How can a sole proprietor (individual) in India get an IEC (Import Export Code)?

Sole proprietorship is the easiest form to create. Anyone can form a sole proprietorship and get an IEC code in India. The process of getting the IEC code in India is as follows:

1. Register your Proprietorship: Through the sole proprietorship is not the registered form of business, but it has to be registered by seeking the local license. If you are dealing in products i.e. selling goods, then you need to be registered under VAT and if you are a service provider, then you need to be registered under Service tax.

2. Open a Current Account: After getting the proprietorship registration, you can open the current account with any bank in India. This is important because cancelled cheque is the mandatory requirement in getting the IEC.

3. Collect the Mandatory Documents: Before you going forward with the IEC application, make sure you have the required documents:

• Copy of PAN card
• Copy of ID proof
• Passport size photograph
• Copy of cancelled cheque

4. Apply for Digital Signatures: After collecting the mandatory documents, apply for digital signatures certificates. As the IEC code is completely online, one must secure a digital signature to sign and submit the online IEC application.

5. Apply for IEC Code: After collecting all the requisite documents and digital signatures, apply for IEC code in India. The IEC application should be filed with due care to avoid any chance of being rejected.

Always remember, if you are planning to deal in import export business, get the IEC license first.

Register for Import Export Code (IEC) online from anywhere in India