Legal Metrology department enacted import-export licenses and application processes making it a mandatory provision for weight & measure instruments and devices. The application processes comprise of manufacturing, import, marketing and repair of measuring instruments and related equipment. To import or export anything from India overseas you need to apply for an Importer Exporter Code. Generally, an Import Export Code is a 10-digit number granted by the Directorate General of Foreign Trade to any Indian company seeking to do international trade.
Application for IEC Import Export License
Import Export Code in India is also known as an export license which you can easily apply and obtain from the zonal or regional office of DGFT. DGFT office holds the power of issuing import-export code to the business registered in its jurisdiction which can be either filed through the online application or offline procedure.
The process to obtain Import-Export License
Select your goods: The Import Export Code is only mandatory for specific products defined by the legal metrology department. You can seek Import Export Code for additional categories, but you have to pay an additional fee for each category.
Decide your company name: Decide your company name and register the company as per company law. The company should ensure company names ending with Exports to do export-import businesses.
Registration of firm: To obtain import-export code it is essential for a company toregister your firm.
Apply online for Import Export Code: Apply forImporter Exporter Code with DGFT, and pay a fee of INR 250 through electronic money transfer.
EDC Registration- Register your export company with the nearest port either Airport or Seaport.
To import or export goods, you must obtain an import license from each country. Obtaining the Import license Process varies from product to product which is a challenging task. However, by hiring a business consultancy firm like the ASC group you can obtain import-export licenses smoothly and will save you time.
