Why do Importers or Exporters Need Import Export Code Registration?
A corporate entity must have an import and export code, which is a 10-digit PAN-based unique number provided by India’s Directorate General of Foreign Trade (DGFT), to import and export goods. Before importing goods, the trader must make sure that the entity doing the importing has both an IE code registration and a GST registration.
The items will be held at the port and start accruing demurrage fees, or they might be destroyed if the importer does not have an IE code and a GST Registration.
What do you get from IEC registration?
- With the IEC registration, businesses can sign up as online e-commerce operators and then sell to customers all over the world.
- Companies can make use of government programmers like the MEIS (Merchandise Export from India Scheme), SEIS (Service Export from India Scheme), and others for customs and export promotion.
- After it has been given, the IE Code does not need to be renewed. It is good for the life of the company.
- The Import and Export Code registration aids in the expansion of the company on a worldwide scale.
Why do you link up with Legal Hub India?
We will offer you import and export code registration within the next 24 to 48 hours. From completing the checklist to processing the paperwork, our professionals will walk you through the whole procedure. We provide you with the IEC (Import Export Code) without any trouble. We would take care of filing and follow up with the Director General of Foreign Trade (DGFT) so that you don’t have to leave your workplace or home.
We’ll update you on the progress of your application. Our professionals will efficiently and affordably finish the import and export code registration process.