FEMA Experts
Import & Export
Import & Export
IEC Code Registration
The Importer Exporter Code (IEC) is a mandatory business identification number required for any company or individual engaging in international trade in India. Issued by the Directorate General of Foreign Trade (DGFT), the IEC is essential for importing goods into the country or exporting goods and services.
Key Features of IEC Registration:
• Legal Requirement: No individual or business can engage in import or export without an IEC.
• One-Time Registration: The IEC is issued once and remains valid for a lifetime, with no renewal required.
• Easy Application Process: The entire process is online through the DGFT portal, requiring basic documentation such as PAN, proof of address, and a bank certificate.
• Enables Global Trade: IEC unlocks the opportunity to expand your business internationally.
• Customs and Banking Compliance: IEC is required to clear goods at customs and for receiving foreign currency in bank accounts.
• One-Time Registration: The IEC is issued once and remains valid for a lifetime, with no renewal required.
• Easy Application Process: The entire process is online through the DGFT portal, requiring basic documentation such as PAN, proof of address, and a bank certificate.
• Enables Global Trade: IEC unlocks the opportunity to expand your business internationally.
• Customs and Banking Compliance: IEC is required to clear goods at customs and for receiving foreign currency in bank accounts.
For a seamless IEC Code Registration process, ensure all details and documents are accurate to avoid delays.
Import & Export
Registration Cum Membership Certificate (RCMC) Registration
The Registration Cum Membership Certificate (RCMC) is a mandatory certificate issued by Export Promotion Councils (EPCs) or commodity boards in India for exporters. It serves as proof of membership with an EPC and is essential for availing benefits under India’s Foreign Trade Policy (FTP).
Key Features of RCMC Registration:
• Eligibility for Export Benefits: Enables exporters to access various incentives, subsidies, and schemes under the FTP.
• Issued by Relevant Authority: Exporters must register with the specific EPC or authority relevant to their product or service.
• Validity: Generally valid for 5 years, subject to renewal.
• Simplified Procedure: The process is straightforward and requires basic documentation such as the IEC, PAN, and proof of business activity.
• Issued by Relevant Authority: Exporters must register with the specific EPC or authority relevant to their product or service.
• Validity: Generally valid for 5 years, subject to renewal.
• Simplified Procedure: The process is straightforward and requires basic documentation such as the IEC, PAN, and proof of business activity.
RCMC is essential for businesses aiming to grow and benefit from India’s export promotion policies.
Import & Export
Certificate of Origin (COO)
A Certificate of Origin (COO) is an essential document used in international trade to certify that goods being exported are wholly obtained, manufactured, or processed in a particular country. It is issued by authorized organizations such as chambers of commerce or relevant government bodies.
Key Features of a Certificate of Origin:
• Trade Requirement: Required by customs authorities in the importing country to determine the origin of goods for tariff benefits or trade agreements.
• Preferential vs. Non-Preferential
• Preferential COO: Used to claim reduced tariffs under trade agreements (e.g., Free Trade Agreements).
• Non-Preferential COO: Certifies the origin but doesn’t provide tariff benefits.
• Mandatory for Compliance: Ensures adherence to international trade and customs regulations.
• Facilitates Smooth Transactions: Builds trust and transparency in cross-border trade.
• Preferential vs. Non-Preferential
• Preferential COO: Used to claim reduced tariffs under trade agreements (e.g., Free Trade Agreements).
• Non-Preferential COO: Certifies the origin but doesn’t provide tariff benefits.
• Mandatory for Compliance: Ensures adherence to international trade and customs regulations.
• Facilitates Smooth Transactions: Builds trust and transparency in cross-border trade.
A Certificate of Origin helps exporters and importers comply with regulations and benefit from trade agreements, enabling seamless global trade.
Import & Export
ICEGATE Registration
ICEGATE (Indian Customs Electronic Gateway) is the official e-commerce portal of the Central Board of Indirect Taxes and Customs (CBIC) that facilitates electronic filing of customs documents by importers, exporters, and trade partners. ICEGATE Registration is essential for businesses involved in import-export to access various e-services offered by Indian Customs.
Key Features of ICEGATE Registration:
• Simplified Compliance: Enables online filing of shipping bills, bill of entries, and other customs documents.
• Customs Clearance Tracking: Provides real-time status updates on shipments.
• E-Payment Services: Facilitates secure online payment of customs duties and taxes.
• Data Exchange: Seamless integration with banks, DGFT, and other trade-related platforms.
• Trade Efficiency: Reduces paperwork and processing time for faster customs clearance.
• Customs Clearance Tracking: Provides real-time status updates on shipments.
• E-Payment Services: Facilitates secure online payment of customs duties and taxes.
• Data Exchange: Seamless integration with banks, DGFT, and other trade-related platforms.
• Trade Efficiency: Reduces paperwork and processing time for faster customs clearance.
Registering on ICEGATE ensures smooth customs processes, enhances trade efficiency, and supports compliance with import-export regulations.
Import & Export
APEDA Registration
The Agricultural and Processed Food Products Export Development Authority (APEDA) registration is mandatory for businesses involved in the export of agricultural and processed food products from India. Established under the APEDA Act, 1985, this registration is crucial for exporters to avail government benefits and expand into global markets.
Key Features of APEDA Registration:
• Mandatory for Exporters: Required for exporting products such as fresh fruits, vegetables, meat, poultry, dairy, and processed foods.
• Access to Incentives: Enables exporters to avail financial assistance schemes and market development support.
• Global Recognition: Enhances credibility and trust in international markets.
• Training and Promotion: Offers training, guidelines, and assistance for product promotion in global markets.
• Ease of Registration: Simple online process with lifetime validity.
• Access to Incentives: Enables exporters to avail financial assistance schemes and market development support.
• Global Recognition: Enhances credibility and trust in international markets.
• Training and Promotion: Offers training, guidelines, and assistance for product promotion in global markets.
• Ease of Registration: Simple online process with lifetime validity.
APEDA registration empowers exporters with tools, resources, and opportunities to succeed in the international market while ensuring compliance with export regulations.
Import & Export
FSSAI Registration
FSSAI (Food Safety and Standards Authority of India) registration is mandatory for all businesses involved in the production, processing, storage, distribution, and export of food products. It ensures that food is safe for consumption and meets quality standards.
Key Features of FSSAI Registration:
• Legal Requirement: Essential for food-related businesses, including exporters, to operate legally.
• Ensures Food Safety: Certifies compliance with food safety and hygiene standards.
• Global Acceptance: Boosts credibility in international markets for food exports.
• Simple Process: Online application with basic documentation requirements.
• Consumer Trust: Enhances customer confidence and builds brand reputation.
• Ensures Food Safety: Certifies compliance with food safety and hygiene standards.
• Global Acceptance: Boosts credibility in international markets for food exports.
• Simple Process: Online application with basic documentation requirements.
• Consumer Trust: Enhances customer confidence and builds brand reputation.
Get FSSAI registration to ensure food quality compliance and unlock growth opportunities in domestic and global markets.
Import & Export
Export License Registration
An Export License is a mandatory authorization required for exporting goods that are classified as restricted or regulated by the Government of India. Issued by the Directorate General of Foreign Trade (DGFT), it ensures compliance with international trade laws and safeguards national interests.
Key Features of an Export License:
• Mandatory for Restricted Goods: Required for exporting items like defense equipment, hazardous chemicals, and specific agricultural products.
• Regulatory Compliance: Ensures adherence to export regulations and trade policies.
• DGFT Authorization: Issued based on the type of goods and their end-use.
• Supports Legal Trade: Facilitates seamless and lawful export operations.
• Regulatory Compliance: Ensures adherence to export regulations and trade policies.
• DGFT Authorization: Issued based on the type of goods and their end-use.
• Supports Legal Trade: Facilitates seamless and lawful export operations.
Ensure your business complies with trade regulations by obtaining the necessary Export License for restricted goods
Import & Export
Advance Authorization Scheme
The Advance Authorization Scheme allows exporters to import raw materials and inputs duty-free, provided these materials are used to manufacture goods for export. This scheme is governed by the Directorate General of Foreign Trade (DGFT) under India’s Foreign Trade Policy.
Key Features of Advance Authorization:
• Duty-Free Imports: Allows exemption from customs duty, IGST, and compensation cess on imported inputs.
• Export Obligation: Exporters must fulfil a minimum export obligation within a specified timeframe.
• Wide Applicability: Covers inputs like raw materials, components, and consumables used in production.
• Cost Reduction: Reduces manufacturing costs, enhancing global competitiveness.
• Eligibility: Available to manufacturers, merchant exporters tied to manufacturers, and service providers linked to export activities.
• Export Obligation: Exporters must fulfil a minimum export obligation within a specified timeframe.
• Wide Applicability: Covers inputs like raw materials, components, and consumables used in production.
• Cost Reduction: Reduces manufacturing costs, enhancing global competitiveness.
• Eligibility: Available to manufacturers, merchant exporters tied to manufacturers, and service providers linked to export activities.
Advance Authorization helps exporters lower production costs and meet international demand effectively.
