Documents :-
1. pan Card
2. Aadhar Card
3. Cancel cheque
4. Electricity bill or Water tax bill
or Bank statement.
5. Trade License/Business Name
6. Mobile Number
7. Email ID
What is an IEC Code?
Import Export License enables an individual or an entity to carry out Import or export business to and from India. Without the license, the exporter cannot avail of the benefit of export schemes. Moreover, the merchant cannot get the International transaction through a Financial Institution. Further, for customs clearance of goods, IEC Code is a must. It’s a prerequisite for international business, which helps not only in the balancing of resources across countries but also in the growth of national economies. Therefore, the Import-Export License is issued as a ten-digit code, popularly known as Import Export Code (IEC).
Who issues it?
IEC is issued by the office of Director General Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India, on receipt of ‘Import Export License online application’ along with requisite documents and prescribed fee. Additionally, Digital Signature is to file an online application. Further, IEC, once issued, has lifelong validity, not requiring renewal. Therefore, it is valid for all units/divisions/factories. One IEC Number can issue against one PAN.
Apply Iec Code Online Registration Import
Export Code Lowest Price who needs Export
Import Code https://dgft.gov.in/
Import Export Code (IEC) is required by a person who wants to start import export business in India.
Mostly importers merchant can’t import any goods without the IEC Code and exporter merchant can’t avail the benefits from the DGFT Department for the export scheme etc.
Import Export Code is required in the following situation :
a) When importers have to clear the shipments from the customs then it’s required by the customs.
b) When importers send the money to abroad via banks then it’s required by the banks through SWIFT Code.
c) When exporters have to send the shipments then its required by the customs port.
d) When exporters received the money in foreign currency directly into the bank then its needed by the banks.
a) When importers have to clear the shipments from the customs then it’s required by the customs.
b) When importers send the money to abroad via banks then it’s required by the banks through SWIFT Code.
c) When exporters have to send the shipments then its required by the customs port.
d) When exporters received the money in foreign currency directly into the bank then its needed by the banks.
The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad.
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