Home zoho-create-invoice-for-import-export-code-material IEC Code(Import Export Code) – zoho create invoice for import export code material, Benefits in India 2020 Onwards. Apply Now Online

IEC Code(Import Export Code) – zoho create invoice for import export code material, Benefits in India 2020 Onwards. Apply Now Online

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IEC (Import Export Code) – zoho create invoice for import export code material, Benefits

IECGOV is online platform to Apply for IEC (Import Export Code) and get in 2 working days at minimal cost

IEC COde in this age of cut-throat competition, everyone wants to grow their business beyond the limits of the domestic market. However, doing business globally isn’t just a cup of tea for everyone. Before going global, you need to follow several procedures and laws in place and get different registration and license. IEC (Import Export Code) license is one of such prerequisite when you’re thinking of importing or exporting from India.

When is IEC Required
IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has a lifetime validity. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from Indian Government for the export scheme, etc. without IEC.

IEC is required in the following situations

1. When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.

2. When an importer sends money abroad through banks then it’s needed by the bank.

3. When an exporter has to send his shipments then its needed by the customs port.

4. When an exporter receives money in foreign currency directly into his bank account then its required by the bank.

Steps Involved in IEC (Import/Export Code) Registration

Step 1: First, you need to prepare an application form through online application at IEC Gov Website

Step 2: Secondly, you need to prepare the required documents and email to support@iecgov.ind.in

Step 3: One your application is completed, IEC Gov team will email you the confirmation

Step 4: Finally, once your application is approved then you would receive the IEC Code in a soft copy from the IEC Gov Legal Team

Documents required for IEC (Import Export Code) Registration

For IEC Code Registration following documents are required:

  • Individual’s or Firm’s or Company’s copy of PAN Card
  • Individual’s voter id or Aadhar card or passport copy
  • Individual’s or company’s or firm’s cancel cheque copy of current bank account
  • Copy of Rent Agreement or Electricity Bill Copy of the premise

Benefits of IEC Registration

1. Expansion of Business

IEC assists you in taking your services or product to the global market and grow your businesses.

2. Availing Several Benefits

The Companies could avail several benefits of their imports/ exports from the DGFT, Export Promotion Council, Customs, etc., on the basis of their IEC registration.

3. No Filling of returns

IEC does not require the filing of any returns. Once allotted, there isn’t any requirement to follow any sort of processes for sustaining its validity. Even for export transactions, there isn’t any requirement for filing any returns with DGFT.

4. Easy Processing

It is fairly easy to obtain IEC code within a period of 2 days after submitting the application. There isn’t any need to provide proof of any export or import for getting IEC code.

5. No need for renewal

IEC code is effective for the lifetime of an entity and requires no renewal. After it is obtained, it could be used by an entity against all export and import transactions.

To know further about investing in IEC Gov Team email to support@iecgov.ind.in / Call +91-8879835798

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