Apply for Import Export Code

Apply For Import Export Code Under Expert Guidance

If you are an entrepreneur who wants to trade outside of the local market, the import export code will be your key to world trade. An IEC certificate will allow you to legally export the product beyond Indian territory. To do it legally, you will need to have an IEC. 

If you want to import various types of raw materials for a large manufacturing production line or to export a product to an international organization in another country. You can not complete a transaction for importing and exporting without varying permissions – the essential one being the IEC. 

An IEC Certificate is a unique identification number. Without the IEC, you will not be able to clear customs on your goods, and also lack potential international business opportunities.

Benefits Of an Import-Export Code Certificate

Any firm in India that wants to enter the international marketplace must obtain an Import Export Code(IEC) certificate. The benefits of holding an IEC certificate are as follows:

Legal Authority to Conduct Imports and Exports

If a firm wants to import or export goods and services out of India, it must apply for an IEC certificate. An IEC certificate is required for a firm to clear shipments, pay foreign suppliers, and import goods.

Lifetime Certificate

IEC is issued for life, will never expire nor be revoked, you do not need to renew it and you do not have to undergo any annual compliance.

International Business Opportunity

When the firm holds an IEC, it is in a position to begin calling itself an international market; it can legitimately sell on the international market, and it can grow its client base in its own country and globally.

Simple and Quick to Obtain

IEC’s are applied for online, with a simple application process and limited documentation requirements, and it takes a very short amount of time.

Able to Access Government Schemes

It can avail various givt schemes, for example, government export incentives, exemption schemes, tax incentives, and subsidies which are available through the DGFT, customs, and export promotion councils.

Enhances Credibility

This will improve the credibility of your business in the international market. It shows that the business is approved by the indian government.

What Are The Documents Required To Obtain IEC Certificate?

Here are some important importer-exporter code registration documents that you may need to provide:

• Name and Address of Applicant
• PAN Card of Applicant
• Aadhar card of the Individual/ Company’s Director/ Partner
• Proof of Address: Rent bill or electricity bill
• Bank Account Information
• Proof of Establishment: A registration of a company, partnership, or proprietorship.

Note: Above we have mentioned the list of common documents you may required to obtain IEC certificate. For detailed document list consult udyamita helpline at advisor@udyamitahelpline.com.