IMPORT EXPORT CODE - APPLY IEC REGISTRATION

Are you Looking for the Import export code or IEC code registration for your Business then this App helps you to obtain necessary Import export code or IEC code registration for your startup or business .

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What is Importer -Exporter Code (IEC) ?

The person dealing in the business of Import and Export of goods and services are required to obtain IEC registration in India. Once the procedure of IEC registration completes, a 10-digit unique code is issued to the individual by the Directorate General of Foreign Trade (DGFT)[1]. Import Export Code registration helps in the upliftment of the business. IEC is issued by the authority once and used by the business owner throughout the existence of the entity.

Advantages of IEC Registration

IEC registration is best for the people doing business of Import and Export and is willing to open the opportunities for International Market. IEC Registration helps in capturing the International Market and also in uplifting the standard of business entity.

The Advantages are-

1)Capturing the International Market – Import Export Code registration is required for import and export business; it allows the individual to capture the international market, which, as a result, enhances the business standard and takes it forward.

2)Acts as a Primary document to start an international dealing – Import-Export Code Registration acts as a primary document to start international dealing.

3)Enhances the standard of business – By promoting the global reach, IEC registration helps in maintaining the business relations and in enhancing the quality of business.

4)Lifetime validity of the IEC registration – The validity of IEC registration is for a lifetime and remains with the business owner until the existence of the business. Additionally, the renewal of registration is not even required.

5)Restricts the dealing in illegal Goods – An authentic and accurate information is required to obtain an IEC Registration. IEC registration cannot be issued by the department without providing full authentic information which, as a result, restricts the illegal dealing of goods.

6)IEC Registration provides certain benefits – Import Export Code Registration provides certain benefits to the companies who have obtained an Import Export Code for their business from DGFT customs, and Export Promotion council, etc. Adding to that, companies can also claim the refund of taxes paid while exporting the goods.