IMPORT EXPORT CODE
| Market Price: | ₹3500 |
|---|---|
| AssamFilings Price: | ₹2000 |
| You Save: | ₹1500 (42%) |
| Completion time*: | 3 Days |
Ideal for businesses planning to trade in and out of India
About this item
- Drafting Documents
- Application Filing
- Application Processing
- Completion of registration
- Best price in the market: 30% to 50% less price compared to your local tax consultants.
- By Assamese, for Assamese: We having our head office at Guwahati can offer you more reliability & efficiency compared to other online service provider having their office mostly at Delhi.
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- 25 years of Excellence: We are a vibrant Firm of CA, CS & CMA, having 25 years of experience in the areas of Accounting, Auditing, Income Tax, Goods & Services Tax, Company Law, Foreign Exchange Management Act, Import and Export, Start-up Services, NGO related Services, International Taxation, Transfer Pricing, Financial Services, etc.
- Doubt Clearing & Guidance: As an entrepreneur you may have many questions and doubts in taxation and compliances. We will clear your doubts and guide you so that you can focus on your business care free.
Import Export Code is a ten-digit identification number which is issued by the Director-General of Foreign Trade (DGFT), Department of Commerce, Government of India. Companies and businesses must obtain this code to commence operations in the territory of India. It is practically impossible to conduct transactions of import and exports without this code.
There are specific regulations and processes which are required to get fulfilled to get the Import Export Code. You also need to adhere to particular rules. Once you fulfil all the conditions, you can get the code from the DGFT offices. DGFT has various regional offices in the country.
- For the clearance of the consignments by an importer from the customs
- For exporting the shipments by the exporters through the customs port
- For inward remittances in foreign exchange directly into the bank accounts
- For getting benefits on imports and exports from Customs, foreign trade policies (FTP) as regulated by DGFT, etc.
- Copy of PAN Card (For Individual / Firm / Company)
- Aadhaar Card / Passport / Voter ID (For proprietors)
- Proof of address of the firm. In case the proof is not in the name of the applicant firm, a NOC by the owner of the premises in favour of the firm along with the address proof is to be submitted in a single PDF document.
- Bank certificate / pre-printed cancelled cheque is mandatorily required
- Contact details: Mobile number and e-mail I'd of all individuals/directors/partners
- Any one of the following:
- Sale deed
- Rent agreement
- Lease Deed
- Electricity bill
- Telephone bill
- Mobile Postpaid bill
- Memorandum of Understanding (MOU)
- Partnership Deed
There are various benefits of IEC registration as discussed below:
1. Expansion of Business
IEC assist the business to bring their services or products to the global market and at the same time helps to grow their business.
2. No Filing of returns
IEC does not require the filing of any returns. Even for export transactions, no need to file any return with DGFT.
3. Easy Processing
The process to obtain the certificate of IEC is a fairly easy one. We can obtain the IEC code from the DGFT within a few days after submitting the application.
The IEC code can be suspended or cancelled by the department under the following cases:
1. If any person has violated the law relating to foreign exchange or Central excise or customs or committed any other economic offence under any other law for the time being in force as may be specified by the CG as notified in the Official Gazette.
2. Suppose the DGFT has a reason to believe that any person has made an export or import in such a manner that may be prejudicial to the trade relations of India with any foreign country or the interest of other persons engaged in imports or exports or has brought shame to the credit of the country. In that case, the Director-General may call for any further information from such person and may give a notice of writing mentioning the grounds on which it is proposed to cancel or suspend the IEC number after providing an opportunity of being heard.
3. Where the IEC number granted to a person has been cancelled or suspended, that person will not be allowed to export or import any goods except under special license subject to such conditions as may be prescribed by the Department General of Foreign Trade.