Importer Exporter Code (IEC Code) Registration Online
International trade is a gateway to a world of opportunities for businesses in India. Whether you're looking to import goods, export products, or expand your business globally, having an Importer Exporter Code (IEC) is your key to entering the international market.
This code is issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce. For importers, the IEC is indispensable for the clearance of customs and facilitating payments to foreign banks, ensuring smooth international trade transactions.
Import Export Code (IE Code)
Import & Export Code is to be obtained by the business entity for import into or export from India. Import & Export Code is popularly known as the IEC number. Import & Export Code is a ten-digit unique number issued by the Directorate General of Foreign Trade (DGFT).
Importance of Import Export Code
As the IE Code is a requirement for the import and export business, they allow the products to reach the global market.
The process to find the IE Code is entirely online and hassle-free with short document submission.
It is not required to submit many documents to obtain an IEC.
Nature of the Firm obtaining an IEC
Documents Required
The list of scanned documents required for IEC Registration and obtaining an IEC certificate is listed as follows:
- Proof of establishment/incorporation/registration
- Proof of Address
- Other acceptable documents (for proprietorship only)
- Reduces illegal goods transportation:
- Compliances:
Advantages
The most basic requirement for the Import-Export code is that you need to provide authentic information. Without giving proper information, IE code cannot be obtained. This criterion makes the transportation of illegal goods impossible.
Advantages
Unlike other tax registration, the person carrying import or export does not require to fulfill any specific compliance requirements such as the annual filing or the return filings.