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Obtaining an Import Export Code (IEC) is essential for businesses looking to engage in international trade. This unique code facilitates smooth customs clearance and ensures compliance with export-import regulations. At Srprof, we specialize in assisting businesses in obtaining their IEC swiftly and efficiently. Our expert team guides you through the application process, ensuring accuracy and compliance with regulatory requirements. With Srprof, you can streamline your international trade operations and unlock new growth opportunities with confidence. Choose Srprof as your partner to simplify the process of obtaining your Import Export Code and expand your business horizons.
Import Export Code (IEC) is a ten digit alphanumeric code allotted to businesses carrying out import or export of products or services. No importing or exporting activities can be carried out by any business if it does not possess the Import and Export Code. The IEC is issued by the regional office of the Director General of Foreign Trade or DGFT and is used for the unique identification of import and export businesses by tax authorities like Customs and DGFT officers across India. Moreover, IEC code is used by the DGFT to regulate the importing and exporting activities of Indian businesses and secure the financial health of the Indian economy.
The Import export code registration is a simple process that must be undertaken by businesses involved in foreign trade. The Indian government has made IEC registration mandatory so that import export businesses can avail a number of benefits offered by the Indian government for the purpose of assisting their growth and prosperity. A few important benefits of IEC registration for import export businesses have been mentioned below.
Documentation is a significant part of the entire process of Registration of IEC, as it may either result in the approval or rejection of the application. The documents prescribed to be submitted with the IEC application depends on the type of entity that is applying for it. In the table given below, we have mentioned a complete list of documents required for registration of IEC, based on the type of entity that is filing the application.
Businesses exempted from the requirement of IEC code include the following: