In this modern age, everyone desires to grow their business beyond the limits. One thing is to keep that in mind is, taking your business globally is not a cup of coffee for everyone. It is indeed to follow several procedures and laws to obtain license and registration. IEC license is the one when you are thinking about importing or exporting from India.
What is Import Export code?
IE code is a 10 digit identification number which is issued by the Director General of Foreign Trade (DGFT). When anyone wants to start an import export business in India, then the IEC needs to be obtained. It is impossible to start this kind of business in Indian territory without this code. In order to acquire the IE code, department of commerce sets the rules and regulations through DGFT and all other necessary requirements.
The main thing is importers cannot import the goods and exporters cannot avail the benefits and enjoy the export scheme without IE code.
After fulfilling certain conditions, IEC can be issued from DGFT. IEC code is same as the applicant’s PAN number which is updated in DGFT database. Once we got the confirmation from the DGFT, the applicant can use their PAN number as their Import Export Code.
Biztone provides IEC registration/service in Coimbatore, Madurai, trichy, tirupur and karur with the strong professional support.
What are the benefits of IEC registration?
When we need IEC code?
Who doesn’t require IE code?
Note: IE code has a lifetime validity once it got issued and there is no need of renewal.