#iec code registration in Hyderabad

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KVR TAX Services is the Udyam Registration services in Hyderabad. Apply now for the new udyam aadhar registration, in Gachibowli, Flimnagar, Kondapur, Lingampally.

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What You Need to Know About MEIS (Merchandise Exports from India Scheme)

The Indian government has introduced various schemes to boost exports and strengthen the country’s economy. One such initiative is the Merchandise Exports from India Scheme (MEIS), which aims to promote the export of goods from India by providing financial incentives. If you are a business owner or exporter in Hyderabad, particularly in the Madhapur area, understanding MEIS is essential for optimizing your export potential. Steadfast Business Consultants LLP (SBC), a leading consulting firm in Madhapur, can guide you through the intricacies of MEIS and help you benefit from it effectively.

What is MEIS?

MEIS, introduced by the Government of India under the Foreign Trade Policy (FTP), is designed to provide incentives to exporters for shipping merchandise outside the country. The scheme aims to offset the infrastructural costs and other associated costs faced by exporters. This incentive is provided in the form of Duty Credit Scrips (DCS), which can be used to pay customs duties and other taxes or be transferred to other importers.

The main objective of MEIS is to encourage the export of goods from India to various global markets, including developing and developed countries. The government offers these incentives for a wide range of products, especially for industries where India has competitive strengths.

How Does MEIS Work?

Under MEIS, exporters receive duty credit scrips based on a percentage of the FOB (Free on Board) value of their export. The scrips provided under MEIS can be used to pay the applicable customs duties on imports or be transferred to other businesses.

The percentage of scrips granted varies depending on the type of goods exported and the market destination. Products from certain sectors such as textiles, garments, agricultural products, engineering goods, and handicrafts are eligible for these benefits.

The MEIS rate for each product is notified by the Directorate General of Foreign Trade (DGFT). The exporter needs to apply for MEIS benefits through the relevant authorities and follow the prescribed guidelines for eligibility.

Eligibility Criteria for MEIS

To be eligible for the MEIS incentive, exporters must meet certain criteria:

Exporters of Goods – Only businesses engaged in the export of eligible goods can apply for benefits under MEIS.

IEC Registration – Exporters must have a valid Importer Exporter Code (IEC) issued by the Directorate General of Foreign Trade (DGFT).

Export Performance – The business should have a good export performance, and the products must be listed in the MEIS schedule issued by the government.

Timely Submission – Exporters must apply for the MEIS benefits within the specified time limit and comply with all necessary documentation requirements.

Benefits of MEIS

Financial Relief: The MEIS scheme provides financial support to exporters by reducing the cost of exporting. The duty credit scrips can be used to offset the duties on imports, reducing overall expenses.

Global Competitiveness: By incentivizing exports, MEIS helps Indian manufacturers remain competitive in the global market, particularly in sectors facing stiff international competition.

Ease of Use: The duty credit scrips can be transferred, sold, or used for import payments, providing exporters with flexible options for utilizing the incentives.

Boosting Indian Exports: The MEIS scheme significantly contributes to India's economic growth by increasing the volume of exports, supporting job creation, and enhancing the country's foreign exchange reserves.

How SBC Can Help You with MEIS

Navigating the application process for MEIS can be complex, especially for new exporters or businesses unfamiliar with international trade policies. Steadfast Business Consultants LLP (SBC) in Madhapur, Hyderabad, specializes in helping businesses maximize the benefits of schemes like MEIS. Our team of experts offers comprehensive services, including:

Eligibility Check: We help you determine whether your products are eligible for MEIS benefits.

Application Assistance: We assist with the entire application process, ensuring all required documents are submitted on time.

Compliance: SBC ensures that your business remains compliant with the rules and regulations surrounding MEIS.

Ongoing Support: We provide continued support to ensure you continue receiving the benefits and address any challenges during the process.

Contact SBC Today for MEIS Guidance

If you are looking to optimize your export potential and take full advantage of the MEIS benefits, Steadfast Business Consultants LLP is here to help. Our team of experts in Madhapur, Hyderabad, can guide you through the entire process, from eligibility assessment to application submission.

Call us today at 040-48555182 to learn more about how we can help your business grow and succeed in the international market. With SBC by your side, you can ensure that your business leverages all available government incentives effectively and efficiently.

[a1subsidyconsultancy]

You can contact A1 Subsidy Consultancy for IEC Certification...

[bizivalueh]

Best  Import Export Code in Hyderabad

 A ten-digit alphanumeric designation called the Import Export Code (IEC) is given to companies who import or export goods or services. Any business that does not have the Import and Export Code is not permitted to engage in importing or exporting activities. In India, tax officials like Customs and DGFT personnel utilise the IEC, which is given by the regional office of the Director General of Foreign Trade, or DGFT, to uniquely identify import and export enterprises. Additionally, the DGFT uses the IEC code to control the import and export operations of Indian enterprises and safeguard the viability of the Indian economy.

Benefits of Import Export Code Registration in Hyderabad

Expanding a business

      iec registration in Hyderabad

 help You to develop your company by leaps and bounds, which will assist you in reaching out to a broader worldwide market and expanding your business.

No filing of returns: 

       By signing up for Import Export Code, you will be exempt from filing any returns. You won't need to follow any kind of procedure after receiving the code to guarantee that its validity is maintained. You won't need to file your returns with the Director General of Foreign Trade, not even for export transactions.

There is no need to renew:

    An import export code is valid as long as the entity is still in existence. So, those who own this code will never need to be concerned about renewing it.

Export incentives

    The Indian government has a policy of exporting commodities rather than collecting taxes. All taxes paid while exporting the items can be reimbursed to the exporter. If the importer pledges to export the items within a certain amount of time, the government will even eliminate some import duties.

What are process for getting Import and export code in Hyderabad

Step 1:

       Application preparation To obtain a code, submit an application to the DGFT in the area where the company has its registered office in the Aayaat Niryaat Form 2A format. Also, the government has set up an online filing system for getting IEC CODE ONLINE

Step 2:

      Preparation of the application The fundamental needs of ANF 2A are information on the company and its owners, directors, or partners, information about the bank account, and a bank certificate. ANF 2A must be provided along with all necessary IEC documentation. On the ANF2A form, a digital signature is required.

Step 3:

      Paying a fee Once the application is finished, the DGFT should be notified, and the government must be paid an application fee. Your application can be returned for revision or amendment by the IEC department. You have 15 days to respond to the DGFT.

Step 4:

      Code assurance in IE Your company will receive an IE Code from the Directorate General of Foreign Trade once the department has fully evaluated your application. Both a soft copy and a hard copy of this IE code are available. You can begin the import-export transaction after receiving the softcopy via email.

Documents Required for Import and Export Code Registration in Hyderabad 

 Card PAN

A bank statement or a cancelled check

Proof of address

Digital picture

Aadhar card copy or another form of identification

The most recent electricity/telephone bill, the rental/lease agreement, or the sale deed if the business location is self-owned.

Copies of partnership agreements (in case of a partnership)

A declaration of incorporation (in case of a private limited company, LLP )

Copies of the Trust Deed and the Society's Registration Certificate ( in case of a trust )

Why Does Your Business Need an Import Export Code in Hyderabad

    Import Export Code Registration in Hyderabad - The Foreign Trade (Development & Regulation) Act of 1992 states that no individual or company may import or export anything without first obtaining an IEC. These numbers are given to registered business owners by the DGFT. So, this is a requirement for every business wishing to sell in a foreign country. Companies must include this number on their shipments since the import-export code is used by port authorities, domestic organisations, the customs office, and other courier services to process applications.

This code aids in determining a business owner's identification and validity. Even if you deliver little amounts of your company's samples to a potential customer, it could still be considered a commercial shipping.The government and foreign trade organisations will require an authorised IEC because this entails an economic transaction that occurs through international ports.

Who Needs Import and export code in Hyderabad

     Import and export code in Hyderabad For everyone involved in operations like importing or exporting products and services from India, they must register for an import-export code, or IE code. Hyderabad residents can easily obtain an IE code online by providing the necessary documentation. A valid IE number is required for all importers and exporters who want to bring in or send out products or services from India.

         IE Codes in Hyderabad may be either individuals or registered companies. IE codes are also referred to as export, import, or EXIM licences. Companies can profit from DGFT, Customs, and the Export Promotion Council on their exports and imports by registering for an IE code in Hyderabad.

IEC registration fees in Hyderabad

         The IEC Code procedure is carried out by many professionals to make it easier & time-saving process for you. IEC fees in Hyderabad may vary depends on agent.  where as bizivalue charges a professional fee with affortable cost contact us for more details .

How to get Import and Export code in Hyderabad

    It is quite difficult to grasp the procedure and provide the necessary documentation. The likelihood of the application being rejected increases with each stage of the uploading of the documents. The digital signature certificates that must be uploaded adhere to various criteria. IEC consultant in Hyderabad

 has fully comprehend. That is why we stepped forward to assist you in avoiding the headache and registering your import export code at the lowest price assured.so that you may focus on running your business while letting us handle the legal formalities

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Business setup

Business setup – Best DOT OSP Consultants in India - Call: 9156668806 - https://www.businesssetup.in

Business Setup offers Company Registration, ROC Compliances, GST Filings, TAX Filings, Trademark, Copyright, MSME Registration, IEC Code, OSP License, Startup India Registration, Valuation report for Startups, Legal Agreements and Business Consultancy Services in India.

Business Setup services cover all the legal needs of businesses, such as company registration, government registrations & filings, accounting, documentation and annual compliance’s. Our mission is to provide one-click access to individuals and businesses for all their legal & professional needs.

Business Setup are a team of Chartered Accountants, Company Secretaries and lawyers. We have our offices in Mumbai, Bangalore, Pune and Hyderabad. They are the only legal firm that provides free company registration services to all the Indian and Foreign Startups.

Business Setup has more than 12 years of experience and incorporated more than 5000 companies in India.

Business Setup have helped more than 1200 startups with legal documentation like preparing term sheets, shareholders agreements, private placement and rights issue.

Business Setup has assisted 1200+ companies with their regular monthly compliances like book keeping, GST returns, TDS returns, Tax filing and secretarial compliances.

Business setup

Offices:

Pune : 2nd Floor, Unique Chambers, Fergusson College Rd, Shivajinagar, Pune, 411004

Bangalore : 161/1,Pearlnaksha, 3rd Floor, 1st main Road, Sheshadripuram, Bangalore 560020

Mumbai : C/O S R Dhariwal and Co, 505, Arcadia, 195 NCPA Marg, Nariman Point, Mumbai

Call: 9156668806

Website:  https://www.businesssetup.in

[getlicense-consultants]

Business setup

Business setup – Best DOT OSP Consultants in India - Call: 9156668806 - https://www.businesssetup.in

Business Setup offers Company Registration, ROC Compliances, GST Filings, TAX Filings, Trademark, Copyright, MSME Registration, IEC Code, OSP License, Startup India Registration, Valuation report for Startups, Legal Agreements and Business Consultancy Services in India.

Business Setup services cover all the legal needs of businesses, such as company registration, government registrations & filings, accounting, documentation and annual compliance’s. Our mission is to provide one-click access to individuals and businesses for all their legal & professional needs.

Business Setup are a team of Chartered Accountants, Company Secretaries and lawyers. We have our offices in Mumbai, Bangalore, Pune and Hyderabad. They are the only legal firm that provides free company registration services to all the Indian and Foreign Startups.

Business Setup has more than 12 years of experience and incorporated more than 5000 companies in India.

Business Setup have helped more than 1200 startups with legal documentation like preparing term sheets, shareholders agreements, private placement and rights issue.

Business Setup has assisted 1200+ companies with their regular monthly compliances like book keeping, GST returns, TDS returns, Tax filing and secretarial compliances.

Business setup

Offices:

Pune : 2nd Floor, Unique Chambers, Fergusson College Rd, Shivajinagar, Pune, 411004

Bangalore : 161/1,Pearlnaksha, 3rd Floor, 1st main Road, Sheshadripuram, Bangalore 560020

Mumbai : C/O S R Dhariwal and Co, 505, Arcadia, 195 NCPA Marg, Nariman Point, Mumbai

Call: 9156668806

Website:  https://www.businesssetup.in

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What all services does @lawyer2ca provide? - Lawyer2CA® provides the following professional services: 1. Business Incorporation [Private Limited #Company / Limited Liability Partnership / One Person Company / Section 8 Company / #Trust / Partnership Firm / Sole Proprietorship] in #India & Abroad 2. Licencing [GSTIN (Goods & Services Tax Identification Number) / IEC (Import Export Code) / MSME (Micro, Small & Medium Enterprise) / 12A & 80G / FCRA Registration / Trademark Registration] 3. Accounting 4. Audit 5. Contracts and Agreements 6. Income Tax Return Filing 7. GST Return Filing 8. Secretarial Compliance and 9. Mergers & Acquisitions Advisory - #Lawyer2CA #India #business #innovation #technology #data #inspiration #startups #work #growth #entrepreneurship #entrepreneurs #compliance #focus #mumbai #delhi #bangalore #entrepreneurlife #hyderabad #strategic #howto #founder #digitalindia #makeinindia #startupindia #tax #startup https://www.instagram.com/p/BsfUVq0nXSt/?utm_source=ig_tumblr_share&igshid=1hx10oizgfmb3

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TRADE LICENSE Registration

TRADE LICENSE Registration Or IEC Code Registration

A trade license is a document/certificate that gives the permission to the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location. However, the license does not allow the holder to any other trade or business than for it is issued. The trade license is an instrument that helps a regulating authority in ensuring that the mode and locality in which the business is being operated is in accordance with the relevant rules, regulations, standards and safety guidelines prescribed by the government of the respective state.

The provision of trade license is separately laid down by the respective State government to track and monitor the trade within a city. It is granted by the municipal corporation of the state where business is located.

DIFFERENT CATEGORIES OF TRADE LICENSE

a. Industries license: small, medium and large scale manufacturing factories

b. Shop license: Dangerous and Offensive trades like a sale of firewood, cracker manufacturer, candle manufacturer, barber shop, dhobi shop etc.

c. Food establishment license: Restaurants, hotels, food stall, canteen, the sale of meat & vegetables, bakeries etc.

DOCUMENTS REQUIRED FOR MCD TRADE LICENSE

Pan Card of the     establishment in case of company, LLP or Firm

Canceled Cheque and bank statement of the     establishment

Certificate of     Incorporation, MOA, and AOA of the company or LLP/ Partnership Agreement     as the case may be

Premises Proof of the     establishment in the form of Sale Deed, Electricity Bill/water bill and     NOC from an owner.

Colour Photograph, Pan     card and ID Proof and Address Proof of all Directors/ Partners

Front-Face Photograph     of the establishment with Display of goods traded from the premises

Site/Key Plan Showing     the area under the occupation of the applicant earmarking the neighborhood     of the site.

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Business Registration Online in Telangana

Are you intrested in Company Registration in Telangana, and then this is the right place for you. There are various varieties of business entity, which you can enroll in Telangana, like Section 8 Foundation, Producer Company, OPC Pvt Ltd Company, Partnership Firm, NGO, Sole Proprietorship, Nidhi Company, Private Limited Firm, Limited Company, LLP Company, etc. Telangana is one of the top growing State of Telangana and there are so many clients in Telangana who has enrolled Business through financebazaar.com. Right now FinanceBazaar.com is the one of the Best Firm formation service provider in Telangana, you can as well read FinanceBazaar.com customer feedback on Google. As we all know Telangana is one of the rapidly developing state in India where you can do your business without a hitch. Firm establishment in Telangana is not an easy step for each and every one, because there are so many different formalities that you have to follow and there are so many different legal paper work that you must need to fill for fully Business incorporation. But you have no need to worry about anything, because Finance Bazaar is providing online Business incorporation service in Telangana which client not have to do anything. client have to submit only documents and Gov Fees and financebazaar.com will take care of rest. Basically Firm establishment proceedings takes 7 to 10 working days that every thing rest on client cooperation.

Here you will get Every explication regarding Fees For Firm Registration in Telangana

What financebazaar.com will provide

PAN and TAN

MOA and AOA

Digital Signature Certificate For Each Directors

Certificate of Company incorporation

Share Certificates

GST Number (If require)

As follows Information want for Company registration in Telangana

Business Name: - The Firm name which you required to register will be gave by your side, but there are a lots of factors for choosing the Business name. You can't use generic words and those words that are before established or trademarked can't be suitable. financebazaar.com Expert Chartered Accountant will advise you as well in deciding Company name.

Authorized Capital: - At Least 1 Lakh Authorized money is needed for Company registration in Telangana . You can expand it as per your requirement. But if you will increase authorized capital, exceeds than 10 Lakh, then registration duties will as well increase.

Paid-up Capital: - You can launch your Company from One Rupee paid-up capital in Telangana and you can extend it as you want, but you should informed the paid-up amount amount all times below than the Authorized amount.

Number of Directors: - Minimum two directors mandatory for Pvt Ltd Firm and single director for OPC Firm. In PVT LTD Company you can increase the number of directors till 15.

Business Activity: - This is an primary part of your Firm, your business activity will identify the business class in which your Firm name will be incorporated and it will even justified in MOA and AOA.

Office place: - The office address where you require to register your Firm.

All Directors email address and phone number: - Every director mail id and mobile number mandatory for Digital Signature Certificate and Director DIN.

Required Documents for Firm enrollment in Telangana

These are some following documents file that you must need to submit for Company incorporation in Telangana:

Aadhar Card/Voter Card/Driving License/Passport of Each and Every Directors

Pan Card of Each and Every Directors

One utility bill (Electricity, Gas, Phone, Water Bill of any name) for office address proof

Updated Bank Statement of Every directors/Any Latest bill for address proof of Each directors like Mobile Phone Bill, Gas Bill, Electricity Bill, etc.

Photographs of All directors.

For GST Registration Rent Agreement Between company name and owner of the property where company has registered.

Cost for Business incorporation in Telangana

Company Registration Fees in Telangana is around Rs 6999/- (Six Thousand Nine Hundred Ninety Nine Rupees Only/-), but it can change as per your need. If we discuss about fee structure, then initially 1000 rupees goes to the Government for Business name applying and you have two attempts for your Business name confirmation, if your Company name is special, then it can be authorized in first attempt. If two times your Company name has rejected, then you have to pay 1000 rupees once again to the Government for resubmitting alternative name registration. After Firm name approval you required to pay Gov registration fee that can be differ as per your Authorized capital or state rules. Every Single states have specific rules as well as Telangana about registration duty for Company incorporation. If you need two directors in your Firm, then approximatively 500 Rupees Every director Fees for Digital Signature, if directors will increase, then the Digital Signature Certificate Token Fees will also increase consequently. PAN & TAN Fees also collect by Gov that will not be change. And final our professional charges includes for doing and preparation all documents, paperwork and other work.

financebazaar.com offer Listed as follows services in Telangana

Partnership Firm Registration

Change, Add or Remove Company Director

12A 80G Registration

LLP Annual Compliance Service

FCRA Registration

Digital Signature Certificate

Startup India Registration

Section 8 Company Compliances

Change Company Address or Registered Office

Chartered Accountant Consultation

Public Limited Company Registration

Producer Company Compliances

NGO Compliances

Change Company Name

Close or Winding Up Of a Company

Private Limited Compliance

Import Export Code | IEC Certification

Company Registration

Income Tax Return Filing

Copyright Registration

GST Surrender

One Person Company Compliances

DIN Activation

NGO Registration

Producer Company Registration

Nidhi Company Compliances

Trademark Registration

LLP Registration

Sole Proprietor Registration

Director KYC Verification

Section 8 Foundation Registration

Society Registration

Public Limited Company Compliances

Commencement of Business Certificate

GST Return Filing

Trust Registration

ISO Certification

One Person Company Registration

Nidhi Company Registration

MSME Udyog Aadhaar Registration

GST Registration

Private Limited Company Registration

Food License (FSSAI) Registration

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Streamline Your Business with KVR TAX: Your Go-To Partner in Hyderabad

Starting and managing a business in Hyderabad involves several critical steps, from registration to tax filing. Navigating the complex regulatory landscape can be overwhelming, but with the right guidance, it becomes a seamless process. At KVR TAX, we specialize in offering comprehensive solutions for all your business needs, including gst registration certificate in hyderabad, income tax filing in Hyderabad, and much more.

Goods and Service Tax Registration in Hyderabad

One of the primary requirements for any business in India is the goods and service tax registration in hyderabad. GST is a crucial tax that every business dealing in goods or services must comply with. Our team at KVR TAX ensures a smooth and hassle-free firm gst registration process in hyderabad. From understanding the legal requirements to completing the paperwork, we assist you at every step.

Register Your Business Effortlessly

If you're planning to register a business in hyderabad, KVR TAX is your reliable partner. Whether you want to register a company in Hyderabad or set up a small firm, we provide end-to-end services. The registration of firm process in hyderabad can be daunting, but our experts make it simple and straightforward. We guide you through each phase, ensuring that your business complies with all necessary regulations.

Income Tax Filing Made Easy

Tax filing is another essential aspect of running a business. Whether you're an individual or a corporate entity, timely and accurate tax filing is crucial. KVR TAX offers expert services in income tax filing in hyderabad. Our professionals are well-versed in the latest tax laws and help you with incometax return filing in hyderabad, ensuring compliance and minimizing liabilities.

MSME Registration Consultants in Hyderabad

For small and medium enterprises, obtaining MSME registration is vital for availing various benefits. At

[steadfastconsultant]

How to Obtain an EPCG License for Export-Oriented Enterprises

The Export Promotion Capital Goods (EPCG) scheme plays a vital role in enhancing the competitiveness of export-oriented businesses in India. The EPCG license allows companies to import capital goods at reduced customs duties, provided they fulfill certain export obligations within a specified time period. This scheme helps businesses upgrade their manufacturing facilities while reducing costs, ultimately boosting export potential. If you're based in Madhapur, Hyderabad, and looking to obtain an EPCG license, Steadfast Business Consultants LLP (SBC) is here to help guide you through the process efficiently.

What is an EPCG License?

An EPCG license is a government authorization granted to businesses under the Foreign Trade Policy (FTP). This license allows exporters to import capital goods such as machinery, equipment, or tools at concessional customs duties, typically 0% or 5%. The objective of this license is to promote the export of goods and services by providing exporters with access to advanced technology and machinery, improving their production capabilities.

Eligibility for EPCG License

Before applying for an EPCG license, it’s important to ensure that your business meets the eligibility criteria. Typically, the following types of businesses are eligible for the scheme:

Export-Oriented Enterprises: The company should be involved in exporting goods or services and meeting certain export performance criteria.

Manufacturers: The EPCG scheme is primarily designed for manufacturers who require capital goods to enhance their production capacity for export purposes.

Export Turnover Requirement: The business must have a minimum export turnover and must commit to exporting a specific value of goods over a defined period.

If your business qualifies under these criteria, you can proceed with applying for the EPCG license.

Step-by-Step Process to Obtain an EPCG License

Here’s a detailed step-by-step guide on how to obtain an EPCG license for your business:

1. Create a Profile on the DGFT Website

The first step is to create a profile on the Directorate General of Foreign Trade (DGFT) portal. If you don’t have a user ID and password, you will need to register on the DGFT website. This portal is the official platform for all trade-related applications, including EPCG license applications.

2. Prepare the Required Documents

To apply for the EPCG license, you need to prepare the necessary documents. These documents generally include:

IEC (Import Export Code) registration details.

GST registration certificate (for tax compliance).

Bank details and financial statements.

Export performance records (proof of your export turnover and compliance with export obligations).

Project report for the capital goods you plan to import.

It’s essential to ensure that all documents are accurate and up-to-date to avoid delays in the application process.

3. File an Application for EPCG License

Once your profile is set up and documents are ready, you can file the application for the EPCG license on the DGFT website. The application will require details about the capital goods you wish to import and the projected value of the goods you intend to export. You will also need to specify the export obligation – the total value of goods you must export to avail the concessional duty benefits.

The export obligation typically ranges from 6 to 8 times the amount of duty saved on the imported capital goods and must be fulfilled within a specific period (usually 6 years).

4. Submit the Application and Pay the Fees

After completing the application, submit it on the DGFT portal. You will need to pay a nominal application fee as part of the process. The payment can be made online through the DGFT portal using various payment methods.

5. Wait for Approval

Once the application is submitted, the DGFT will review your application and documents. If everything is in order, the EPCG license will be granted. This process may take a few weeks, depending on the volume of applications and the verification process.

6. Import the Capital Goods

After receiving the EPCG license, you can proceed with importing the capital goods specified in your application. These goods will be subject to the concessional duty rates granted under the EPCG scheme.

7. Fulfill the Export Obligation

As per the EPCG license, you must fulfill your export obligation by exporting goods that are at least six times the duty saved within the time frame specified. Failure to meet these obligations can result in penalties or additional duties.

How Steadfast Business Consultants LLP (SBC) Can Help

Navigating the EPCG license application process can be complex and time-consuming. At Steadfast Business Consultants LLP (SBC), we specialize in helping businesses in Madhapur, Hyderabad and beyond obtain EPCG licenses smoothly. Our expert consultants assist you in preparing the necessary documents, filing the application correctly, and ensuring compliance with all the requirements of the EPCG scheme.

We offer tailored guidance for both new and existing exporters, ensuring that your business benefits from reduced import duties and enhanced production capabilities. Our goal is to help you focus on growing your business while we handle the intricacies of the EPCG process.

Conclusion

An EPCG license is a valuable tool for export-oriented businesses looking to improve their manufacturing capabilities while saving on import duties. The process of obtaining the license can seem daunting, but with the right guidance and assistance, it becomes manageable. At Steadfast Business Consultants LLP (SBC), we are committed to making the EPCG license application process as smooth as possible for your business. Contact us today at 040-48555182 to learn more about how we can help you take advantage of the EPCG scheme and grow your export business.

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What is Import/Export code and its registration process?

It is very much essential to know the basic things of Import/Export code before getting into a process of business expansion. To bringing the small business to a huge international market. It is necessary to get the IE code. Keep an eye on this to know how the process is carried out and what are the things to remember while registering.

What is IE Code?

IEC (Import Export Code), the most important things for any business in a country without that, no exports or imports can be done inside or outside India. Bringing the products or services to the international markets in order to expand the business is an ultimate goal for any business personnel. As soon as the business starts to operate internationally, there are so many additional factors which must be taken into consideration. Those factors might be a great impact for success. IE code is the core of any large successful business.

Import export concept established due to some inadequate resources in each places. Each country is specified with some unique resources and also lack of other essential resources, this may prevent them to develop the overall economic status of the country. In some countries, they are rich in minerals, fossil fuels, and precious metals where other countries may experience shortage or lack of these resources. Some may have high educational systems and infrastructures, while others do not.

All business engaged in importing and exporting goods need to obtain import/export code. This code enables identify the seller of goods and reduces the illegal selling of goods or services. It is mandate for business dealings in export and import of goods to obtain IEC code before commencing imports and exports.

If suppose the import/export is service or technology, IEC is required only in limited circumstances. Specified services and technologies are restricted by the government since the Government of India pertain to national security such as dealing with automatic guns, nuclear weapons etc.

IEC code is a unique 10 digit code which is issued by Director General of Foreign Trade (DGFT).

Benefits of Import/export code:

Introduction of new product in the market:

Generally businesses in India and china are tending to produce more goods and services for the American and the European market. Main focus to do business there is because of the size and the purchasing power of the population. When a new product is introduced in that market, there may take one year to introduce the same product in other and smaller markets.

To be a leader in the international market:

Key benefit of importing products is a kind of opportunity to become a market leader. Manufacturing new improved and innovative products is a never ending process. Many business personnel in the world wide grab the chance to import unique products before their competitors do. Being the first to import new product will eventually make you lead in the import/export industry.

Cost Reduction:

Most important benefit of importing is the reduction in the manufacturing cost of the product. Nowadays importing products of car, bike, smartphones, computers, etc. and their products are more affordable when compared with producing them locally in the host country.

Customs Clearance:

The IE code will be very helpful for clearing the customs. Banks also requires the importers IE code while sending the money to abroad. While sending shipments, IE code must be quoted. Banks requires the exporters IE code in order to receive the money from the abroad.

Increases the sales profit:

Importing products facilitate to reduce the cost of businesses whereas exporting of products increases the sales and sale potential. Businesses which focus on exporting expand the business internationally, regionally and globally. Instead of selling the offerings in the local market to earn the profit, these businesses can be focussed on discovering new products in other countries to get a huge exposure.

No return filing:

IE code doesn’t require any filing of returns. Once the IE code is issued, there are no procedures to maintain the validity of IE code. There are no filings required for DGFT even if the import or export transaction occurs.

Life span of IE code:

IE code lifetime is up to the life of an entity. There is no need of renewal. All the import/export transaction can be done once the IE code is obtained. Without any further inconvenience, the process can be carried out once you got the IE code legally.

Proprietors can have IE code:

The proprietors of the business can obtain IE code in their name. It is not necessary to incorporate a business for obtaining IE code.

IEC not required under certain circumstances –Exceptional cases:

Import/export of goods which are not connected with any agriculture, trade or manufacture.

IE goods for personal use.

Import/export of goods by ministries or governmental organisations or any notified charitable organisations.

Documents required for obtaining IEC:

Self-certified copy of PAN card.

Partners and directors list and their corresponding addresses need to be mentioned.

Memorandum and Articles of association has to be attached. If it is a partnership firm, partnership deed duly notarised and self-certified need to be produced.

Passport photographs of the signing authority.

Date of formation of the company as per the agreement or as per the registrar of companies.

Bank account details and the bank certificate.

One thing to keep in mind is that the PAN is the prerequisite for granting IEC. One IEC can be issued against one pan.

Company’s letter head for issue an IEC number.

In case business premise is self-owned the sale deed agreement can be submitted. If suppose the premise is rental/leased, the electricity bills or the rental agreement can be produced.

No Objection Certificate (NOC) from the landlord (if applicable).

Certificate of incorporation need to be produced (in case of a company).

Procedures for obtaining Import/Export Code:

Step1:

All applications need to be made in Aayaat Niryaat Form 2A (ANF) format to DGFT in the particular region where the registered office of the company is situated.

Step2:

All the required details and documents need to be submitted along with the ANF 2A form. Digital signature is required in this form.

Step3:

Once the application got completed, it will be filed with DGFT and the required application fee to be paid to the government. The department of IEC may send back you the application for any correction or change. It is indeed to reply back within 15 days to DGFT.

Step4:

The application will be scrutinised by the examiner in the department. DGFT will allot a unique IE code for your business. IE code may come in both soft and hard copy. Once you receive the soft copy via e-mail, you can start processing your transaction.

Click here to know more information. We, the business service providers named as “Solubilis Corporate Services”with the team of professional experts. The professionals provides the better guidance and the strong support to the clients for their business related requirements. We do offer services at so many major locations in India. They are as follows: Chennai, Coimbatore, Madurai, Salem, Trichy, Tirupur, Karur, Erode, Cochin, Bangalore, and Hyderabad.

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A private limited company is a company privately held for small businesses. The Name of the Company shall end with Private Limited. This type of business entity limits owner liability to their shareholdings. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. A Private Limited Company gives a separate legal entity for the Promoters to excel in their area of Operations.

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SOLE PROPRIETORSHIP OR GST REGISTRATION

 The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under any other name which he wishes to register.

The sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his or her name and secure local licenses, and the sole proprietor is ready for business.

Advantages PROPRIETORSHIP REGISTRATION OR GST REGISTRATION:

·       It is the simplest and easiest form of business

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·       There are less legal compliances and regulation in comparison to company

·       Only Income tax is required to be filed.

  Documents required PROPRIETORSHIP REGISTRATION OR GST REGISTRATION

 ·       Identity and Address Proof of the Proprietor

·       Email id / Contact No of the Proprietor

·       Passport Size Photo of the Proprietor

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Online Firm Registration in Uttar Pradesh

Are you looking for Company Registration in Uttar Pradesh, and then this is the exact location for you. There are so many classifications of business entity, which you can register in Uttar Pradesh, like Nidhi Company, Public Limited Company, NGO, Section 8 Foundation, Producer Company, OPC Firm, Proprietorship Firm, Private Limited Company, Limited Liability Partnership Firm, Partnership Company, etc. Uttar Pradesh is one of the fastly increasing State of Uttar Pradesh and there are so many different clients in Uttar Pradesh who has enrolled Business via FinanceBazaar. Right now Finance Bazaar is the one of the Top Business registration service provider in Uttar Pradesh, you can as well visit FinanceBazaar.com customer feedback on Google. As you know Uttar Pradesh is one of the fastest increasing state in India where you can do your business extremely well. Company incorporation in Uttar Pradesh is not an simple step for every person, because there are various proceedings that you must have to follow and there are so many different legal paperwork that you must need to fill for fully Company formation. But you have not need to worry regarding anything, because FinanceBazaar.com is offering online Business establishment service in Uttar Pradesh which you have not need to do anything. you have to serve only papers and Gov Cost and our team will look out of rest. Basically Company enrollment process takes 7 to 10 working days that every thing based on client coordination.

On this page you will get Each details concerning Best Firm Registration Service in Uttar Pradesh

What Finance Bazaar will provide

PAN and TAN

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Such details recommended for Business registration in Uttar Pradesh

Business Name: - The Company name which you want to enroll will be committed by your side, but there are so many terms for deciding the Firm name. You can not use general words and those words which are already registered or trademarked can't be acceptable. financebazaar.com Best Chartered Accountant will advise you also in deciding Firm name.

Authorized Capital: - At Least 1 Lakh Authorized amount is compulsory for Business enrollment in Uttar Pradesh . You can enlarge it as per your demand. But if you will expand authorized money, more than 10 Lakh, then registration duty will as well expand.

Paid-up Capital: - You can start your Firm from One Rupee paid-up fund in Uttar Pradesh and you can expand it as you want, but you should understand the paid-up money money at all times lower than the Authorized capital.

Number of Directors: - Minimum two directors mandatory for Private Limited Company and only single director for OPC Pvt Ltd Company. In PVT LTD Company you can extend the number of directors till 15.

Business Activity: - This is an very important part of your Firm, your business activity will identify the business class in which your Company name will be enrolled and it will as well mentioned in MOA and AOA.

Office location: - The office location where you need to form your Company.

All Directors mail and mobile phone number: - All director email and contact number mandatory for Digital Signature Certificate (DSC) and Director Identification Number.

Required Documents for Company formation in Uttar Pradesh

These are some following documents that you need to serve for Firm establishment in Uttar Pradesh:

Aadhar Card/Voter Card/Driving License/Passport of Each Directors

Pan Card of Every Single Directors

One utility bill (Electricity, Gas, Phone, Water Bill of any name) for office address proof

Most up to date Bank Statement of Every Single directors/Any Most up to date bill for address proof of Every directors like Mobile Phone Bill, Gas Bill, Electricity Bill, etc.

Photographs of Each directors.

For GST Registration Rent Agreement Between company name and owner of the property where company has registered.

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Company Registration Fees in Uttar Pradesh is around Rs 6999/- (Six Thousand Nine Hundred Ninety Nine Rupees Only/-), but it can fluctuate as per your requirement. If we speak about fee structure, then in the very beginning 1000 rupees send to the Government for Firm name application and you have two possibilities for your Business name reservation, if your Firm name is exceptional, then it can be approved in first try. If two times your Business name has dismissed, then you must need to pay 1000 rupees once again to the Government for resubmission alternative name request. After Company name authorization you must have to pay Government registration costs that can be vary as per your Authorized capital or state rules. Each and Every states have own rules including Uttar Pradesh regarding registration duty for Business establishment. If you need two directors in your Firm, then approx 500 Rupees Every director Charges for DSC (Digital Signature Certificate), if directors will increase, then the Digital Signature Certificate Cost will also increase consequently. PAN & TAN Fees also collect by Government that will not be different. And lastly our registration fees includes for doing and getting ready all documents, documentations and further activities.

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