manual process. The cross checking of the uploading and the manual documents are important process in the obtaining of Import and export code.
Document verification process:
Real time message exchange is following the prescribed norms of Director General of Foreign Trade. The cross sections are inclusive one in the control of IE code license process. The online process of this registration completes within a single day without any complexity. IE code registration process now become the fast and reliable way. The essential department directly connecting with the business process are Ministry of Corporate Affairs, Verification from the PAN card and other essential details relating the residence and Income tax registration is also one of these processes coming under this category.
Drafting process of IE code with required documents:
The application form of IE code registration comes in the Aayaat Niryaat Form 2A (ANF 2A) it is the format following in all region authority of Directorate General of Foreign Trade (DGFT) in all over India. PAN card is the essential document required for this registration process. Both Personal PAN card and Company PAN card is taking into the account of IE code submission. The proof and the details of the directors in the company especially their permanent address with pin code is common one for all types of registration. Other minor details like phone number with the company letterhead are required process.
Memorandum of Association with partnership deed duly notarized is accepting as the main proof. To show the income tax relating details the banking sector offer their account detail. The current account with the national and international banks is acceptable in the IE code filing process. Photo copy, Appendix attachment from bank authorization, Business formation details are the common document required one.
Conclusion:
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