Updated on August 14, 2024 11:30:23 AM
The import-export code is a registration code for import-export businesses that are registered with the Indian Customs Department and specialize in the import and export of commodities. The IE Code in Goa is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India.
To get the Import Export Code in Goa, apply to the Directorate General of Foreign Trade, along with the appropriate documents. Following application, the DGFT will issue the entity's IE Code within 15-20 working days. Once you have obtained an IE Code, it is valid for a lifetime and does not need to be renewed. The IEC Registration in Goa is valid till the date the business exists.
Once issued, the IE Code Registration can be used by the entity indefinitely and does not require renewal or filing like GST and PF registrations. As a result, it is suggested that most firms that import or export goods and services from India obtain an IE code. Most importers and merchants cannot import items without an IEC code, and exporters cannot profit from the DGFT Department's export scheme, among other things.
Thus, to get IEC registration in Goa, you can apply in the Aayat Niryat Form 2A format with the DGFT's regional authority. This form can only be submitted through Professional Utilities. Professional Utilities, an online portal that has assisted thousands of consumers in obtaining IE codes in Goa. Our incorporation professionals will take you through the process to get an import-export code in Goa quickly and affordably.
IEC Certificate [Sample]
IEC Registration is an online process that provides the applicant with a unique ten-digit identification number that must be quoted by every importer and/or exporter in order to conduct export-import transactions.
The IEC code could be obtained by any individual or corporate entity acting as an exporter, importer, or both, regardless of size, yearly turnover, or profitability of the business. To get approval, the certified person or company must apply with the Directorate General of Foreign Trade (DGFT). Once awarded, the license is valid for life and does not need to be renewed.
While an IEC code allows you to operate import-export business in Goa, It comes with some additional benefits. Let’s take a look at how obtaining an IEC code will help your import export business :
The IEC code facilitates your overseas trade and legalizes your import and export business. It makes your trade across borders easy and legal.
EFT is a new service offered to exporters that allows them to pay the license fee online via the internet rather than visiting a bank to make the payment.
Before starting the import-export registration procedure in Goa, it's critical to understand the documents required to obtain an Import Export Code license online in India. corporations that receive an IEC may be single proprietorships, partnerships, LLPs, private and public limited corporations, trusts, HUFs, or societies.
You can register for the Importer Exporter code offline as well as online. The online registration process is effortless, and you don’t need to go anywhere. The process is carried out in 5 steps :
Directorate General of foreign Trade(DGFT) is an online government portal where you can register for the import export license in Goa. Your first step is to register on this portal.
The second step is the application phase where all your documents are arranged and prepared for application. Refer to the documents required for better understanding.
An importer/exporter is required to file an online application in ANF 2A(i) and submit the required documents for verification. You also need to pay the government fees to complete the application process.
Once your application is submitted, it is sent to DGFT for verification. In case there is wrong or incomplete information, Your license will be canceled. So, make sure you provide correct information.
Your IEC code will be issued after the approval by DGFT. In case of online application you will get e-IEC. Once approved by competent authority, you will be notified through email or SMS that your e-EIC is available on the DGFT website.
However, it is typically suggested for every individual or business that plans to engage in either the export or import of goods or both, to obtain an ICE license. Thus, there are various situations where IEC registration is mandatory. These are:
Register your import and export business with Professional Utilities to get your IEC Certificate . You get the free consultations and quick service at lowest Price with us.
Apply for IEC code NowImport Export License registration fees include the government fees and professional fees. It also includes the ANF 2A form and filling at DGFT. The fees break up are as follows
IEC Registration in Goa | Fees |
---|---|
Aayaat Niryaat Form 2A | NIL |
Filing at DGFT | NIL |
Government Fees | ₹500 |
Professional Fees | ₹999 |
Total – ₹1,499 only |
Note: The aforementioned Fees is exclusive of GST.
Unlike other government licenses, The Import Export Code was not required to be renewed and was valid for a lifetime. However, after the amendments in the Import Export code related provisions under chapter 1 and Chapter 2 of Foreign Trade Policy on 12th February 2021, the IEC code has now to be renewed every year
This amendment made the renewal of Import Export Code details mandatory for every IEC and e-EIC holder. Even if there are no updates in IEC, the same has to be confirmed online on the DGFT portal. Failing to do so may result in the deactivation of your Import Export code.
The complications in understanding the process and providing appropriate documents are very much hectic. There is a high chance of rejection of the application at each step of document uploading. There are different standards of Digital Signature certificates (DSC) that must be uploaded.
We at Professional Utilities understand completely. That’s why we come forward to help you avoid the hassle and get your Import Export Code done at the minimum price guaranteed. So that you can focus on what you do the best…..Your Business.
You can apply for IEC registration in just three simple steps with us.
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your IEC registered in 2 working days
Hence, it’s clear that every individual who wants to extend their company internationally must engage in export-import deals. The registration process has been simplified and made available online in order to simplify completion and compliance with required procedures. While applying for and receiving an IEC number can qualify an individual or organization for a range of government programs, failing to obtain one can result in large fines and penalties in Goa. However, it is always important to get advice from reputable experts with extensive professional experience in the subject, and you may start with us.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
You can apply for Import Export Code by following these steps
Documents required for Import Export Code registration are as follows :
There is no need to incorporate GST details in the IEC code registration.
Yes, Any individual proprietor who is willing to start international trade is eligible for obtaining the Import/Export Code.
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