“Export,” here, means that the goods are shipped from place to place or may be shipped from one country to another.

The export trade begins with the export order received. It is in compliance with the requirements and licenses stated in the contract between the importer and the exporter. Following the work of documentation, the exporter begins to manufacture or procure products for shipment.

Okay, it requires different steps to process an export order and will be defined later. We should have a brief understanding of IEC before we go further than what does IEC mean? How is this necessary? And a lot of questions about it:-

In fact, IEC represents the Code of Import Exporters. To those who export or import any products, goods, or services from country to country, this is a code that is necessary or essential.

This IE code is provided by the DGFT, which is the responsibility of the Ministry of Communications and Industry of the Country. Of India. From India. For those who import or export to India, the IEC code is a simple requirement. A copy of the PAN card, proof of address of the business, company establishment, and a letter to the banker is required in order to obtain this IE code.

IEC can be issued during its lifetime by the company if it has been released and needs no renovation or filing, which is why it is recommended that the majority of the companies receive the IE code in the earliest possible period. The software now. Once. If submitted, in 3 to 7 working days or less, DFGT dept. will issue the entity’s IE code.

Steps were taken when processing an export order:-

In the following steps, the export protocol can be divided:

Step 1:- Procedure for registration.

Step 2:- The process for pre-shipment.

Step 3:- Process for packing.

Step 4:- Export opportunities are introduced.

Step 5: Post-Enterprise Procedure.

Step 1 of the agreement between exporter and importer includes:- The method of reception or acceptance

1) It is only mandatory for the shipping contract in the form of a paper, as mentioned above before the production and procurement of goods.

2) The items such as product specifications, payment terms, conditions of shipping, inspect and insurance provisions, last date of return, and other conditions may also be included in this stage for the full inspection or review of the products and services to be exported.

The second stage of the pre-shipping process comes hereby:-

3) Some critical steps follow investigation and bidding, foreign buyers, open of the credit letter, and finally but not least the pre-shipment financing arrangement.

4) Then comes the pre-shipment inspection, in which triplicate inspection certificates are issued.

For custom checks, the original copy is sent. The importer receives the second copy and the third is stored for the reference purpose with the exporter itself.

Phase 3 includes the process for shipment:-

5) In order to reserve the space required on the ship for shipment, the exporter must contact the shipping company well in advance.

6) System of Internal transport to the shipping port from the factory/store.

The final shipping form, the GR form, AREI Form, Packaging List, or Packaging Note, and the last are Excise Invoices, including planning and handling of shipping documents including a shipper account, commercial invoice, letter of credit with an exportation agreement.

Summary:-

IEC code could easily be taken in any country in India. You must prepare all documents necessary for the registration of the IEC code, either in Bangalore or Delhi. In general, after all, appropriate documents have been submitted it takes 3-7 days to get the IEC code.

It is now even easier for us to get your own IES code by using online modes, as we live in an advanced techno society. Many websites provide IEC code and pledge to be released within 3-7 working days or even less. The only thing you need to do is to give them a scanned copy of your documents and then you are one step ahead!!