Import and Export code

Facilitating International Trade

Import and Export code

Facilitating International Trade

An Importer-Exporter Code (IEC) is a crucial identification number required for businesses engaged in import and export activities in India. It is mandatory for any individual or entity involved in exporting goods from India or importing goods into India. The IEC serves as a unique identifier for businesses participating in international trade transactions.

Pre-Requisites for Applying for IEC

Business Entity

The IEC may be applied on behalf of various types of business entities, including proprietorships, partnerships, LLPs, limited companies, trusts, HUFs, and societies.

PAN

The business entity must have a PAN (Permanent Account Number) issued by the Income Tax Department.

Bank Account

A bank account in the name of the business entity is necessary for IEC application purposes.

Valid Address

The business entity must have a valid physical address. The Directorate General of Foreign Trade (DGFT) may conduct address verification before issuing the IEC.

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Application Process

Submission of Application

The application for IEC can be submitted to the DGFT online through the official portal.

Document Verification

The DGFT may verify the PAN, bank account details, and firm details provided in the application.

Issuance of IEC

Upon successful verification, the DGFT will issue the IEC to the applicant.

Why Choose Sandeep Nalla And CO. forImport and Export code

IEC registration is a fundamental requirement for businesses involved in international trade operations. By obtaining an IEC, businesses gain access to various benefits and opportunities in the global marketplace, facilitating smoother import and export processes. Understanding the prerequisites and application process is essential for businesses seeking to engage in international trade activities.

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Import and Export code