Import Export Code Registration

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.

Benefits of Import Export Code:-

1. 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.

2. 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.

3. No Annual Compliances: As on date, there are no annual compliances (Returns Filings) after issuance of Import Export Code

4. No need for Annual Renewal: In Import Export Code registration, there is no requirement of the annual renewal of License.

Process and Documents Required for Import Export Code

1. For Import Export Registration, we have to Visit DGFT Website.

https://dgft.gov.in

2. Mandatory Documents for Import Export Registration is:

♦ PAN Card

♦ Aadhar Card of Manager/ Proprietor/Authorized Signatory (Optional)

♦ Bank Certificate/ Pre-Printed Cancelled Cheque – for Bank Account details Purpose

♦ Address proof of the Firm (Sale Deed/Rent Agreement/ Lease Deed/ Electricity Bill/ Telephone Landline Bill Etc

Leave a Comment