Import Export Code
Import Export Code
mport Export code registration with LEDGERS accounting software.
About this item
- IE Code
Who We Are
At Tax Zone India, we provide Import Export Code (IEC) registration services that are reliable and cost-effective. We are dedicated to helping you throughout the process, from gathering the necessary documents to submitting your application, all at a price that is competitive and reasonable compared to the market. We appreciate your feedback, whether it’s positive or negative, and use it to improve our service. There is no other concern like us to give you the best service possible.
Documents requires
- PAN Card
- Aadhaar Card
- Incorporation Certificate
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Import Export Code (IEC)
Import Export Code (IEC) is a 10-digit unique code issued by the Directorate General of Foreign Trade (DGFT) to Indian businesses or companies that wish to engage in international trade. The IEC code is mandatory for any person or entity that wants to import or export goods or services from India to other countries. The code is issued under the provisions of the Foreign Trade Policy (FTP) of India and is valid for the lifetime of the entity. In this article, we will discuss the various aspects of the Import Export Code (IEC).
Importance of IEC:
The Import Export Code is mandatory for any person or entity that wishes to import or export goods or services from India. Without the IEC, businesses cannot take advantage of the opportunities that international trade presents. The IEC also helps in tracking the export and import of goods, which is crucial for the country’s foreign trade policy.
Documents required for IEC registration:
To obtain an IEC code, the following documents are required:
- PAN Card of the Business or Company
- Bank Account Details
- Identity Proof of Proprietor/Partners/Directors
- Address Proof of Business or Company
- Digital Signature Certificate
Procedure for IEC registration:
The procedure for obtaining an IEC code is as follows:
- Submit the application form online at the DGFT website
- Pay the IEC application fee
- Submit the required documents along with the application form
- Once the application is processed, the IEC code is issued
Benefits of IEC:
Facilitates international trade: The IEC is mandatory for businesses or companies that wish to engage in international trade. It is a unique identification number that helps track the export and import of goods, thereby facilitating international trade.
Avail benefits under government schemes: Businesses or companies with an IEC code can avail various benefits under government schemes such as the Merchandise Exports from India Scheme (MEIS), Service Exports from India Scheme (SEIS), and Export Promotion Capital Goods Scheme (EPCG).
Easy to obtain: The process of obtaining an IEC code is simple and can be completed online. The code is issued within a few days of submitting the application form.
No need to file returns: Unlike other registration processes such as GST registration, IEC code registration does not require any filing of returns. Once the code is issued, it is valid for the lifetime of the entity.
Facilitates easy opening of bank accounts: Banks require an IEC code to open a current account for businesses or companies engaged in international trade. The IEC code helps banks verify the credentials of the business or company.
The Import Export Code is an essential requirement for businesses or companies that wish to engage in international trade. It is a unique identification number that helps track the export and import of goods and facilitates international trade. The process of obtaining an IEC code is simple and can be completed online. Businesses or companies with an IEC code can avail various benefits under government schemes and can open current accounts with banks engaged in international trade.