IMPORT EXPORT CODE (IEC)
WHAT IS IMPORT EXPORT CODE (IEC)?
Import Export Code (IEC) is a 10-digit code that is issued by the Directorate General of Foreign Trade (DGFT) to Indian companies or individuals who intend to engage in import or export of goods and services. The IEC is mandatory for any individual or company that wants to engage in import or export activities. Importers cannot do trade of goods without the Import Export Code and while Exporters cannot avail benefits from DGFT without this code.
WHY IS IT REQUIRED?
IEC is required in the following situations :
1. When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
2. When an importer sends money abroad through banks then it’s needed by the bank.
3. When an exporter has to send his shipments then its needed by the customs port.
4. When an exporter receives money in foreign currency directly into his bank account then its required by the bank.
DOCUMENTS REQUIRED
- Individual’s or Firm’s or Company’s copy of PAN Card
- Individual’s Voter id or Aadhar card or passport copy
- Individual’s or company’s or firm’s cancel cheque copy of current bank account
- Copy of Rent Agreement or Electricity Bill Copy of the premise
HOW CAN WE HELP YOU WITH IEC REGISTRATION?
S3K Business Solutions Pvt. Ltd. can help your business obtian Import Export Code in 12 to 20 days, subject to Government processing time.
PREPARATION
An Expert will prepare your IE Code Application in the prescribed format along with the necessary supporting documents and obtain your signature in the application.
PROCESSING
Once the application is prepared, We will submit the IE Code Application to the DGFT for further processing and allotment of IE Code.
CODE ALLOTMENT
Once the application and the attached supporting documents are verified, the DGFT will allot a IE Code for your business.