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Import Export code registration.
About this item :
Market Price | : |
IGLI FINANCIAL | : ₹1694 excl.GST |
: ₹1999 incl.GST | |
GST Credit | : ₹305 |
You Save | : ₹2305(58%) |
Government Fee | : Including |
On importing or exporting from India, an IEC (Import Export Code) licence is one of the requirements, and Importer-Exporter Code is another name. Anyone who wishes to form an import/export business in the country will require an IEC (Import Export Code) issued by the Director-General of Foreign Trade (DGFT). An IEC is a lifetime valid 10-digit code. As mentioned before, importers merchants cannot import products without an Import Export Code, and exporters’ merchants cannot use DGFT incentives such as the export plan, etc., without an IEC.
The Import Export Code (IEC) can help you take your services or products to a global market and expand your business.
Based on their IEC registration, the companies could receive many incentives for their imports/exports from the DGFT, Export Promotion Council, Customs, etc.
The IEC does not need any returns to be filed. Also, it is not necessary to follow any form of a protocol to maintain its validity once it has been assigned. There is no need to file any returns with the DGFT for export trades.
It’s easy to get an IEC code from the DGFT within 10 to 15 days of applying. Proof of an export or import is not necessary to obtain an IEC code.
As per the government’s most recent issue, IEC is not asked for all GST-registered merchants. The trader’s PAN will be considered as a new IEC code for import and export purposes in all of these circumstances. If the exported or imported products are for personal use and not commercial purposes, an Import Export Code (IEC) is not required. Notified Charitable Institutions do not need an Import Export Code for export/import done by Government of India Departments and Ministries.
Following are the documents needed for registration of the IEC Code:
Yes. An Importer-Exporter Code (IEC) is a unique business identification number used when importing or exporting goods to or from India. Unless specifically exempted, a person or corporation cannot ship or import without obtaining an IEC. However, unless the service provider receives incentives under the Foreign Trade Policy, IEC is not required for service exports.
IEC will be generated automatically after the online application is filed with the required payments and papers. The DGFT will send an SMS and e-mail to an applicant informing them of their IEC allotment, along with a link to download and print the e-IEC.
Individuals acting as business proprietors can seek IEC registration. Individuals can apply for IEC registration using their name or the name of their firm.
You can print your IEC certificate by following the steps below: Visit the DGFT’s website for further information. On the homepage, select the ‘Services’ tab. From the drop-down menu, choose ‘IEC Profile Management.’ A new window will appear. On the page, select the ‘Print IEC’ option. After you’ve double-checked your information, click the ‘Print IEC’ button.
Yes. The IEC profile must be updated at least once a year, and the IEC profile will be deactivated if it is not updated. After a successful update, a deactivated IEC can be reactivated. However, reactivation is subject to the condition that no other action be taken in the event of a violation of any Foreign Trade Policy restrictions.
It is unnecessary to have a Digital Signature Certificate (DSC) to apply for an IEC. Aadhaar authentication can be used to sign the IEC application. DSC was implemented at the IEC to improve the issuance and modification processes.
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