Apply for Import Export License for Restricted Goods

Overview

To start import and export business in India, you need an Import Export Code. An Import Export Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted. For services exports however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy (FTP). you must make sure that you get an Import Export Code in advance to avoid severe penalties and keep your business running smoothly.

What is an Import Export License?

An Import-Export License, often referred to as an Import-Export Code (IEC), is a registration required for individuals or businesses engaged in importing or exporting restricted goods from India. This licence is issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, Government of India.

Importance of an Import Export License

#. Mandatory for legal import/export in India

It is a mandatory requirement for anyone looking to engage in the business of importing or exporting restricted goods from India. Without a valid Import-Export License, one cannot carry out import/export activities legally.

#. Access international markets (buy & sell across borders)

Having an Import-Export License enables restricted goods businesses to tap into international markets, allowing them to buy or sell goods and services across borders.

#. Faster customs clearance for your goods

IEC License streamlines the process of customs clearance for restricted goods, making it easier and quicker to move restricted goods across international borders.

#. Unlock government benefits (incentives, duty drawbacks)

Businesses with an Import-Export License can avail benefits provided by the government, such as export incentives, duty drawback, and exemptions on certain imports.

#. Boost credibility with foreign businesses

Holding a valid Import-Export License enhances a business's credibility and trustworthiness in the international market, making it easier to establish relationships with foreign suppliers or buyers.

#. Ensures compliance with trade regulations

The Import Export Licence ensures that businesses comply with the laws and regulations governing international trade, helping them avoid legal issues and penalties.

List of Restricted Goods in India

#. Live animals & bovine semen

#. Pets

#. Live animals for R&D purposes

#. Horses for sportsmen

#. Slug (changed to Slag in your query)

#. Ozone-depleting substance

#. Tyre scrap/ Lead scrap/battery scrap

#. Arms & ammunition

#. Import of gold - Dore

#. Transmitter or Communication device (This line is not present in the image you sent)

#. Refurbished electronic products

#. Import of Silver - Dore

#. Aircraft/ Hot Air Balloons/ Helicopter/UAVS

#. Wild Animals under Animal Exchange Programme

List of Concerned Departments providing permission to import restricted items

Document Requirement to obtain Import Export License

#1. MSME Certificate

#2. Valid Address Proof

#3. Approval from concerned department

#4. Adhar card and Pan card of Authorised Signatory and Firm

Note: Address may be physically verified by the DGFT on issuance of the IEC.

Validity of Import Export License

The Import Export License does not have an expiry date. Once issued, the IEC is valid for the lifetime of the entity or individual unless it is suspended or cancelled by the Directorate General of Foreign Trade (DGFT) due to non-compliance with the rules and regulations governing international trade.

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Amendment In Import Export License.

Holders of Import Export Licences can modify their licence anytime.

This includes:

#. Adding new items

#. Adjusting the quantity (up or down)

#. Changing the CIF value (up or down)

#. Modifying the Unit of Measure (UOM)

There's a base application fee to apply for amendments. The fee increases if the CIF value is increased.

Why choose E-StartupIndia for Import Export License for Restricted Goods?

E-Startup India streamlines the often complex process of acquiring Import Export Licences for restricted goods. Our user-friendly online service combines cutting-edge technology with the guidance of seasoned professionals to ensure a smooth and efficient experience.

We understand the intricacies involved in obtaining the necessary licences, and our highly qualified team is here to handle everything for you. Focus on growing your business and leave the import export licence worries to us! E-Startup India is committed to providing exceptional service, making the process as easy as possible for you.