Importer Exporter Code Registration In Bangalore
There are several benefits of IE Code registration in Bangalore here we have listed some of them.
Expanding the business
The IE Code in Bangalore helps in taking the services or the products offered by the registration holder to the market and even growing the businesses.
Availing Several Benefits
The Companies that have IE Code registration in Bangalore can avail several benefits of the imports or the exports from the DGFT, Export promotion council, customs, etc. on the registration.
The time used to obtain the IE code registration in Bangalore from the DGFT within a period of 10 to 15 days after applying. There isn't any need to provide any proof of the export or imports that are done for getting the IEC Code.
Once obtained the IE Code registration in Bangalore is effective for a lifetime and an entity requires no renewal. After that, it could be used by the entity for the transactions of export and import.
What is the procedure for obtaining the IE Code registration in Bangalore?
An application is to be made in this format - Aayat Niryaat Form ANF-2A and file it with the respective regional office of the Directorate General of Foreign Trade (DGFT).
It is necessary to submit the required documents concerning the identity and the legal entity and the address proof with the bank details and the certificate in respect of the ANF 2A.
Once the application is completed an application is to be made with the Directorate General of foreign trade using the Digital Signature Certificate of the applicant and also pay the required fee for IEC registration.
Finally, once the application approves the applicant receives the Import Export Code Registration In Bangalore in a soft copy from the government.
Cases where the Import Export Code is not required
- The latest circular by the government states that the Import Export Code in Bangalore is not mandatory for all the traders who are registered under the Goods and the Service Tax Act. In such cases, the PAN of the trader has to be used as the IEC while making any exports and imports.
- Import Export Code in Bangalore is not required to be taken in case the goods are exported or imported for personal purposes and not commercial purposes.
- The Imports and the exports are done by the government of India Department and the ministries, notified charitable institutions are not required to obtain the IE code registration.