Import Export Code
Import Export Code
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IEC stands for Import Export Code or Importer Exporter Code which is represented by a ten digit number issued by Director General of Foreign Trade (DGFT) Department of Commerce, Government of India. Obtaining this code is a legal requirement for bona fide companies or individuals who want to start a business of import and export in Indian Territory. For example, if you are exporting handloom from India to the United States, you won’t be able to do so without an IEC license.
IEC Code registration is possible online and has lifetime validity. The process for import export code registration is simple and just requires a few documents.
BENEFITS OF IEC REGISTRATION
|IEC Registration helps you to expand your business outside Indian borders and develop your organization further.|
|The Companies could benefit themselves in import-export business from the DGFT, Export Promotion Council, Customs, and so on, based on their IEC registration online.|
|Once you apply for IEC registration, no return filing is needed. Once you get your registration done, there is no further need to prove your legitimacy.There isn’t any prerequisite for documenting any profits with DGFT also. Hence, there is no requirement for filing of returns.|
|It is very easy to acquire IEC code from the DGFT. This requires a time of 10 to 15 days after applying. There is no need to give a proof of any fare or import for getting the IEC code.|
|IEC code is valid for a lifetime. After it is acquired, it can be used for a substance against all fare and import exchanges.|
A canceled cheque which states the applicant’s printed name or bank certificate.
Proof of address. You can include any of the following as proof of address:`.
5.Telephone Landline bill
6.MOU Partnership Deed
7.Aadhar Card only in case of Proprietor
In case the address proof is not in the name of the applicant firm,No Objection Certificate(NOC) by the firm premises owner in favor of the firm along with the address proof is to be submitted as a single PDF document.