To engage in exports from India, businesses must undergo specific registration processes and obtain necessary licenses. The primary requirement is the Importer Exporter Code (IEC) from the main agency of Directorate General of Foreign Trade (DGFT). This code is mandatory for all import-export transactions.
Step-by-Step Guide to Export Registration
Obtain Importer Exporter Code (IEC): This is the foundational step. The IEC is a 10-digit code issued by the DGFT under the Ministry of Commerce, Government of India. It's mandatory for anyone involved in importing or exporting goods or services from India.
How to Get IEC: The process is now online via the DGFT portal (https://www.dgft.gov.in). You need to register on the portal, fill out Form ANF-2A, upload required documents (PAN card, address proof, bank certificate/cancelled cheque), pay the application fee (INR 500), and then receive the IEC certificate digitally.
Why IEC is Crucial: It's required for customs clearance, remittance of foreign currency, claiming export incentives, and compliance with various regulations.
GST Registration: GST registration is mandatory for importers and exporters operating in India. You'll need a GSTIN (Goods and Services Tax Identification Number) to comply with the GST framework.
IGST on Imports: Imports attract Integrated GST (IGST) under the reverse charge mechanism.
ITC: Importers can claim Input Tax Credit (ITC) on IGST paid at customs.
GSTIN for Customs: You must provide your GSTIN when filing a Bill of Entry.
Other Licenses and Approvals: Depending on the goods you're exporting, you may need additional licenses or approvals.
Restricted Goods: If your product is restricted, you'll need an export license from the DGFT and No Objection Certificates (NOCs) from relevant ministries or regulatory bodies.
Sector-Specific Approvals:
FSSAI License: For food products.
WPC Approval: For telecom and wireless equipment.
Textile Committee NOC: For certain textile products.
APEDA/Rubber Board Registration: For agricultural and plantation exports.
Ensure Legal Compliance: Businesses must ensure compliance with the Customs Act (1962), the Foreign Trade (Development & Regulation) Act (1992), and the Foreign Trade Policy, 2023.
Classify Your Product: Determine the correct Harmonized System (HS) code for your goods. This is crucial for determining duty rates, export benefits, and restrictions.
File Necessary Documents: Submit the required documents for customs clearance, including the Bill of Entry, commercial invoice, packing list, and other relevant certificates.
Therefore, the primary company registration requirement for exports from India is obtaining an Importer Exporter Code (IEC) from the Directorate General of Foreign Trade (DGFT).