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How can I get import export license in India?

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How can I get import export license in India?

Steps Involved in IEC (Import/Export Code) Registration

  1. Visit the DGFT website.
  2. Click on the ‘Services’ tab on the homepage.
  3. Select the ‘IEC Profile Management’ option from the drop-down list.
  4. A new page will open.
  5. Click on the ‘Register’ option.
  6. Enter the OTP and click on the ‘Register’ button.

How much does it cost to start an import export business in India?

These processes of setting up import export business in India involve around Rs. 65,000 to Rs. 70, 000 as an initial investment.

How can I become a registered importer in India?

Registration of importer is a pre-requisite for import of goods….Surrender of IEC No

  1. Bank Receipt (in duplicate) / Indian demand draft for payment of the fee of Rs.
  2. Two copies of passport size photographs of the applicant duly attested by the banker of the applicant.

What is the registration procedure for import export business?

Directorate General of Foreign Trade (DGFT). Get your license with the help of Swarit advisors within Import-export license Fees of Rs 2499 only. Step 1:- File an application form that is prepared in the prescribed format of Aayaat Niryaat Form no. 2A and submit the same to the Regional office of the DGFT.

What is the fees for IEC code?

As per the latest notification, IEC code Application fees is Rs 500/- which can be paid online through e-wallets/Net Banking/Credit or Debit Cards. Therefore the Government Fees or Official fees to get IEC Code in India is Rs. 500.

What is the cost of import & export license in India?

Rs 500
The government charges only Rs 500 for the application of import and export. You can make IEC on your own by going at DGFT website by paying the Rs 500 application fee. But the thing is you have to have at least “Class 2″ DSC for the completion of the IEC application.

Which product is imported most in India?

India main imports are: mineral fuels, oils and waxes and bituminous substances (27 percent of total imports); pearls, precious and semi-precious stones and jewelry (14 percent); electrical machinery and equipment (10 percent); nuclear reactors, boilers, machinery and mechanical appliances (8 percent); and organic …

How do I start an import export business from home?

How Do I Start an Import-Export Business From Home?

  1. Research and Choose Which Products You’re Going to Import and Export.
  2. Find a Reputable Supplier.
  3. Register Your Business and Obtain Required Import Licenses.
  4. Become a Registered Importer and Obtain a Customs Bond.
  5. Develop a Distribution Plan.

How much does export license cost in India?

Who can apply for IEC code?

No person or entity shall make any Import or Export without IEC Code Number, unless specifically exempted. 3 Who can get IEC? An individual or a company who wants to do international business can get an IEC. Individuals can use either the name of their company or their name directly to apply for IEC.

How much does IEC cost?

Rs 500/-
As per the latest notification, IEC code Application fees is Rs 500/- which can be paid online through e-wallets/Net Banking/Credit or Debit Cards. Therefore the Government Fees or Official fees to get IEC Code in India is Rs. 500.

How can I get IEC certificate?

Steps for IEC Registration Process:

  1. Step 1: Go to the DGFT Website.
  2. Step 2: Then You need to Go on Services tab.
  3. Step 3: Enter your PAN number (A Person/if any Company PAN Card)
  4. Step 4: Enter the your details (As Mentioned on PAN Card)
  5. Step 5: Enter your mobile number to get (OTP) verification process.

How to start an import export business in India?

To commence the Import Export business in India, firstly, obtain Company Incorporation or Company has to be established as per the procedure. GST registration helps you in getting your business recognized as a and also opens several opportunities for your business. So It is obligatory to get GST Registration for each business.

How to register a business in India?

Pan Card: You need to have a Pan card issued by the Income Tax Department for registration. Register Your Firm: You need to get your business registered first with the government of India.

Why choose private limited company for importer and export?

Maximum Big Importer and Export Choose the Private Limited Company because you can easily raise the Funds through the Investor by just allowed them Company Shares instead of Bank Loans or other funding option. Other great feature are the limited liablity in the business.

What is IEC (import export code)?

Import Export Code (IEC) – This IEC refers to the import-export license issued by the Government of India. A 10-digit code issued by the Director-General Of Foreign Trade (DGFT), Department of Commerce.