Import Export Code (IEC)
Register for international trade transactions.
Here's a draft in points for Importer Exporter Code (IEC) Registration Online:
Introduction to IEC Code:
ü Essential for import/export activities, issued by DGFT.
ü Facilitates customs clearance and international payments.
IEC Registration with IndiaFilings:
ü Simplifies obtaining IEC certificate and import-export license.
ü Ensures readiness for global trade opportunities.
Importance of IEC:
ü Enables access to global markets and smoother international transactions.
ü Mandatory for customs clearance and avoiding demurrage charges.
Advantages of IEC:
ü Online application process with minimal document submission.
ü Lifetime validity; no renewal required unless revoked.
ü Reduces illegal goods transportation, enhances compliance.
Nature of Firm Eligibility:
ü Suitable for various entities: Proprietorship, Partnership, LLP, Company, etc.
Prerequisites for Applying:
ü Valid PAN and active bank account in firm's name.
ü Verification with Income Tax Department for accuracy.
Documents Required:
ü Proof of establishment/incorporation.
ü Proof of address (various options listed).
ü Proof of firm's bank account and DSC/Aadhaar of firm member.
IndiaFilings Services:
ü Information and guidance on IEC application.
ü Preparation and submission of application with DGFT.
ü Tracking application progress and ensuring timely delivery of IEC certificate.
FAQs:
ü Covers essential queries: importance, tax implications, eligibility, validity, and more.