Importance of IEC Code for Exporting Tea

Tea is one of the essential agricultural products produced in India. Most importantly, the majority of the world's finest tea leaves are nurtured and grown in India. 

Thus, the cultivation, trading, and exports of tea lead to an organized industry in the country. Based on the worldwide business, the Indian tea industry generates enormous profit for the Govt. every year. 

The Govt. of India made many efforts to promote tea. The Tea Board of India is the Governmental body working in all areas of the value chain, right from cultivation to end-user consumption of tea in India.

As the tea exporting from the country to the Foreign Marketplace is one of the essential businesses for many Indian tea suppliers, it is important to be aware of the legal procedure to function such trading.

Required License:

Before starting any Export or Import business for any product, suppose here, as we are discussing tea, it is mandatory to register an Import Export Code or IEC. It is a ten-digit code with lifetime validity and is issued by DGFT (Director General of Foreign Trade)

Along with the IEC code, a business entity planning for function an import-export business of agricultural products in the foreign market is required to obtain an APEDA license and GST Registration under the Taxation Department of the Indian Govt. 

How to Begin with a Tea Export Business in India

To begin a Tea Export business on the Foreign soil, an Indian business individual is required to furnish the followings:

1. Company PAN Card 
2. GST certificate
3. Bank Details
4. IEC Code
5. Exporters' License from Tea Board of India
6. APEDA License

Benefits of having IEC Code

By registering an Import Export Code, a business entity or individual will be benefited in the following ways:

1. Gateway to the Foreign Marketplace
2. Expansion of Business
3. Custom's duty exemption
4. No Filling of regular Tax Returns
5. Easy Business Processing
6. No need for renewal, Lifetime Validity

How to get IEC Online at your Fingertips

If you are a Tea Exporter in India, it is mandatory to obtain an Import Export Code. Instead of wasting your time and money by standing in a long queue, why you should not register your IEC online?

Be in touch with the country's own business solution platform Online Legal India™, where India's recommendable legal experts and business advisors will provide you the needed assistance to get a registered Import Export Code at the quickest of all, at an unbeatable price. 

Besides the IEC registration, you will be guided in a professional manner to get other essential business appliances like APEDA Licensing, GST Registration, Company Registration, Trademark Registration, etc. 

How team Online Legal India™ can assist in your tea export business? Let us know in the Comment box below.