Online IEC Code Import Export License
The online IEC code import export license will be filed with the DGFT office on your behalf. Further, you can register your import and export business with the DGFT under the Ministry of Commerce and Industry.
It is mandatory to obtain an IEC before exporting from or importing to India. So, no exports or imports shall be made without an IEC. Also, to import or export products or services, an individual or a business entity needs a 10-digit code. For services exports, however, the IEC will not be required unless the service provider is taking advantage of the FTP. Meanwhile, in India, DGFT, Ministry of Commerce and Industries, issues Import Export Codes (IECs).
- Firstly, for customs officials to clear shipments during imports, they need it.
- Secondly, in order to make imports, the bank needs this to transfer funds.
- Thirdly, as well, the IEC must be provided for export shipments.
- Further, the recipient of foreign currency funds needs an IEC code to be able to transfer funds directly to his account.
Aayaat Niryaat Form Submit | 0 |
Filing at DGFT | 0 |
Professional Fee | Rs. 1800 + 18% GST |
Govt. Fees (Exclude) | Rs. 500 |
Business registrations must use the IEC code:
- Society
- Partnership
- Proprietorship
- Limited Company
- LLP
- HUF
- Trust
Document Required
Licenses Issued in Recent Months
Advantages of IEC for Import Export Businesses
Global Market Reach
Your business will grow as well as increase its revenue with the aid of the Import Export Code.
Niryat Bandhu Scheme
The Niryat Bandhu scheme of DGFT aims to help entrepreneurs, exporters, importers, and students of this subject to become certified in export & import management over a period of time.
Ensures that there are No Illegal Shipments
You can stay away from illegal borders or fraudulent imports and exports by registering with IEC. In addition, this is a centralized registration that enables the officials to supervise and manage transactions online. It is carried out as part of cross-border trade.
The Government's Schemes are Easy to Access
The IEC code offers considerable benefits for the business of import-export. Also, you may be entitled to benefits and subsidies that have been declared by Customs, the EPCs, or other authorities. Additionally, by filing a Letter of Undertaking under GST, exporters will not have to pay taxes to make exports. However, if they have to pay tax, they will be able to claim a refund for the amount paid.
A Few More Benefits
Moreover, the IEC and the EPCs, companies that register for this code could take advantage of other benefits offered by customs, DGFT, and others.
How Falcon Works?
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Year of Establishment : 1989
Primary Business Type : Service Providers
Estimated Annual Sales (USD) : 2 to 5 Million
HEAD OFFICE ADDRESS
F90/25, First Floor, Okhla Phase 1, New Delhi 110020, India.
E-mail : [email protected]
