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Import Export Code or IEC Code

Are you looking to expand your business internationally? If so, you will need to obtain an Import Export Code (IEC) or commonly known as IEC Code. This code is a unique 10-digit number issued by the Directorate General of Foreign Trade and is required for anyone looking to engage in import or export activities.

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    Fees & Documents for Import Export Code

    Pricing Summary

    ₹1999 ₹ 1499 + Govt fee 500
    • Application Filing for IEC Code
    • Issuance of IEC Code within 1 day
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    Documents Required For Import Export Code

    • Business Registration Certificate - if any
    • GST Registration Certificate - if any
    • Applicant Pan card
    • Applicant Adhaar card
    • Applicant Passport Size photograph
    • Rent Agreement - if Rented
    • Electricity Bill

    Import Export Code (IEC): Overview

    In today’s global economy, businesses are increasingly looking beyond their national borders to expand and tap into new markets. For businesses in India, engaging in international trade requires obtaining an Import Export Code (IEC). Whether you’re exporting goods and services or importing raw materials, an IEC code is essential for legally conducting cross-border trade. This article will guide you through everything you need to know about the IEC, including why it’s important and how you can register for it easily through SetupFiling.in.

    What is IEC (Import Export Code)?

    IEC is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, Government of India. It is mandatory for businesses to obtain this code if they wish to engage in the import or export of goods or services from India. Without an IEC, companies cannot clear shipments or receive payments from international clients.

    Why Do You Need an IEC Code?

    Having an IEC code is essential for a variety of reasons. Firstly, it is a legal requirement under the Foreign Trade Policy of India. Without an IEC, you will not be able to import or export any goods from the country. Additionally, having an IEC makes it easier to avail of various benefits such as customs clearance, opening a foreign currency account, and availing of export incentives.

    import export code, IEC Code

    Benefits of Having an Import Export Code or IEC Code

    Having an IEC code offers a plethora of benefits for businesses engaged in import and export activities. Some of the key advantages include:

    1. Global Expansion: With an IEC code, you can easily expand your business globally by engaging in import and export transactions.
    2. Access to Government Benefits: Having an IEC code allows you to avail of various government benefits such as customs duty exemptions and export incentives.
    3. Enhanced Credibility: Possessing an IEC code enhances your credibility in the international market, making it easier to establish trust with overseas clients and suppliers.

    In conclusion, obtaining an Import Export Code (IEC) is crucial for businesses looking to engage in import and export activities. The process of applying for an IEC code is simple, and the benefits it offers are immense. So, if you are planning to take your business to the global stage, make sure to get your IEC code today and unlock a world of opportunities!

    How to Register for Import Export Code ?

    The process of obtaining an IEC can seem daunting for first-timers, but with SetupFiling.in, it’s a smooth and hassle-free experience. Here’s how it works:

    1. Fill Out the Application: Start by filling out a simple online application form with your business and personal details.
    2. Upload Documents: Once the form is completed, upload the required documents to verify your credentials.
    3. Review and Payment: Our team will review your application to ensure all information is accurate and compliant. After this, pay the necessary government fees and our service charge.
    4. Application Submission: We will then submit your application to the DGFT for processing.
    5. Receive IEC Code: After the successful processing of your application, your IEC code will be emailed to you within 2-3 working days
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    Apply Now For IEC Code Apply for your IEC registration today and start importing and exporting goods from India with ease

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    FAQs on Import Export Code Registration

    1. Is an IEC code necessary for service exporters?

    Yes, service exporters also need an IEC code if they are receiving payment in foreign currency or are involved in cross-border contracts.

    2. Can I modify my IEC details after registration?

    Yes, details like business address and name can be updated in the IEC by filing an amendment application with the DGFT.

    3. Do I need an IEC for imports/exports for personal use?

    No, an IEC is not required if the goods are imported/exported for personal use, and not for business or commercial purposes.

     

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