I & E Code
In the era of Globalization, now the customer market has been shifted from local territory/Country to worldwide market. Where the trader/Service provider has been given equal opportunity to expand its market worldwide. Now, the government is focusing to make India an Export Oriented Country instead of an Import Oriented approach. The Government of India is giving many incentives, subsidies, tax rebates to exporters so that they can compete with foreign competitors especially China.
Now, the Government of India has made the process of issuance of the Import Export Code license easy, in comparison to earlier process. Now, if you have all documents ready, then get your Import Export License the same day.
Required at Custom Port, at the time of Import Export: IEC is required at the customs port when we have to make foreign commercial shipment or has to take clearance of import Shipment.
Required by Banks, when receive foreign currency after a specified limit /Purpose: Import Export Code is required by banks, when we receive any advance or dues against any commercial activities.
No need for Annual Renewal: In Import Export Code registration, there is no requirement of the annual renewal of License.
No Annual Compliances: As on date, there are no annual compliances (Returns Filings) after issuance of Import Export Code
I & E Code
IEC(Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has a lifetime validity. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.
One Time Fee
Service Provide Within 7 Days
One Time Fee
Service Provide Within 15 Days
Yearly Fee
Services Provided Before the Due Date
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