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Export Import Code Registration
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Import Export Code (IEC) Registration in Delhi India through CS Filing Online Pvt. Ltd.
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Import Export Code (IEC) registration is mandatory for organizations involved in buying and selling goods and services from India to abroad. As the name depicts, Import Export Code (IEC) Registration means it is compulsory for importers and exporters to obtain Import Export Code to perform exporting and importing goods from/in India.
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Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industries allot 10 Digit code and Import Export License Certificate to the Indian export and import organizations. Ministry of Commerce and Industry is a legal authority for the drafting and regulating commercial schemes, license allotment, and administrating guidelines for import and export organizations.
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If any importer or exporter doesn’t have IEC, they don’t have permission to business in India’s import and export domain; thus, it is an obligatory license for them. The Reserve Bank Of India declared it essential for all enterprises to provide IE Code at the time of transferring and receiving any payment from foreign countries. Even if any shipment arrives from abroad needs Custom Department clearance approval, and they will only approve when you have a valid IE Code.
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The most delicate thing about Import Export Code (IEC) is that when it is allotted by the DGFT department of the Indian Government, it comes with lifetime validity, which means you don’t have to renew your IE code yearly or whatsoever. Once enterprises get IEC, then they are allowed to conduct import and export activities without any obstacles.
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When is IE Code Needed?
In case you want to start your import and export business, you mandatorily need Import and Export code. Without IE code, you cannot make import and export trade.
Shipment from abroad needs clearance and approval from Custom Department. And the department will clear after checking your IE Code.
Enterprises with IEC have various benefits such as concession from the custom department, Export Promotion Council on their Import-Export, and different rebates from DGFT.
If an exporter gets funds in the form of abroad currency straight into the bank account, the bank will ask for the Import Export Code.
In case an importer wants to transfer money overseas from his bank account, the bank will need IEC.
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QUERY NOW
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Numerous Advantages of IEC Registration:
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It helps in spreading business internationally: IEC registration facilitates the expansion and reaches of your business globally. It also supports you to improve your business connection to the world by making a credible platform for your product and services.
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No need to file returns: Import Export Code doesn’t require performing Returns Filing to the DGFT department. The registration doesn’t need any maintenance. There is no requirement to return filing, whether you are active in import and export or inactive.
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Act as a government proof: IEC also recognizes as proof of Government for business or firms name when you require providing any documents such as to open a current bank account.
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No expiration / validity of lifetime: Once the DGFT department allots IEC to any import and export organization, there is a clause of renewing the code because it comes with lifetime validity. Organization can operate their business once they get IEC without any trouble.
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Simple processing: IEC code issuance through the DGFT only takes 24-48 hours after documents and application submission.
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Essential Documents needed for IEC Registration online
Two latest passport-size colored photos of the Director/ promoter/owner of the company
PAN Card of every stakeholder and directors
ID proofs including Passport, Driving License, Voter ID, Aadhar Card
Registered office address proof
Address proof such as utility bills (water, telephone, electricity) and bank statement
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What Sets CSFiling Online Ltd as a Trustworthy Platform to Get IEC registration online?
Interact with our experts and tell them your requirements.
We provide free of charge advice and consultation on IEC and other license and business registration in India.
Here you will get all IEC Services under one roof.
The filing of the application takes only 1-2 days.
We have experts from different industries who can help you with any requirements, such as accountants, legal experts, company registration experts, financial advisors, etc.
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The Standard Process Of Getting An IEC certificate
Select the needed services
Provide information in the IEC application form
Upload vital documents needed for IEC registration
Make processing payment to the executive.
We will process the application to the DGFT department.
Once we get information on the IEC certificate, we will send it through email and courier.
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