How To Apply Iec? Blog
HOW TO APPLY IEC?
International trading or global trading requires export import documentation, research and knowledge about the product and the market that is supposed to be targeted. There is a misconception about becoming an exporter, people feel if you trade nationally or internationally then you are an exporter but it doesn’t work that way. It’s a long procedure, which would want the interested party to learn and research about the product and the market. If you would look into the process of becoming an exporter from India, you may find that there is a very important step which is how to obtain IEC certification, because without that you won’t be an exporter. The following write will tell you that how you can apply import-export code certification to indulge in such type of practices.
It is the Director General of Foreign Trade (DGFT) who issues IEC certification to the potential export so that they can participate in global trading.
In the following write up, you are going to find the step by step process of obtaining import-export code certification from DGFT.
There are two ways through which this procedure can be completed:
To obtain IEC code there are many steps to complete this process if one would follow the perfect order in a significant way, these steps as follows:
You have to DGFT official website, the link is http://dgft.gov.in/
After reaching the official site, now you need to start looking for import-export online application form for import-export code.
Once you find the right link, you will be directed to a page that would want you to fill up the details accurately.
Now in order to generate your application token, you need to provide your phone number and email ID, on which the token credentials will be shared and can be also used for recovering the token details.
Once you submit your entire details accurately then you need press the button submit, after pressing the button, an electronic id will be generated in reference with our applications.
Next step would want you to upload the required documents as per the requirement, you need to make sure that the documents which are getting uploaded are authentic and accurate.
Now after the submission of documents, you are the last step where you need to pay the fees for generating the import-export license. Once the payment is completed the online process of IEC application is done.
If an applicant thinks that online would be a difficult option for him, therefore DGFT has given you another option through which you can apply IEC certification.
The first task of your offline procedure would be to find the form ANF-2A which is also known by the name of Aayat Niryat form.
Once you obtain the hard copy of the document then you need to fill up the mandatory details of the form. You need to paste a picture in the area mentioned in the form.
Signature is your unique identifier, therefore you need to make sure that you do signature when mentioned.
The entire process is based on your documentation, therefore it is essential for the applicant to attach all the required documents in the form and follow the instruction carefully.
The attached documents will also include the demand draft of Rs 250.00, which is known as the import-export licence fee.
Well, the last step would require to arrange all the mentioned documents and put in an order. After arranging all the documents and putting them inside an envelope, you are supposed to post it to nearest DGFT office.
What are the changes in the IEC code after the implementation of GST
What are the changes in the IEC code after the implementation of GST:
You may find some changes in the process of obtaining IEC certification after the implementation of GST, the following are the changes:
Initially, the IEC was of 10 digits but in order to make it easier for people to remember it, they have replaced with PAN no. therefore, now after GST, the pan number is your IEC.
But this change won’t affect the normal procedure of obtaining IEC certification. Hence if the applicant wants to obtain his/her IEC, they still would have to follow the same exact process.
Now for existing IEC certification holders, the DGFT will carry out the necessary steps for the immigration of their IEC code number to their respective PAN number.
We have already mentioned that it is very important for any exporter or importer to apply for IEC certification. Still in any case, if the readers or the audience want to learn more about the procedure of global trading or how to be a trader, they reach out to Connect2India, a one stop import export platform for further assistance.