What is Import Export Code?
Import Export Code (IEC) is required by a person who’s want to start import export business in india. IEC Code is issued by the Director general of foreign trade(DGFT). its a 10 digit code with a lifetime validity. Mostly importers merchant can’t import any goods without the IEC Code and exporter merchant can’t avail the benefits from the DGFT Department for the export scheme etc.
Import Export Code is required in following situation :
a) When importers have to clear the shipments from the customs then it’s required by the customs.
b) When importers send the money to abroad via banks then it’s required by the banks through SWIFT Code.
c) When exporters have to send the shipments then its required by the customs port.
d) When exporters received the money in foreign currency directly into the bank then its needed by the banks.
We are going to help with the IEC registration process without much hassle.
IEC Registration Fee
IEC REGISTRATION FEE
INCLUDES GOVERNMENT FEE
Documents Needed
₹1000
- Individual Person
- Personal or Company or Firm Pan Card Copy
- Personal aadhar card or voter id or passport copy.
- Personal or company or firm current bank account cancel cheque copy.
- Electricity Bill Copy or Rent Agreement or Sale deed of the premise copy.
Features of the Import Export Code(IEC) Registration
International Exposure : IEC Code helps you to grow your business from local market to international market and expand your product or service across the global.
Government Benefits : Govt of India always promote the export activity in india so through IEC Code Registration you can avail all the export scheme benefits from DGFT, Customs and Export Promotion Council.
No Renewals : IEC Code issued by the DGFT for the lifetime validity so you have not required renew every year so its a just one time cost of the registration.
No Annual Compliance : IEC Code have no annual compliance like returns filings etc. Even you have not show anywhere the transactions.
Individual person : IEC Code can be obtain by the individual person also, they have not required to register the legal entity