IEC Registration for Electrical Appliances Export from India

Electrical Appliances are one of the most important parts of our daily life nowadays. Would you find anyone’s home with no electrical appliances? The answer is a straight, No!

Our world market is overwhelmed with these appliances, and if we go to the statistics, we can find out the leading exporters and importers of Electrical appliances in an instant.

The electronics industry is among the largest and fastest-growing manufacturing Industries in the world. Import Export Code is a 10 digit number and is issued by DGFT (Director General of Foreign Trade), the validity of the code is a lifetime.
According to IEEMA (Indian Electrical and Electronics Manufacturers' Association), the Indian Electronics industry has exported 35,267 Crore worth of electrical appliances in Financial Year 2016-17 and as the survey continues, the industry is expected to cross $100 billion by 2021-2022 as per the Indian Electrical Equipment Industry Plan releases by the Ministry of Heavy Industries and Public Enterprises.

How to Register Yourself as an Exporter?
 

To step a foot forward in the foreign market as an exporter, business personnel are required to obtain the following licenses:

• Company Registration: Registering the entity in the Ministry of Corporate Affairs (MCA) is essential to incorporate a business.
• Import Export Code: An Import Export Code or IEC is seen as the gateway for foreign business for any Indian business entity.
• GST Certificate: Every business organization in the country is mandated to register in the GST Taxation system.

Required Documents for registering an Export Business:

• 2 color photographs of the applicants
• PAN Card of the business personnel
• Govt. issued Identity Card of the business personnel
• Address proof of the business personnel

Why we should obtain an IEC Code

Registering an Import Export Code or IEC is the very first step to put a step forward in the Foreign marketplace. The benefits of an IEC Code for a business entity are likewise:

• Business expansion
• No requirement for renewal
• Simple processing
• No return filing 
• Exemption of the Customs Duty

How to get all these registrations?

Option-1
One can go for offline registrations for the company registration which takes a day and for approval have to wait for 2 days and then the certificate can be obtained after 7 days and then submission of scanned copies of documents need to be submitted and many other works with Pan registering which too takes 7 days is left which is a hectic procedure and one needs to have a lot of patience for the whole procedure.

Option-2
Apply for Import Export Code everything online with our Professionals who have served people from every part of India with 1,20,000 satisfied customers.
India’s most trusted leaders in Digital Business Solutions, Online Legal India™ provides you assistance to get your company registered under the Indian Govt. and enrolling your entity in the GST Taxation system as well. 

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