Importer Exporter Code (IEC Code) Registration an overview
Importer Exporter Code (IEC) registration is a mandatory requirement for businesses engaged in import and export activities in India. It is a 10-digit unique code issued by the Directorate General of Foreign Trade (DGFT). The IEC code acts as a key identification for businesses involved in international trade, facilitating smooth customs clearance and availing various export incentives. It is essential for businesses to obtain an IEC code before engaging in any import or export transactions. The registration process involves submitting the necessary documents and completing the application through the DGFT online portal.
Importance of Import Export Code
The Import Export Code (IEC) holds significant importance for businesses involved in international trade. It serves as a unique identification number that enables smooth import and export operations. The IEC code is essential for customs clearance, availing export benefits, and establishing credibility in the global market. It is a prerequisite for opening a foreign bank account, obtaining various licenses, and participating in government tenders. The IEC code ensures compliance with regulations and enhances the overall efficiency and legitimacy of import-export activities, making it an indispensable requirement for businesses engaged in international trade.
Documents required for IEC Code registration
To register for an Import Export Code (IEC), the following documents are typically required:
- Identity Proof: PAN card or Aadhaar card of the applicant.
- Address Proof: Copy of the applicant's passport, Aadhaar card, voter ID, or driving license.
- Bank Account Details: A canceled cheque or a bank certificate validating the applicant's current account.
- Passport-sized Photographs: Recent passport-sized photographs of the applicant.
- Partnership Deed/Incorporation Certificate: If the applicant is a partnership firm or a company, a copy of the partnership deed or the certificate of incorporation is required.
- Memorandum of Association (MOA)/Articles of Association (AOA): If the applicant is a company, a copy of the MOA/AOA is needed.
It's important to note that additional documents may be required based on the specific requirements and policies of the Directorate General of Foreign Trade (DGFT) or the regional office handling the IEC code registration.
Why Book My Registration for ICE Code Registration
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