Private Limited Company
Overview of the Import Export Code (IEC Code).
A 10-digit Import Export Code (IEC) is required for Indian import/export enterprises. It is granted by the DGFT of the Ministry of Commerce and does not need to be filed or renewed. Importers require IEC in order to pass customs and make payments to international banks, whereas exporters require it in order to transfer goods and receive payments.The IEC Number is required for any importer/exporter doing business in India.
Registration of Importer Exporter Codes
“Guaranteed submission of IEC application in the DGFT office within two days T&C*
Take your company worldwide. With an IEC code, you may apply from anywhere in India.”
Take your company worldwide. With an IEC code, you may apply from anywhere in India.”
Types
Benefits of IEC Code
Expansion of Business
Company Expansion IEC code helps company expansion by allowing you to introduce your services or goods to the worldwide market.
Obtaining Multiple Advantages
Companies that get IEC registration can receive different incentives for their imports and exports from agencies such as DGFT, Export Promotion Council, Customs, and others.
Processing Made Simple
Obtaining an IEC code from DGFT is a pretty simple process that normally takes 10 to 15 days after the application is submitted. An IEC code does not need proof of export or import.
No Renewal Is Required
An IEC code is valid throughout the life of an entity and does not need to be renewed. It may then be used for all export and import operations.