ISCECA Certificate is a Certificate of Origin issued by the Directorate General of Foreign Trade in India. ISCECA Certificate ensures that the commodity meant to be exported is completely manufactured or produced in the originating country or the exporting country. In order to verify the goods, the exporter has to produce multiple documents before the DGFT to prove that the goods have been manufactured in India.
The necessity for a Certificate of Origin is for custom clearance in the importing country. In case goods imported do not come with a Certificate of Origin, the importing country custom authorities will tax the goods. The Certificate of Origin is used by the importing country to ensure that the products are duty free and the goods are originating from the country under free trade agreement.
Account ID Creation with the help of Organization based DSC.
Importer Exporter code is the primary requirement to enter the international market and expand your business. While an IEC code allows you to operate an import-export business in Dewas, it has many additional benefits. Some of them are listed below :Particulars FeesGovernment Fee ?736One-time registration fee 500Application Fee 2000Total Fee 3236Validity of CECA 12 months from the date of issuance
Particulars | Fees |
Government Fee | 736 |
One-time registration fee | 500 |
Application Fee | 2000 |
Total Fee | 3236 |
Validity of CECA | 12 months from the date of issuance |
India has enhanced its market access commitments for neighbouring service providers. These commitments provide companies with an opportunity to build market expertise and grow by international expansion. Under Free or Preferential Trade Agreement there are multiple options where certificate of origin can be generated from India for import benefits to importing companies:-
ICPTA – India Chile Preferential Trade Agreement
SAFTA – South Asia Free Trade Agreement
SAPTA – SAARC Preferential Trade Agreement
IKCEPA – India Korea Comprehensive Economic Partnership Agreement
IJCEPA – India Japan Comprehensive Economic Partnership Agreements
AIFTA – ASEAN India Free Trade Agreement
ISFTA – India Sri Lanka Free Trade Agreement
APTA – Asia Pacific Trade Agreement
GSP – Generalized System of Preferences
GSTP – Global System of Trade Preferences
IMCECA – India Malaysia Comprehensive Economic Cooperation Agreement
ISCECA – India Singapore Comprehensive Economic Cooperation Agreement
The Validity of an IEC code is One year . Unlike other government licenses, The Import Export Code was valid for a lifetime. However, after the amendments in Foreign Trade Policy on 12th February 2021, the import-export code has now to be renewed every year.
This amendment made the update of Import Export Code details mandatory for every IEC and e-EIC holder. Even if there are no updates in IEC, the same has to be confirmed online on the DGFT portal. Failing to do so may result in your Import Export code deactivation.