Is You Eligible to Apply for An import and export license?


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Import export Code is required for online import export business. We help in new import export business opportunities & obtaining import and export license.


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Is You Eligible to Apply for An import and export license

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Import Export Code is the license required to import or export products or services from the country of India. In short it is required to do the online import export business of products and services in the country of India. how can i get export licence in India Now as we discussed earlier it is required for businesses to carry out their role of importing and exporting for the country of India. Hence as per the law it is required only for businesses. Let us understand what types of entities are classified as businesses in India. Now anybody importing or exporting a product or service for his personal use is not going to be classified under the entities doing business. Hence they are exempted from the rule of requiring an import export code license for importing or exporting their products or services from the country of India. Examples for this are individuals hospitals co-operative institutions etc. importing or exporting goods and services for their personal use. Hence if you are importing or exporting any product or service for personal use in or outside the country of India you need not possess an import export code. However if you are doing the same for commercial purposes you need to get a business entity registered first and then apply for the import export code. The main criteria for getting the import export code are to possess a current account from any bank in the country. Now to obtain a current account you have to provide documents proving that you are a business entity to the banks. Only then will they issue you a current account. Hence the DGFT has put the cancelled cheque of the current account as an important document proving the existence of the business entity. It also requires the business entity on whose name the IEC shall be issued to be printed on the cancelled cheque with the signature of the authorized signatory. Thus the entities who can obtain an import and export license after having a current account are individuals proprietorship and partnership firms companies registered with the registrar of companies under the companies act government organizations registered society/trust and Hindu undivided families businesses. Kindly get in touch with Venture Care to know about the documents required for each type of business entity in order to obtain the import export code in India. You can visit our website and get to know more about the service.

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Branch Office Netherlands Venture Care Jonker Fransstraat 46 3031 AV Rotterdam NL Phone:+31 614 575 275 Head Office India Venture Care Sr.No-29 Ajikyatara kalaniketan Dhankawadi Near Rajshri Shahu Bank Pune Maharashtra 411043 IN Phone: 020-65 3636 33 Contact Us:

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