IMPORT EXPORT CODE
IEC Registration for ease of doing business of import export
What is Import Export Code?
To advance the business at a global level, the businesses have started growing their business in international markets, doing business globally attracts some compliances. International Transaction be it sell or purchase can’t be done without IEC (Importer Exporter Code).
IEC is applied with the DGFT (Directorate General of Foreign Trade), the process is completely online and the certificate which is issued on approval is valid for lifetime.
WHO IS EXEMPTED FROM IEC REGISTRATION?
- If you are doing Import or Export for personal use
- Ministry and Departments of Government whether Central or State and the charitable organizations which are notified
Lets go for the IMPORT EXPORT CODE
Registration
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Benefits of IMPORT EXPORT CODE
Taking IEC
- No need to renew every year
- Legal Records of all transactions
- Easy entrance in International Markets
- Lead to expansion in Business
Required Documents for IMPORT EXPORT CODE
DOCUMENTS REQUIRED
- PAN Card of the Applicant
- PAN card of every Director/Partner
- Address Proof of every Director/Partner/Proprietor
- Bank Certificate / Pre-printed Cancelled Cheque
- NOC incase the address proof is not in the name of Applicant
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Get answers to all your queries related to
IMPORT EXPORT CODE
No, one of the pre-requisites to make any Import or Export is having IEC Code.
Yes, the process for obtaining IEC is completely online.
Yes, due to changes in any details which were furnished earlier, modification in details of IEC needs to be done.
The IEC is pan linked registration, thus only one IEC will be issued against one PAN card.
No, only e copy is issued by DGFT hence the physical copy of the certificate will not be issued.
No, there is no need for renewal as it is valid for a life-time.
No there is no necessity to apply for every branch as IEC is PAN based Application.
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