Import Export Licence Consultants in Chennai

Hire a chartered accountant for a smooth IEC registration in Chennai

There are many areas of work that a chartered accountant will cover. One of such crucial area is IEC code registration. A chartered accountant in Chennai takes care of all aspects that involve the finance of your company. Without getting the registration done, you will not be able to do import and export as a company. Being a crucial part of your business, let a professional help you with the registration.

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IEC Code or Import Export Code

IEC is also known as Import Export Code. It is issued by the DGFT or Director General of Foreign Trade which is under the Department of Commerce of Government of India. Without this code, no business can import or export.

When applying for the IEC code, there are certain regulations that you need to follow. They are laid down by the Government of India and must be followed thoroughly. Before getting to the steps, here is the list of documents that you would require to complete the registration process.

Documents required are the following:

• Current Bank Account Details of the applicant
• Self-attested copy of the PAN or permanent account number card
• Banker’s Certificate, issued by the applicant’s bank detailing on credit
• Two copies of the passport size photograph of the applicant, it must be duly attested by the banker of the applicant
• Cover letter on the letterhead of the applicant’s company requesting the issuance of new IEC certification

Step-by-step guide for IEC registration

Once you have got all the documents ready, visit the DGFT or Director General of Foreign Trade website. Download the IEC application form. It is the ANF 2A form. In case you have doubts, consult a suitable chartered accountant to do it on your behalf.

Charges/Fees for application for IEC registration

In the case of the online application, scan the documents required and upload them. Along with that, pay Rs.250 online through net-banking or card banking.

If you want to submit offline, along with all the documents, get a demand draft ready for Rs. 250 and submit at the office.

These terms loosely indicate the combination of one or more companies. It can be seen as a consolidation process. The acquisition is the act when one company takes over another company. The process can be within sister companies, rivals or even completely unrelated stakeholders taking part.