Online IEC Code Import Export License

Import Export

Online IEC Code Import Export License

Import Export

The online IEC code import export license will file 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).

  1. Firstly, for customs officials to clear shipments during imports, they need it.
  2. Secondly, in order to make imports, the bank needs this to transfer funds.
  3. Thirdly, as well, the IEC must be provided for export shipments.
  4. 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:

  1. Society
  2. Partnership
  3. Proprietorship
  4. Limited Company
  5. LLP
  6. HUF
  7. Trust

Document Required

Licenses Issued in Recent Months

Advantages of IEC for Import Export Businesses

advantages iec code

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?

Some of the Services by Falcon Includes

HEAD OFFICE

Year of Establishment : 1989
Primary Business Type : Service Providers
Estimated Annual Sales (USD) : 2 to 5 Million

HEAD OFFICE ADDRESS

219-B, 2nd floor, Administrative Building, Inland Container Depot, Tughlakabad New Delhi 110044, India.
E-mail : cargodeal@falconfreight.com
Illustration of a large shipping vessel