Lets move further with the situation of forming a software export company in India, we have completed finding an office, and applying in Shop-Act. In one week, and after a visit from the office, the Shop-Act of the company is provided. Though, it has mis-spelled my name, but at least the company name is correct. :-)
So the next thing to do is getting a Bank Account in the name of your proprietorship firm, your bank will need besides your PAN card, address proof, ID proof, photos, the Shop-Act forms. And promises to open the account in 3-4 days. This is the only step where the people opposite to you is eager to get this step done.
Now is the IEC, the import export code. We are at this stage.
"IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade , Ministry of Commerce, Government of India to Indian Companies.
To import or export in India, IEC Code is mandatory. No person or entity shall make any Import or Export without IEC Code Number." check here for more details
To be continued...
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