Registration norms and process for getting IE code:
“Registration of IE code is the simple process. The idea of expanding business needs to register this code”.
Registration of IE code is the simple process. The idea of expanding business needs to register this code. It is one of the basic processes following in the company registration. It is considering as the allied service. Do not let it is a major process for registration. Moreover, all are know that this number follows 10 digits.
However, this unique code is offering through Director General of Foreign Trade. Additionally, Ministry of Commerce is also sharing this responsibility. It is one of the important codes requiring for external trade. Obviously, it is comes without any renewal process. The time consumption and registration process on
Beyond, IE code registration following the simple steps. The documentation is requiring for the IE code registration comes in tiny numbers. Work completion and getting of IE code takes maximum time limit of ten days. If the application comes without error the applicant get it through mail. Let’s see what the basic procedures are following in IE code registration.
Registration process on IE code:
Subsequently, application of IE code registration form gettable in the register office. Head of office of a company, partnership concern, HUF all are approach this form. For their use they are guiding to apply in nearest reginal authority.
For instance,this authority must directly function under Directorate General of Foreign trade. Otherwise Aayaat Niryaat form ANF2A also using to filing IE code. For the business purpose only one IE code offering for business personnel.
Registration of legal documents for IE code:
Of course,PAN card is the primary proof necessary for IE code registration. As per norm with proof of PAN one IE code issuing from the government. If they partners require IE code in private limited Company, they also apply. The separate PAN is needed to submit for another IE code for business.
Likewise, If the business individual has two or more IE Code, they should surrender it. Form ANF2A is applicable for both new registration and modification. The IE Code form keenly comes with the details of name, designation and the photo of the applying individual. Bank certification is another essential proof in the IE code registration.
For more information Appendix a form is available. Through this form the applicant prove that he have the current account in any bank. Signing authority of the bank will approve it. It must have the bank stamp as an approval signal. It is common for all mode of company.
Registering Appendix-b form:
Appendix-b is one of the crucial forms in the IE code filing. It is keenly mentioning that the given details must be true. If any controversial and wrong information attaching in it, that would be a crime. Both the applicant and signing authority of the bank will be punishable.
Import and export business must run under the IE code number. If anyone fails to run the business they must surrender or cancel this certification. At the same time, if it is missing as per the legal request of the applicant, duplicate copy will be issue.
After the IE code registration, there is the chance for surrender the IE Code. On the condition that the applicant is does not wish to use this number. Then he allows summing up the reason for cancelling. After the consideration they will cancel the registration of IE code number.
US importing goods:
Suppose, a trader importing major goods or raw material, he requiring follow the norms of US Export Control Regulations. Such us suppliers need this IE code certification then only they allowing their trade in India. Product like electronic parts, defence relating and computer base item, small scale industry without proper covering all are taken.
Exporting and importing things for the foreign nations are not simple thing. Proper procedures will allow them for healthy treading. Some products are allowing use freely in some countries. On the other hand it may restrict from other nation. On such critical situation, Appendix 31- A form is useful one. It resolves these kinds of issues.
Validity period of the products:
Certain time of period allotting for import and export on valuable items. After getting the IE code number, they are immediately allowing for business purpose. Such categories are below mentioning here:
Advance authorisation or DFIA on gem and jewellery products – 24 months
Zero duty EPCG authority except spare parts – 9 months
3% EPCG products except spare parts – 36 months
These validity products are only for importing Indian products to foreign. Many of the legal procedure implement on this import and export business. Further details find the general provision of DGFT.
Registration legal procedure on IE code:
From PAN card to Current account verifications all are inevitable. All the proof only allow for registration of IE code. Other than basic proof like Aadhar card to driving licences all are applicable as same proof as new company registration. Many of them has common question why this registration is important? It is similar like entrance license.
To promote the worldwide business IEC registration is legal one. The legal goods of import and exports are vital one for a country’s economy. At the same time, individual business person also wide spread their business colour. On considering such benefits Filing an IE code is the best option. As simplify the burden, online IE Code registration also available.
Conclusion:
Hope this blog will resolve the modification, and registration of IE code relating process. Before applying the IE code filing, consult the expert people in the field. Lawyers, business consultants all are having upper hand in this field. Kindly approach them for complex issues. They will be well verse on such legal amendments on Filing of IE code. Never make too late in your business growth!!!
Note:
Solubilis is one of the best service providers functioning in Coimbatore for Company registration services. They offer the overall IE code registration not only in Coimbatore, but also other business areas like Tirupur, Chennai, Salem, Madurai, Trichy, Karur and Kanchipuram. Thanks for the expertise faculty who preaching the sound legalities following in IE code registration.