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Unlock Global Opportunities with Import Export Code Registration
Essential Insights into Import Export Code Registration
Global Market Research
As said, it is the primary requirement for the import into and export from India for the goods and specified services which enables the businesses to unlock the opportunities across the globe in international business market.
PAN Based Registration
The Code is provided based on the Permanent Account Number of the business organisation. Therefore, the registration is not required based on place of business rather, a single business entity may require only one registration.
Benefits Of Schemes
IEC code has huge benefit for importers as well as exporters. The registered business entities would be able to avail benefits in form of subsidies or otherwise declared by the Customs, Export Promotion Council or other authorities.
Reduces Risk
IEC helps to eradicate the illegal transportation or illegal exports and imports. The centralised registration helps the officials to supervise and better administer the transactions undertaken as a part of cross border business.
Validity
An online Import Export Certificate once issued is valid for lifetime and has no expiry date. However, it requires to be renewed / updated online every year. IE code is valid nationwide and across all factories or branches of the organization.
Required By Exporters
All exporters who export goods out of India need to have a valid IE Code. It must be quoted in relevant customs documents. Bankers would require you to have an IEC registration while receiving money from abroad from your customers.
Documents Required for Import Export Code Registration
Documents Collection
1. Filled Questionnaire for IEC
2. Cancelled Cheque of Applicant
3. PAN Card of LLP/Company
Checklist
1. Digital Signature of Class-2 AR
2. Pan Card of Authorised Signatory
3. Id and Address Proof of All Persons
Firm's Documents
1.PAN Card of the firm
2.Certificate of Incorporation
3.MOA & AOA
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