What is Benefits of Import Export Code Registration?

by Martin Kemp service

At current time, everybody is looking forward to expand their business no matter its domestic or international level. If you are thinking to expand your business outside India then it is not as easy as you are thinking. You have to follow a some policy and laws before going worldwide to get your benefits its require to get IE Code Registration online (Import Export Code) & license. Import Export Code is mandatory by every individual who is thinking to start his Import Export Business. IE Code is issued by the DGFT (Director General of Foreign Trade) Department of Commerce. Import Export Code has 10-digit unique code which has lifetime validity. No one can import goods or services without the Import Export Code and comparatively, the exporter vendor cannot get benefit by DGFT for the export without IEC code.

Benefits of IE Code Registration

Development of Business: Import Export Code Registration helps you to expand your business to the worldwide platform and also helps you to develop your organizations as per your expectations.

Avail several benefits: The business organizations could benefit themselves of their imports exports from the DGFT department, Export Promotion Council, Customs, and so on, based on their IEC Registration Online.

Not required Filling of returns:  Once you obtain IE Code there is no need to filing return. Once you get your online IEC registration done, there is no need to follow any prerequisite or any kind of procedures for supporting its validity and also there is not any requirement for documenting any profits with DGFT.

Simple Processing:  We must say it is genuinely very simple to gain online IE Code registration from the DGFT within a time period of 24 hours succeeding after submitting the application to DGFT department. There is no need to show a proof of any fare or import for getting IEC code.

No requirement for renewal: -  IE Code is issued with the lifetime validity and also needs no reestablishment.  After getting IE Code it could be used as a substance against all the fare and import exchanges.

Where Import Export Code Is Not Mandatory?

As indicated by the most current circular issued by the Indian government, IEC registration is not mandatory for all business man who is registered their business under GST. In each single case, the PAN of the business person will be referred to as the new IEC code for the importer-exporter of goods and services. In other case Import Export Code (IEC) is not essential if the goods or services that sent out or imported is for individual purpose but remember it should not used for any business reason. The government of India, Departments, and Ministries not necessary to getting Import Export Code for Notified Charitable organizations. In case that you are thinking to expand your business on the international market then you can contact our experts anytime who are having years of experience. We know all the procedure you have to go through.

Documents Required For Import Export Code Registration

• PAN Card (Proprietor/Partner/Director)
• Aadhaar Card(Proprietor/Partner/Director)
• Cancelled Cheque of Current Account (Firm/Company Name Printed)
• Electricity Bill (If Company/Partnership Firm)
• Email id and Mobile Number
• Firm/Company Address
• Branch Address (If any)
• All Director/Partner Pan Card and Aadhaar Card (If Company/Partnership Firm)
• All Director/Partner Email id and Mobile No (If Company/Partnership Firm)

  For more info: Proprietorship Firm Registration

We at FilingBuzz Consultants Private Limited are dedicated to providing you a reliable help and support if you want any sort of help in applying for IE Code Registration.

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Created on Apr 22nd 2019 20:05. Viewed 455 times.

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