Registration of Exporters in India
Registration with Reserve Bank of India (RBI)
Prior to 1997, it was necessary for every first time exporter to obtain (Importer
Exporter Code) IEC number from Reserve Bank of India (RBI) before engaging in any
kind of export operations. But now this job is being done by DGFT.
Registration with Director General of Foreign Trade (DGFT)
For every first time exporter, it is necessary to get registered with the DGFT (Director
General of Foreign Trade), Ministry of Commerce, Government of India. DGFT provide
exporter a unique IEC Number which is Importer Exporter Code Number. No exporter
is allowed to export his good abroad without IEC number. Application for IEC number
can be submitted to the nearest regional authority of DGFT. Application form which
is known as "Aayaat Niryaat Form - ANF2A" must be filled by the aplicant and submitted
to the regional DGFT office.
While submitting an application form for IEC number, an applicant is required to
submit his PAN account number. Only one IEC is issued against a single PAN number.
Apart from PAN number, an applicant is also required to submit his Current Bank
Account number and Bankers Certificate.
An amount of application fee is Rs. 250.00/- in Demand Draft of any Bank or Payment
through EFT ( Electronic Fund Transfer by Nominated Bank by DGFT Like HDFC Bank,
ICICI Bank, State Bank of India, UTI Bank, Punjab National Bank, Central Bank etc)
or Application fee can deposited by TR6 Challan with Duplicate Copy in any branch
of Central Bank of India and TR6 Challan need to be submit along with IEC Code Application.
Bank Receipt (in duplicates)/Demand Draft for payment of the fee of Rs. 1,000/-.
Registration with Income Tax Authorities
Goods exported out of the country are eligible for exemption from both Value Added
Tax and Central Sales Tax. So, to get the benefit of tax exemption it is important
for an exporter to get registered with the Tax Authorities. Register With Export
Promotion Council
In order to enable you to obtain benefits/concession under the export-import policy,
you are required to register yourself with an appropriate export promotion agency
by obtaining registration-cum- membership certificate.
Registration With Sales Tax Authorities:
Goods which are to be shipped out of the country for export are eligible for exemption
from both Sales Tax and Central Sales Tax. For this purpose, you should get yourself
registered with the Sales Tax Authority of your state after following the procedure
prescribed under the Sales Tax Act applicable to your State.
|