How to Obtain IEC Registration in India
IEC stands for Import Export Code. The Import Export Code is one of the registrations required for the individuals exporting or importing the service or products from India. The Import Export Code is provided by the DGFT (directorate general of foreign trade). It has a different name like IE code, importer exporter code, import export license, IEC license, import export code, and others. The IEC Registration is important to take IC license to import or export the goods.
It is ten digit codes and issued by the DGFT for the product or service import-export transactions. This code can be taken by company name or personal name. The IEC number provided to the candidates and it is valid for all its factories, divisions, units or branches. The candidates do not want to renew the IEC cost. This code is valid for life span so you can export and import the products without any trouble.
Procedure for IE Code Registration
Are you looking for IEC Registration procedure? Well, you are at the correct destination. Here you can get a simple procedure to register the IE code.
- First, you should fill the IE code application form online
- Then enter the details of the business, partner, bank certificate, director and others.
- You should submit the application form with the required document and digital signature.
- Once you have filled the application you should pay the application fee to the government.
- The IE code department sends back the application form for change or correct. The individual wants to reply back to the DGFT.
- The department will provide the IE code within the few days. The IE code comes in both the hard and soft copy.
Reason why should you register IEC
Today, most of the people are applying for IEC license to sell or transport the product from India. This license is important to start the import/export business. There are lots of reasons for registering the IE code such as no return filling, the importer needs IE code, business growth, lifetime validity, no return filing, and others.
Improve business growth – one of the major reasons for registering the IE code is improving business growth. You can take the goods and service to the international market that enhances the businesses. It allows you to sell the products across the world.
Lifetime durability – The users need not renew the IE code frequently. It has lifetime validity. So you can concentrate on business activities. You can use this code lifelong without any hassle.
Person can have IE license – The individuals who need to start the import business they can apply for IE code in their name. Within a few days, they can get the IE license on their name and start the import export business.
No Return Filing – The IEC license does not need filing of return. It is provided by the DGFT and there is no further process required to continue IEC validity. This code has lifetime validity.
