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Increasing trade across the world has created a need for some management laws to keep the dealings smooth, organized and under control. It brought the registration of import and export into a scenario. This gave the import-export business a broader area to expand and flourish. This all resulted in expanding businesses through the number of increase in clientele and trade volumes among various countries.
What is IEC Code?
IE Code is a must for every business dealing with export and import of goods. Now it's a 10 character alphanumeric code issued by Directorate general if foreign trade (DGFT).
IE Code has lifetime validity.
Uses of IE Code
• Provides benefits in terms of subsidies or other benefits declared by customs.
• Required by importers at the time of clearing shipments.
• Required by banks when importers send money abroad.
• Required by exporters while sending his shipments
• Required by the bank when an exporter received money in foreign currency.
Import Export Code (IEC) is a registration required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IE Codes when issued can be used by the entity throughout its existence and doesn't require any renewal or filing. Therefore, it is recommended for most organizations to obtain IE Code, irrespective of if they need it at the moment.
Every business involved in export and import of goods requires Import Export code registration. It is a ten digit code issued by Directorate General of Foreign Trade (DGFT). It helps exporters to avail benefits from DGFT, customs, Export Promotion Council. Importers cannot proceed without this code.
IE Code registration can be done successfully at Registration Filing.
We have special packages that includes:
• Drafting Documents
• Online Application Filing
• Upload Related Documents
• Download Review Copy
The registration process takes around 1-3 days to get the license done.
IEC process / procedure,
IEC eligibility,
IEC benefits for entrepreneurs,
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IEC status online,
IEC schemes,
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IEC application form,
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IEC amendment / changes,
and updation / renewal / migration.
(Included in Our Package)
1. Document list for IEC
2. IEC Draft acknowledgement
3. IEC certificate
4. IEC advantages and disadvantages.
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