The registration process for import export business

Good morning all of you Rajesh sang on this side son of a great parents husband of a superwoman starting my career from network marketing then turns into tiles business then turns into real estate business now a real estate businessman importer exporter Eco e-commerce businessman uh train 10 000 Plus student five thousand plus store professionals found bro Rajesh Enterprise welcome all of you so in this podcast you will learn registration for import export what is the process of registration right so burning problem is there key how to register for import export how to register for import export right import export code IEC code is a 10 digit unique code essential for import export business IEC is mandatory for customer custom clearance sending by the shipment and receiving payment from the foreign Banks you can apply for IEC at www.gov.in CP you will get IEC certificate in your email after successfully submitting the application form okay you do not need to upgrade update or renew IEC code iec's one-time investment right if you uh um made it then it will go for a lifetime okay if you run a business flow of garments handicrafts or spices you want to import your any raw material Machinery or any other products then you need to have a import export code right import export code is a 10 series you need to code essential for import export business this code is allotted by director general of foreign.com

the website of the Indian Ministry of Commerce IEC code is mandatory if you want to expand your business in the international market okay so important of IEC is first importance mandatory for international trading without IAC no import or export can happen for example you cannot go to a Country without a passport similarly without IEC and any company cannot sell its product to any other country right second a benefit custom clearance shipment and payment to from foreign Banks export needs IEC for custom clearance exactly sending the shipment and receiving the payment from foreign Banks export import scheme third benefit of government you can take advantage from the government custom and Export promotion scheme like merchandise export Indian scheme music short form is that and service export from Indian scheme seic only if you have IEC code right

sorry document required for IEC registration to obtain IEC certificate proper procedure documentation are required so that the government can ensure your identity as a Trader you need a following password right proprietary from in case of property from you can pan card of proprietor Peru passport voter card driving license aadhar card for identity proof for address proof you need electric stable telephone bill rent lease agreement in case of cell phone promise you need to sales did of address proof Bank certificate in prescribed format right cancel check it partnership firm if you have partnership firm you need to submit pan cardo for all the managing partners of the company residential proof like passport driving license aadhar card of all the managing Partners address group Live electricity bill telephone bill sales did in case of cell phone premises and if you are a private limited company in case of private limited company pan card of company all of its director residential proof of managing director address proof of head office and existing branch certificate of incorporation registered by Roc registration Registrar of company right Bank certificate as your prescribed format cancel check

so how to apply for IEC before registering LIC you need to verify your email ID Mobile number aadhar e-sign digital signature required for documents to apply IEC code you have to uh take following steps right open your website www.gov.in CP slash open the home page then uh come out to the registration process right so coming out to the registration Pro you can see a column in the right hand side of home page where you have to click for apply for IEC help FAQ tab after clicking on this tab you will get the list of help documents you can read this document in case of any confusion to apply for IEC you should click on the apply for IAC tab create an account after clicking the on the apply for IEC tab you can see the window with two options the first option is login the this is option for those who have already created their account the second option is register which you can use to create your account as you do in your other website right while registering you have to first fill all the details of the user or import exporters such as first name last name email ID Mobile number pin code district city state and so on right after that you have to fill a captcha you need to click on a checkbox below the captcha and then click on send OTP button right as soon as you receive the OTP entry to the space given to create the account right and become a registered user you will receive a password on your email thereafter you have to login in the website to with your email ID and password right now next process is change password after the first login you have to change your password using the password change password you have to login again and then apply for IEC start press application if you are applying fifth process is that

if you are applying for the first time you have to click on start fresh application button if you are already filled in some details then you can click on proceed with the existing application button now six point come out here fill all the sections there are six sections in the IC application first is general information in this section you will have to fill uh your basic detail from detail and Branch details second is details of proprietor partner director management and trustee third is Bank information in this section you have to fill your bank account such as account number account number holder name ifsc code Bank name and Branch name if you are a solo pattern proprietor then you write your name in the blank account holder name right if you are partnership or LLP Haram then you should write the name of firm Force have other details in this you can see three checkbox import export and others you have to provide a reason to apply for IEC after checking any of three uh three boxes right declaration you should read declaration and accept the terms and conditions by clicking on the given checkbox after that you have to fill the uh in the space and date then click save and next application summary here you can see all the field details in the document after checking the summary you have to check on sign button then you will not able to change anything on the document you will get two options for signing digitally aadhar e-sign or digital signature choose uh Best of You now coming out to seven point after signing you have to click on the proceed for payment you have to pay for 500 rupees here after the successful payment you will direct it to the zft website where you can see the payment receipt and can download it right receiving an IEC certificate you will receive your IEC certificate on your email ID you can also get the certificate from the daisy ft website by clicking on my IEC you will get the print certificate options click on the on it take it out the print of your IC certificate right things to do apply for IEC fill in the current of the information while applying for IEC you must ensure that whatever information

you are filling in about your business is correct right you can be punished for unlaw lawful or incomplete information Second Step prepare all the required document you must have all the required document you should make all your department ready before applying for IEC right now coming out to third step check application before final submission and payment before final submission and payment you should check that all the field information is correct there should be no spelling mistake you should all see all the sections very carefully once you submit your application then you cannot make change right validity of IEC once you get IEC you do not need to update and renew it and as it considered as permanent address of your business iecs for Lifetime until you decide to shut the yeah the business had surrendered the registration you do not need monthly or yearly feeling like GST and PF IEC is one-time investment okay when the IEC code is not required the IEC code is not required following are the certain circumstances where you can do not require for IEC certificate first is import export for personal use if you want to import export goods for personal use rather than the commercial or reselling purpose you do not need IEC right second is import export for the government is not required when the government Department are doing import or export third import export by Saturday pay certain charitable ngos so maximum plan of this podcast is gather all the document discussed in the video visit

www.dft.gov.in CP register create an account get password fill in all the sections given in the form get an IC certificate after completing the payment right so the key outcome of this video is to follow the procedure apply for IEC get the certificate and that's it so this is all podcast over here so thank you so much for listening so much carefully this is Rajesh saman son of great parents husband of Superwoman starting my career from network marketing then turns into real estate business now a real estate businessman e-commerce businessman exporter importer a trainer founder of resist Enterprises signing off so thank you so much for listening so much care and subscribing my channel uh name Brazil on YouTube and rajasthan1045 so thank you so much thank you