IEC Code Registration
An Import Export Code (IEC) is a 10-digit code necessary for Indian import/export businesses. It's issued by the DGFT, Ministry of Commerce, and doesn't require filing or renewal. Importers need IEC to clear customs and make payments to foreign banks, while exporters need it to send shipments and receive payments.The IEC Number is essential for any importer/exporter operating in India.
Benefits of IEC Code
- The IEC registration helps traders including online e-commerce operators open the doors to venture into the global market
- Businesses can avail government schemes like the Merchandise Export from India Scheme (MEIS), the Service Export from India Scheme (SEIS), and others from customs and export promotion
- No compliance requirements post registration and hence maintaining the business is relatively simple.
- he process of obtaining IEC Code is not tedious and can be obtained with minimal, basic documents.
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Situations Where IEC Code Is Required
You can use the IEC code in the following scenarios :
- When a shipment needs to be cleared by customs, the customs authorities require it from the importer
- When an importer transfers money overseas using banks, the bank requires it
- When an exporter has to dispatch their shipments, the customs port requires it
- When an exporter directly receives foreign currency into their bank account, the bank mandates it.
Documents Required for Import Export Code Registration
The documents required for an IEC License registration are listed below.
- PAN card of the company (not applicable in case of the proprietor)
- Applicant’s PAN and Aadhaar card (driving license/Aadhaar/voter ID)
- Incorporation certificate/partnership deed
- Address proof (electricity bill/rent agreement/Sale Deed of the office location)
- Copy of cancelled cheque leaf/banker certificate of the current account in the name of the company.
Why Evolix for IEC Code?
When it comes to IEC registration, partnering with Vakilsearch offers several advantages that streamline the process and enhance your experience:
Expertise in Legal Services:
Vakilsearch boasts a team of legal experts well-versed in the nuances of IEC registration. Their in-depth knowledge ensures accurate and efficient handling of your application.
Effortless Application Submission:
With Evolix, you can avoid the hassle of navigating complex paperwork and procedures. Their platform simplifies the application process, saving you time and effort.
Timely Processing:
Time is of the essence, especially in the business world. Evolix'd proficient handling ensures that your IEC registration is processed within a reasonable timeframe, helping you kickstart your import/export ventures swiftly.
Tailored Guidance:
Every business is unique, and Evolix recognizes this. Their experts provide personalized guidance that aligns with your business's specific requirements, ensuring that your IEC registration meets your needs.
Compliance Assurance:
Regulatory compliance is crucial for smooth business operations. Vakilsearch's attention to detail helps you achieve compliance with all the necessary regulations and guidelines related to IEC registration.
Customer Support:
Evolix customer support is readily available to address any queries you might have during the IEC registration process
Documents required for Trademark Registration
The following documents should be submitted for trademark registration in India
- Image of the trademark
- Power of Attorney(drafted by us)
- User affidavit ( only if prior user of trademark)
- TM-A form (drafted by us)
- Id Proof of the applicant along with Address.
Apart from the documents, to start online trademark registration in India, the following preliminary details must be provided:
- Applicant name: The name of the person, business, or organisation submitting an application to register a trademark
- Business Type: Indicate the kind of business organisation, such as a private limited company, partnership, MSME, startup or sole proprietorship
- Objectives of the Business: Give an overview of your company's nature of business and operations under the trademark
- Name of Brand/Logo/Slogan: Make sure to specify the name, logo, or slogan you plan to trademark
- Registration Address: Provide the official address of the organisation submitting the trademark application
What might cause a Trademark application to be rejected?
When is the best time for a business to Trademark its name and logo?
What is a trademark class?
Can I transfer my trademark to someone else?
