IEC Registration In 10 Day

What are the benefits of IEC registration?

• Grow your business:

When you register for Import Export Code, then it will obviously help you to expand your business globally and bringing your business to the next stage.

• No need of filing the returns:

It is one of the finest things that you don’t need to file any returns when you register for IE code. If you got the code to be allotted, you are not required to follow any kind of process to ensure the validity been sustained. Even with regard to export transactions, you are not required to file your returns with DGFT.

• No renewal:

The validity of IE code exists until the entity exists. We don’t need to worry about the renewal process.

• Process of registration is so simple:

To obtain the IE code from the DGFT is fairly simple. The applications are usually processed within the short time period after submission.

• Enjoy other benefits:

Companies who register for IE code can avail so many benefits offered by customs, DGFT and from export promotion council.

When we need IEC code?

• IE code is the required one for the custom authorities to clear the shipments during the imports.
• The same thing is applied for exporting the shipments.
• For transferring the money when imports are made, bank needs the IE code.
• When exporters want to receive the money in foreign currency directly, IE code is needed by the bank.

Who doesn’t require IE code?

• When any goods or products that are either imported or exporter for personal use and not for commercial need, then IE code is not necessary.
• When the goods or products are exporter/imported by charitable trust or government of India, then IE code is not required.

Note: IE code has a lifetime validity once it got issued and there is no need of renewal.

Documents required for IE code registration:

• Photo of individual/company.
• Identity proof which can be either driving license/voter id/passport/PAN card.
• Address proof like electricity bill/aadhar/Telephone bill.
• Registered office proof.
• Cancelled cheque.
• Copy of the rental agreement of the premise/latest utility bills.

Registration process of IE code registration:

• Step 1: The very first step is to prepare the application in a specified format that is “AayaatNiryaat” form no.2A and that has to be filing it with the respective regional office of DGFT.
• Step2: The next step is to produce the required documents with respect to your identity and legal entity along with the address proof, bank details and certificate with respect to ANF2A.
• Step 3: Once your application got completed, you require filing with DGFT via digital signature certificate and making the payment for IEC registration.
• Step 4: The last thing is after you got your application approved, and then you would have receive the IEC code as a soft copy from the government.