Finance

Import-Export Code: comprehensive guide 2020

With rising market competition, everyone is thinking of developing their businesses exceeding the limits of the domestic market. But, doing business in global platforms is not an easy task. You need to move through lengthy procedures and laws to get a license. This is why; most businesses are focusing on obtaining IEC code registration online.

When you have required registrations and licenses for your business, it becomes easy to trade globally. IEC considered one as an essential prerequisite when you dream of entering into global markets for importing and exporting. IEC is mandatory for everyone wanting to start an import/export business in the country.

IEC code registration online services

There are several IEC registration services available online, where professional consultants will assist you in obtaining IEC code within minimal time.

The Import-Export Code is issued by the Director-General of Foreign Trade that contains a 10-digit code having lifetime validity. If you are an importer without having any IEC code, then you are not eligible to import goods; similarly, as an exporter, you cannot take advantage of the export scheme by DGFT without IEC.

You can opt for their services, and they will perform the task for you. To execute and obtain IEC code, they will require following documents such as:

  • A copy of an individual or company’s PAN card
  • A copy of an individual or company’s Aadhar card, passport, and voter id
  • Address proof
  • Canceled cheque copy of current bank account

Perks you receive through IEC code registration

Both individuals and companies need to think of indulging in import/export activities. Having an IEC code registration helps in paving the way to several new opportunities for your business. With IEC code registration, you can enjoy perks, such as:

Business expansion

When you acquire IEC code, it lets your business expand its reach to international markets. IEC offers incredible opportunities to import/export products and goods globally that lead to brand popularity in the global markets.

Enjoy profits

IEC code registration provides ease of convenience and lets you enjoy several advantages provided by the Directorate General of Foreign Trade (DGFT), Customs, and Export Promotion Council, etc.

No expiry date

IEC code comes with lifetime validity, so you need not have to renew it again. The code is permanent without having any expiry date.

Smooth processing

It is easy to obtain the Import-Export Code from DGFT with the help of professional IEC registration services within 3-4 days. You can share your valid documents, and they will perform the IEC code registration online application process legitimately.

Authorized proof

Since Import-Export Code is issued through Director General of Foreign Trade, so you need not have to face any difficulty during shipment clearance. By showing authenticate identity numbers; you can pass through the required stages effectively.

Along with all the above benefits, you can also easily manage ICEGATE login, compliance of E-BRC, easily pay custom duty on imports, subsidies on exports, pay, and receive toward EXIM transactions through IEC code registration online.

Connect with a suitable IEC registration service to get your authorized Import-Export Code for involving in import/export necessities without any issues.

See Also

Related posts

Identifying Your Type of Offshore Injury Case

Emart Spider Admin

How to Build an Investment Portfolio Post Retirement?

Emart Spider Admin

All You Need To Know About Personal Loans: EMIs, Tenors And Interest Rates

Alen Parker