Obligatory Registrations for Setting up an Export Business

Exports are highly beneficial for a nation as they bring in profit; promote monetary development and the general development and overall growth. Therefore, the administration of a nation dependably promotes exports.

To work the business, a business person needs to form an association which can be sole ownership, partnership firm under the Indian Partnership Act, a public limited company or a private limited company enrolled under the Companies Act, 2013 or even a Limited Liability Partnership.

The most prescribed course is to get enrolled as a private limited company since it offers numerous advantages, for example, limited liability protection for advertisers, transferability, simple access to bank loans, and so forth. Besides, customers dependably incline toward dealing with a registered corporate entity.

There are a couple of enlistments that are to be done on a compulsory premise to begin to start exporting. These are as follows:

  • Enrollment with the Director General of Foreign Trade (DGFT)

The Director General of Foreign Trade or DGFT furnishes the exporter with an extraordinary 'Import-Export Code (IEC)'. It is a ten digit code required for the export as well as import. No exporter is permitted to send out his products abroad without the IEC number or the Import-Export Code. It is a one-time registration, legitimate for the lifetime of the association or owner.

  • Enlistment with the Export Promotion Council

EPC or Export Promotion Council is a non-benefit association for the promotion of different merchandise sent out from India in the universal market. It goes about as a stage for the interaction between the export community and the government. An exporter must get an enrollment cum participation endorsement (RCMC) from the Export Promotion Council.

  • Registration with the Commodity Boards

The Commodity Board is an enrolled office assigned by the Ministry of Commerce, Government of India for motivations behind export promotion and has workplaces in India as well as in abroad. At present, there are five statutory Commodity Boards under the Department of Commerce. These Boards are in charge of generation, promotion, and fare of tea, coffee, rubber, spices, and tobacco.


  • Registration with the Tax Authorities

Products which are sent out of the nation are qualified for assessment exceptions. To profit this advantage, an exporter must be enrolled with the Tax Authorities.

  • Enrollment with the Central Excise Department

On the off chance that the things are excisable products, registration with the Central Excise Department is required.

  • Enlistment as indicated by the Route of Export

On the off chance that the export will be brought out through the ocean, enlistment or enrollment with the seaport traditions is required and if there should arise an occurrence of export helped out through the air, enlistment with airplane terminal traditions is fundamental.

If you need any help regarding the compliance work related to any of the above mentioned registrations, feel free to get in touch with RNS Associates. We are one of the leading taxation consultancies in Dehradun and will be happy to serve you with ROC work in Dehradun. Contact us, now!

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