IEC REGISTRATION
Get IEC registrations from anywhere in India. It is an ideal for businesses planning to trade in and out of India. Submit the required documents and we will assist you with the whole registration process.
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IMPORT EXPORT CODE
It shows that you have a licenses and permissions from Government in order to start Importing or Exporting. You can understand it as a Passport is mandatory for traveling abroad, similarly an IEC Code is mandatory to Export or Import anything from/into India. IEC Certificate is issued by Directorate General of Foreign Trade (DGFT) which comes under Ministry of Commerce and Industry, Government of India. The main objective of DGFT is regulating and promoting Exports from India.
IMPORT EXPORT CODE REGISTRATION:- An Importer Exporter Code is a unique 10-digit code, which is required for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.
IMPORT EXPORT CODE REGISTRATION:- An Importer Exporter Code is a unique 10-digit code, which is required for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.
Benefits of IEC
• The IEC registration helps traders open the doors to venture into the global market, including registration in online e-commerce operators.
• Businesses can avail government schemes like Merchandise Export from India Scheme (MEIS), Service Export from India Scheme (SEIS) and others from Customs and Export Promotion
• No compliance requirements pos registration and hence maintaining the business is relatively simple
• The process of obtaining IEC is not tedious and can be obtained with minimal, basic documents.
• Businesses can avail government schemes like Merchandise Export from India Scheme (MEIS), Service Export from India Scheme (SEIS) and others from Customs and Export Promotion
• No compliance requirements pos registration and hence maintaining the business is relatively simple
• The process of obtaining IEC is not tedious and can be obtained with minimal, basic documents.
Eligibility for IEC
Any type of business registration: Sole Proprietorship, Partnership, Private Limited and Charitable organization dealing with the export and import of goods should register for Importer Exporter Goods.
Any type of business registration: sole proprietorship, partnership, private limited companies, charitable organizations dealing with import and exports of goods can register for import-export code, irrespective of the size. However, IEC code is not required for Import/export of goods for personal use, which is not connected with trade, manufacture or agriculture. There is no need for a business set up.