#IECForm

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Benefits of IEC Registration 

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Benefits of IEC Registration 

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IEC Required in the following situations

If the Organizations or firms plans to do any import/export activities then it is mandatory. Without IEC, the Organizations or firms cannot perform any import/export activities.

Organizations or firms can take different advantages and or / subsidies from DGFT, Customs, and Export Promotion Council on their Import Export.

To clear or send his shipments from the customs then it is needed by the customs authorities or customs port.

An importer plans to sends money outside India through his banks then it is needed by the bank.

An exporter receives money in foreign currency directly into his bank account then it is required by the bank.

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IEC Registration |IE Code |Import Export Code Registration |IEC Online Application.

Apply online for Import Export Code (IEC) registration. IEC is required for Cross-selling of Goods and/or Services from India (Outside the Domestic Boundaries). It is mandatory for all Importers / Exporters to mention their Import Export Code while Importing / Exporting Goods and/or Services from / in India. Benefits: To Expand Business Globally, Lifetime Validity, No Returns Filing.

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Import Export Code (IEC) once issued can be used by the entity throughout its existence and do not require any renewal or filing. Once the company obtained IEC then the company can perform all their import export requirements without any issues.

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It is a mandatory license for every commercial importer or exporter. Without this code no business can be performed in the import export category or to take the benefits provided by the government on this Sector. Additionally, the Reserve Bank of India (RBI) has made it mandatory for all the traders to mention their IE Code, while making any payment transfer/ sending money abroad. Customs Department also seek IE code before clearing the shipment from overseas.

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Import Export Code (IEC) registration is required for Cross-selling of Goods and/or Services from India (Outside the Domestic Boundaries). It is mandatory for all Importers / Exporters to mention their Import Export Code while Importing / Exporting Goods and/or Services from / in India. IEC is a 10 digit Code and Import Export License Certificate issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India to Indian Companies. The task of regulating foreign trade in India is managed by the DGFT. Part of the larger Ministry of Commerce and Industry, the governmental body is responsible for the formulation of trading policies, regulatory framework and issuance of licenses.