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
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Application Filing for IEC Code
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Issuance of IEC Code within 1 day
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
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Import Export Code (IEC): Overview
Import Export Code, commonly known as IEC Code, is a 10-digit unique identification number issued by the Directorate General of Foreign Trade (DGFT). This code is mandatory for businesses or individuals looking to engage in import or export activities in India. In this article, we will delve deeper into the significance of IEC Code, its application process, and the benefits it offers to businesses.
What is an Import Export Code (IEC) Code?
An Import Export Code (IEC) is a mandatory requirement for businesses engaged in import and export activities. It is a unique code issued by the DGFT that helps in tracking international trade transactions. Whether you are a small business owner or a large corporation, obtaining an IEC is crucial for carrying out any import or export operations.Â
This code is a unique 10-digit number issued by the Directorate General of Foreign Trade (DGFT) and is required for anyone looking to engage in import or export activities.
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.
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:
- Global Expansion: With an IEC code, you can easily expand your business globally by engaging in import and export transactions.
- Access to Government Benefits: Having an IEC code allows you to avail of various government benefits such as customs duty exemptions and export incentives.
- 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!