AD DEALS
Legal Services
AD Deals provides expert legal services for business licenses, compliance, and growth. Get tailored solutions and protection. Contact us today!
An Import and Export License is an imperative for any business in India engaged in the import and export of goods and services. Such businesses include: Manufacturers Any firm importing raw materials, parts, or components for producing goods and exporting the finished product to other countries. Traders/Wholesalers
Importers and exporters of bulk goods such as electronics, textiles, food products, pharmaceuticals, and chemicals need an import-export license to lawfully engage in cross-border trade.
E-commerce platforms:
The business of an e-commerce venture selling goods to other countries or importing products for sale will require the import-export license to satisfy Indian trade policies.
Service providers:
Companies offering services that involve crossing national borders, such as IT services, consulting, or business process outsourcing (BPO), may also require specific licenses depending on the nature of their services.
Importers of Restricted Goods:
Restricted goods, such as luxury items, hazardous materials, or restricted pharmaceuticals, require special import permits, which are usually acquired through the import-export license process.
Exporters of Restricted Goods:
Businesses that export restricted goods, such as antiques, wildlife products, or defense-related items, are required to follow additional regulations for export control.
Customs Brokers
Those who act as intermediaries to help businesses clear goods through customs also have to register for an Import and Export License.
At Ad Deals Legal Services, we specialize in the facilitation of the process of obtaining Import and Export Licenses for businesses. Here’s how we help:
Expert Consultation:
This all starts with understanding the nature of your business, including the type of goods or services you’re trading in, and the countries involved. Our expert legal team can guide you through the type of licenses needed and, in turn, help determine any specific permits or approvals required for your goods or services.
Document Preparation and Compliance:
We help prepare the necessary documents for a license application. This can be compiled into the following:
Registration documents of the business
TIN
Bank account details for foreign currency transactions
Documents related to customs
Product code and compliance certificates, if necessary
Online Registration Procedure:
We help you fill out the online application for the Import Export Code, which is given by the Directorate General of Foreign Trade, Ministry of Commerce and Industry. This code is essential for all businesses engaged in import or export activities.
Contact with Authorities:
We ensure all communication relating to the matter is done with the appropriate authorities, such as the DGFT, the Customs Department, and the Ministry of Commerce, for a fast and hassle-free application process.
Import and Export Compliance Assistance:
Once we have received the license, we help ensure compliance under all the Indian trade regulations and statutes, including the customs duty, export ban, and other government directions.
Renewals and Revisions:
We also handle license renewals and updates so that your business remains in compliance with all regulatory changes or re-registrations as may be required.
Generally, the IEC license takes 5-7 working days if all the required documents are submitted properly and there are no discrepancies. However, in some cases, more time may be required, depending on the complexity of the business or the type of goods being imported or exported. The processing time will depend on the following factors:
Some products and services may need special permissions or approvals, which the processing may take a more extended period.
Verification of Documents:
If there exists an issue with your documentation or further clarification is requested, then it may hold up the approval.
Checking for Compliance:
Businesses concerned with restricted or regulated goods may necessitate more rigorous checks which may prolong the processing.
Expert Legal Support
Ad Deals Legal Services have a deep understanding of the Indian trade regulations and international trade compliance. Our legal experts will ensure that your application is fully compliant with all the regulatory requirements.
Hassle-Free Process
We take care of all the applications, from documentation to submission, so you can concentrate on growing your business while we take care of the legalities.
Fast Processing
We provide quick and efficient service. Our team is dedicated to completing the registration process in the shortest time possible without compromising on accuracy or compliance.
Cost-Effective Solutions:
We offer affordable pricing for our services, ensuring that businesses of all sizes can access expert legal support without straining their budgets.
Comprehensive Trade Compliance:
It will not only help you gain your license but also understand how wide the scope of trade compliance is, keeping you in the know about any amendments done in the regulations and operating smoothly through the legal process.
Proven Success Record:
Ad Deals Legal Services has a proven record with successful Import and Export License acquisition for various industries for businesses across India.
AD Deals provides expert legal services for business licenses, compliance, and growth. Get tailored solutions and protection. Contact us today!