IEC Registration is required to be obtained by anyone willing to start an import/export business registration in India. Documents required for IEC Registration (Import Export Code). Register Import export code (IEC) in India
Apply IE Code Registration online in India with us! It is mandatory for all Indian companies which deal or plan to expand their business activities through import and export business operations. Online IE Code Registration is a mandatory10 digit unique license, for companies and businesses that deals with import-export transactions in the Indian Territory issued by The Director-General of Foreign Trade (DGFT), under the Department of Commerce, in India.
IEC or Import Export Code is a code which is mandatory for Indian companies if it wants to expand its business activities through import and export business operations. The IEC is granted Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industries Import Export Code is a unique ten-digit code which is granted by DGFT, the purpose of the Import-Export registration License Certificate is to regulate and manage the foreign trade operations in India.
To carry out Import and Export activities in India, it is necessary to obtain IEC registration as any business cannot import-export activity without obtaining an IEC code license. Additionally, if any company wants to extend its business operations to the import-export activity, then getting IEC code registration is a must and through which the business also gets benefited by the government schemes. Reserve Bank of India has made obtaining an import export code license mandatory for all the traders and Import Export Code is necessary during all transaction procedures.
In the present growing competition, businesses have to compete with their competitors available in the business market. With the generation of new ideas and back to back new innovations in business operations, the emergence of e-business, business operating in domestic markets finds it important to extend their business activity globally by trading abroad.
Expansion Of Business: Using IEC, the business can expand its reach to the international market or global market. IEC License provides the business to export its products and goods outside the country and create brand recognition in the international market.
Availing Several Benefits: Depending on the basis of IEC registration, the business can enjoy several advantages provided by the Export Promotion Council, DGFT, and Customs.
Availing Several Benefits: Depending on the basis of IEC registration online, the business can enjoy several advantages provided by the Export Promotion Council, DGFT, and Customs. No Return Filing: iec code online application doesn’t need any return filing. Once online iec registration in India is granted, there isn’t any need to follow any type of procedures to support its authenticity. In any case of the export transaction, DGFT doesn’t enter or make any issue for filing any return.
Hassle-Free Procedure: Obtaining IEC from DGFT is really simple and can complete the process within 0-15 days after presenting the application. No documents of export or import is required following to obtain the import export code number.
Valid for Lifetime: Once your business is registered with an IEC license, then you can enjoy its auto iec registration benefits till eternity as it is valid for a lifetime and importantly there is no need for any renewal process.
Government Authorizes Proof: Import export code registration online or IEC is a government identity number which is granted by the DGFT. And can show this identity code number at the time of clearance of the shipment.
When IEC Registration In India Is Necessary
To any business that is involved in the import-export activities in India, it is mandatory to obtain your IEC registration done. Once the IEC code renewal is obtained it holds the validity for the lifetime of the proprietor of the business or for the business. IEC registration code can be done online by visiting the Directorate General of Foreign Trade (DGFT) website.
Following Is The Step By Step Process Of IEC Registration:
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Answered by our experts
Business who wishes to get IEC can apply for it by submitting an application along with needed documents at Joint Director General of Foreign Trade
Import-Export code or IEC is not a tax registration; nevertheless, based on the product, the certain custom duty can be enforced.
With the use of IEC Registration, you can get various advantages from the DGFT, Customs, export promotion council, and so on.
Yes, it is mandatory to submit a PAN Card. You require to submit the self-attested copy of your PAN Card with the application.
No, the IEC is issued only to the address entered in the application..
You can modify/edit your application any number of times before it is submitted to the next page or department.