IEC| how to apply import-export code | Registration Services 2020
IEC code is expected for selling and purchasing of items outside the nation of origin. IEC is a 10 digit number that is conceded by the Chief General of Unfamiliar Exchange (DGFT). India’s import and product approaches are represented by Unfamiliar Exchange (Advancement and Guideline) of 1992 and Commodity and Import Strategy (EXIM)
IEC code is expected to import-trade labor and products from India. This code is substantial forever and it is the initial step prior to doing import and commodity business IEC is compulsory for shippers to clear traditions and shipment and to move cash to unfamiliar banks In much the same way, exporters require IEC to send shipments and get cash from unfamiliar banks. To put it plainly, no shipper/exporter can work in India without getting the import and product permit
GET A QUOTE
Benefits of Import and Export license registration
- No compulsory yearly return documenting IEC doesn’t need the recording of any return. Whenever you have applied for the enrollment there is compelling reason need to record a yearly return.
- Development of Business This permit is essential for the extension of your, business. IEC helps you in taking your administrations or items to the worldwide market and develop your organizations. An individual seeing import and product permit can offer made merchandise to the clients abroad
- Simple Handling It is an extremely straightforward method to get IEC code enrollment from the DGFT inside a time of 10 to 15 days in the wake of presenting the application. A solitary individual can likewise apply for IEC (import and product code).
- No requirement for recharging IEC is a long-lasting permit which implies. that it is legitimate for a lifetime. When apportioned there is no requirement for any sort of reestablishment
Documents required for IEC code registration
PAN card of the applicant
Address proof of business premises
Electricity bills
Details of Directors/partners
A digital signature of the applicant
Canceled cheque
Copy of bank account
Passport size photograph
Let's Clear All the Doubts !
IE represents the Import and Commodity code. It is a 10 digit number which is expected to partake in the global market.