Everything You Need To Know About Import Export Code
In today’s day and age, going global to expand your business, gives you cutting-edge. But before you enter international waters, you’ll have to follow a few procedures and laws, and Import-Export Code Registration is one such prerequisite.
As the name suggests, it is for those who want to import or export something from India. It is a unique 10-digit code, issued by the DGFT (Director General of Foreign Trade.) It’s a permanent registration with a lifetime validity and is mandatory for import-export trading.
What are the benefits of IEC Registration?
∙ Expansion and growth of your business
∙ Export subsidies
∙ No filing of returns
∙ Lifetime validity
∙ Avail several benefits from the DGFT, Export Promotion Council, Customs, etc.
How can you register for IEC?
Your IEC will be generated once you submit the necessary supporting documents to the DGFT.
You’ll then have to prepare the application form in a pre-set format.
Submit the form, the documents, and pay the required fee for the registration.
Finally, when your application is approved, you’ll receive your 10-digit IEC within 15-20 working days.
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