NIIMS Registration

Import and export activities play a vital role in India’s economic growth and global trade. To regulate and facilitate these activities, the Directorate General of Foreign Trade (DGFT) has been entrusted with the responsibility of formulating and implementing the foreign trade policy. DGFT is the apex body under the Ministry of Commerce and Industry, Government of India, which is responsible for promoting and regulating India’s foreign trade.

If you are planning to engage in import or export activities in India, it is essential to understand the registration process and comply with the regulatory framework set by DGFT. This article provides a detailed overview of the DGFT import and export registration process in India.

1. Obtain Importer Exporter Code (IEC):
The first step in the registration process is obtaining an Importer Exporter Code (IEC). IEC is a 10-digit alphanumeric code issued by the DGFT to individuals or entities involved in import and export activities. It serves as a primary identification number for customs purposes. To obtain an IEC, you need to submit the application form (Aayaat Niryaat Form – ANF 2A) online through the DGFT website or offline at the regional DGFT office along with the required documents and prescribed fee.

2. Classify your Goods:
Once you have obtained the IEC, the next step is to classify your goods. Goods are classified under the Harmonized System of Nomenclature (HSN) code, which is an internationally accepted standard for classifying products. You need to determine the correct HSN code for your goods, as it is required for customs clearance and determining applicable duties and taxes.

3. Register with Export Promotion Councils (EPCs):
Certain export products require mandatory registration with Export Promotion Councils (EPCs) or other relevant authorities. EPCs are industry-specific organizations that promote and facilitate exports from India. They provide valuable market intelligence, trade promotion activities, and export-related incentives. Depending on the nature of your goods, you may need to register with the respective EPC to avail benefits and incentives.

4. Register with Customs Authorities:
To carry out import and export activities, you need to register with the Customs authorities. This registration is done by filing the necessary documents and providing details about your business, such as the nature of goods, import-export history, and financial information. The Customs authorities play a crucial role in customs clearance, verification of goods, and assessment of applicable duties and taxes.

5. Obtain Importer Exporter Profile (IEP) or Authorizations:
For certain restricted or regulated goods, such as chemicals, agricultural products, pharmaceuticals, and hazardous materials, you may need to obtain additional import-export authorizations or permits. These authorizations are specific to the product category and require compliance with various regulations, quality standards, and licensing requirements. You can apply for these authorizations through the DGFT by submitting the prescribed application forms and supporting documents.

6. Compliance with Foreign Trade Policy (FTP):
As an importer or exporter, it is crucial to comply with the provisions of the Foreign Trade Policy (FTP) issued by the DGFT. The FTP outlines various trade-related regulations, incentives, export promotion schemes, and import restrictions. It is important to stay updated with the latest policy changes and comply with the requirements mentioned in the FTP to avoid penalties or restrictions on your import-export activities.

Conclusion:
The DGFT import and export registration process in India involves obtaining an IEC, classifying goods under the HSN code, registering with EPCs (if applicable), registering with customs authorities, obtaining specific authorizations (if required), and complying with the Foreign Trade Policy. It is recommended to seek professional guidance or consult DGFT’s website or regional offices for accurate and up-to-date information.

At Mera Registration we can help you easily manage everything for you and provide hassle free solution for DGFT import export registration in Noida and Delhi NCR. Contact out team to get a free consultation.

Import and export activities play a vital role in India’s economic growth and global trade. To regulate and facilitate these activities, the Directorate General of Foreign Trade (DGFT) has been entrusted with the responsibility of formulating and implementing the foreign trade policy. DGFT is the apex body under the Ministry of Commerce and Industry, Government of India, which is responsible for promoting and regulating India’s foreign trade.

wpChatIcon
× Chat on WhatsApp