IEC REGISTRATION
GET IEC REGISTRATIONS AND EXPAND YOUR BUSINESS TO INTERNATIONAL MARKETS
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IMPORT EXPORT CODE (IEC) REGISTRATION
The Importer Exporter Code (IEC) is a mandatory identification number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce. This unique code enables Indian businesses to engage in international trade. Whether you're importing goods, exporting products, or exploring global markets, the IEC acts as a gateway for smooth and efficient international transactions.
For importers, the IEC streamlines customs clearance and facilitates payments through foreign banks. Exporters benefit from a more efficient process for dispatching shipments and receiving payments from overseas. Securing an IEC is the first crucial step towards unlocking global business opportunities and expanding your enterprise internationally.
Advantages Of IEC Registration
Global Market Access: IEC opens the door to international trade, allowing businesses to seamlessly import and export products and services.
Simplified Online Process: The registration process is fully digital, requiring minimal documentation for ease and convenience.
Minimal Documentation: Only a few essential documents are needed to complete the IEC registration.
Lifetime Validity: Once obtained, IEC remains valid for the lifetime of the business, eliminating the need for renewals.
Prevents Illegal Activities: The requirement for accurate information during registration helps prevent the illegal movement of goods.
Government Benefits: Registered entities can avail of various incentives, including subsidies, tax refunds, and export-related benefits from customs and export councils.
No Ongoing Compliance: IEC does not require regular filings or annual compliance, reducing the administrative burden on businesses.
Documents Required For IEC Registration
Proof of Establishment/Incorporation/Registration
Partnership: Partnership deed
Registered Society: Registration certificate
Trust: Trust deed
HUF: HUF registration certificate
Others: Relevant establishment or incorporation documents
Proof of Address (any one of the following):
Sale deed
Rent agreement
Lease deed
Electricity bill
Telephone landline bill
Post-paid mobile bill
Memorandum of Understanding (MoU)
Partnership deed
Additional Documents for Proprietorship (any one):
Aadhaar card
Passport
Voter ID
Minimum Prerequisites for IEC Registration
Valid DGFT Login Credentials: Applicants must have registered on the DGFT portal and possess valid login credentials.
Type of Firm: IEC can be applied for various types of firms, including Proprietorships, Partnerships, LLPs, Limited Companies, Trusts, HUFs, or Societies.
Active PAN: The firm must have an active Permanent Account Number (PAN) with details (Name, Date of Birth/Incorporation) matching the PAN records.
Bank Account: A valid and active bank account in the firm’s name is required.
Valid Address: The firm must have a legitimate, verifiable address before applying for IEC registration.
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