IEC Registration in Bihar

IEC Registration in Bihar

Import Export Code, also known as IEC, is a mandatory code for every trader involved in Import and Export business in India. An HP code is a ten-digit code accompanied by an IEC code that is issued by the Directorate General of Foreign Trade (DGFT) for importing goods to India or exporting products out of India. IEC registration in Bihar has been made easy and simple so that businesses can start their trading abroad business immediately. In the absence of this code, there are likely to be constraints and challenges through the ability of business organizations to transact internationally, limiting their expansion plans.

Who Needs IEC Code in Bihar?

The IEC Code is for several supply chain-man players operating in the international market. This includes:

• Businesses: This includes enterprises, among which some engage in buying and selling goods on international markets.
• Manufacturers: Those industries that want to import their products and/or export raw materials needed for production.
• Service Providers: Those organizations whose business dealings include the movement of people, goods or services across national borders
• Sole Proprietors: Individuals that operate their own accounts in international business and commerce.
• Startups: Fresh Start aims to be a rival in the global market.

What are the Documents Required for IEC Registration in Bihar?

To initiate the IEC registration process in Bihar, it’s important to gather the following documents:

1. PAN Card: Certified true copy of the business or individual's Permanent Account Number (PAN) card.
2. Business Proof: A business entity, for instance, a company will produce a form of legal recognition such as a Certificate of Incorporation while a partnership will provide a Partnership Deed. For sole trader businesses, a shop registration certificate might be all that is required.
3. Address Proof: Utility bills, any lease agreement, or any government-recognized business address proof.
4. Bank Details: Original cancelled cheque or copy of the bank statement that would include the details of the business and account holder’s name.
5. Photograph: In most cases, this includes a recent passport-sized photograph of the applicant, as is common when attaching photos for identification.
6. Application Form: A properly completed application for IEC registration, which is known as Form AAY, contains several business information.
7. Digital Signature: There are times, though, that a scanned copy of the signature of the applicant is needed, especially if it is done through the Internet.

Online Process of IEC Code Registration in Bihar

1. Gather Required Documents: Some documents should be in a digital form such that they should be easily retrievable once needed.
2. Visit the DGFT Website: It is recommended to go to the registration portal through the official website of the DGFT which is http://www.dgft.gov.in.
3. Create a Login: If you are visiting this site for the first time, you should first create a new account. When prompted enter the necessary information and come up with a password that it safe.
4. Fill out the Application Form: After signing in, search for and complete the IEC application form, also known as Form AAY. Make certain that all data are correct and conform to the papers you submit.
5. Upload Documents: You should upload the required documents in the proper format. Ensure they are clean and clearly printed so that they will not develop some problems when being processed.
6. Pay the Fee: The IEC registration fee can be paid using net banking through the Internet or through a credit or debit card. The fee is very small, which makes the process affordable for small-scale to large-scale businesses.
7. Submit the Application: Anytime you are sure that you have filled all necessary details, then you should submit your application. You should get a confirmation of receipt of your submission together with a reference number.
8. Receive IEC Code: After successfully completing the processing, the IEC Code will be emailed to the registered email within a few working days. This code it is possible to use for all import and export transactions.

Benefits of IEC Code Registration in Bihar

There are many benefits that business people and firms involved in export and import business enjoy once they secure an IEC code. Firstly, it helps to gain legal recognition through which the business imports and exports its products without any hurdles. An IEC Code helps companies unlock new markets, increase their access to markets and thus, their clients.

In addition, an IEC Code also helps to avoid customs formalities, making the export process free from major concerns during the process of importing and exporting at the port. It eases international movement and product reception. Companies with this code may also be in a position to enjoy other incentives that the government offers as much as they encourage exportation and improve their position in the international market. Furthermore, international electrical businesses need an IEC Code to get a job done in international banks, making it crucial for global business transactions.

Why Choose Kanakkupillai?

There are several obvious benefits for IEC registration in Bihar to choosing Kanakkupillai as your service provider. Our staff will guide you through the process; We know tricks that must not be done, which could slow the process down. You will be glad to know that time is closely estimated and we follow certain procedures to ensure that we issue your IEC Code as early as possible.