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Export Documentation and Process

This document outlines the key steps and documentation required to export goods from India. 1. An Importer-Exporter Code (IEC) number must be obtained from the Director General of Foreign Trade to act as an importer or exporter. This is a one-time licensing procedure. 2. An export company must be set up which involves choosing a company name, obtaining rental agreements, PAN numbers, partnership agreements if applicable, opening a current account, registering an Authorized Dealer code with customs, registering with central excise and sales tax departments, and obtaining a Registration-cum-Membership Certificate. 3. The type of business entity (proprietorship, partnership, or corporation) determines ownership structure and

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Latha Dona Venkatesan
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24 views

Export Documentation and Process

This document outlines the key steps and documentation required to export goods from India. 1. An Importer-Exporter Code (IEC) number must be obtained from the Director General of Foreign Trade to act as an importer or exporter. This is a one-time licensing procedure. 2. An export company must be set up which involves choosing a company name, obtaining rental agreements, PAN numbers, partnership agreements if applicable, opening a current account, registering an Authorized Dealer code with customs, registering with central excise and sales tax departments, and obtaining a Registration-cum-Membership Certificate. 3. The type of business entity (proprietorship, partnership, or corporation) determines ownership structure and

Uploaded by

Latha Dona Venkatesan
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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EXPORT DOCUMENTATION AND PROCESS

1.IEC number - is required to act as an importer or exporter.it is a one time


licensing procedure . DGFT(Director general of foreign trade) operationalises online
filing of IEC applications online processing and issue of e IECs in digital format .once
you obtain iec number u can export from any port.the transactions through any port
happens through an authrised dealer here it is a bank.each bank has an
AD( authrised dealer code)so u must get an letter from the bank through which u r
going to transact stating that u are having the current account in that bank and the
ad code of the bank should be mentioned in that letter and submit that letter to the
custom officials and register the ADcode with customs.
2. set up an export company 1. choose company name
2.Rental agreement
3.PAN number : if u r the only owner (sole proprietor) of business ur own pan card is
enough. is there are partners or if it is a pvt or public ltd company then pan carf for
company name should be obtained and u must also mention the directors ot
partners individual pan number in the application.
4.Partnership agreement : if he company has partners and also register this
agreement with the authorities to settle any disputes that may arise in future.
5.Current account opening in the name of your company
6.AD CODE registration with customs
7. Registration with central excise department
8.RCMC (registration cum membership certificate) registration : to get benefits from
government agencies. if u are a manufacturer of a particular product u need to
obtain rcmc certificate from that respective authorities.
9. Registration with sales tax : to claim sales tax benefits against exports.
To know :
proprietor : only one person owner
partnership : more than one person involved
corporation : the company is considered as a person and it is responsible for its
liabilities. there are no owners only share holders . they have limited liability . even
if the company fails the share holders personal properties are safe. the corporation
are governed by state laws.

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