All business enterprises engaged in import and export of goods must obtain an Import Export Code (IEC). It is a prerequisite for anyone thinking of establishing an import/export business in the country.
All businesses engaged in import and export of goods must have an Import and Export Code (IEC). Without this code, you cannot do any import or export activities. It is not mandatory that only registered companies can apply for this 10-digit code issued by the Directorate General of Foreign Trade (DGFT); even individuals can also do it. IEC is required when an importer has to clear his shipments from the customs, and send money abroad through banks. Likewise, an exporter needs to produce it when he needs to clear his shipments from the customs, and when he receives money in foreign currency directly into his bank account.
The IEC, once issued, is valid in all your branches or factories throughout the county. It needs to be quoted while your goods go through customs and while you are sending money abroad or receiving money from abroad.
Once you have the IEC with you, you can begin importing and exporting. You don't need to file the transactions done under this code or pay any taxes.
You need to prepare the required documents with respect to your identity & legal entity and address proof with your bank details & the certificate in respect of ANF2A.
We will help you prepare an application form in the specified format – Aayaat Niryaat form no. 2A format and file it with the respective Regional office of DGFT.
One your application is completed, you need to file with DGFT via DSC (Digital Signature Certificate) and pay the required fee for the IEC Registration.
Once your application is approved, you would receive the IEC Code in a soft copy from the government.
If the documents are not in order or the inspector asks for additional documents, the registration process will be completed as soon as you submit them. You will receive the IEC code at this time.
With IEC, you can take your services or product to the international market and expand your businesses.
IEC enables you to avail several benefits from the DGFT, Export Promotion Council, Customs, etc.
IEC does not necessitate filing of any returns with DGFT or follow any sort of processes for sustaining its validity.
We will get you IEC code from the DGFT within a period of 10 to 15 days after submitting the application.
IEC code is valid for life and does not require renewal. After you obtain it, you can use it in all export and import transactions.
We've tied-up with some of the best vendors in major cities of the country to get you your Import-Export Code. We've completed hundreds of IEC registrations so far.
We make your interaction with the government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Our team of experienced business advisors will address all your queries about the process. We'll try to see that your doubts are cleared in totality.
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