Import & Export Code
Import & Export Code is mandatory to require for conducting the business of import & export. In simple words, if you want to start your import & export business in Global Market, then it is mandatory to apply import & export code registration. The process of taking the IEC code is simple and can be obtained online. However, the process includes some technical words, hence, people prefer to outsource the IEC registration to experts.
A very simple set of documents is required for IEC registration and the process can be completed online. Taxfin has already processed more than 350 import & export registration and helped hundreds of exporters with their business setups in India. This is because export in India has been impacted at lot since GST has been implemented.
Benefits of IEC Registration:-
Global Exposure : Import & Export Code helps you to grow your business from local market to International market and expand your product or service across the World.
Government Benefits : Govt. of India always promote the business of export activity in India so through Import & Export Code Registration you can avail all the export scheme benefits from DGFT, Customs and Export Promotion Council.
No Renewals : Import & Export Code issued by the DGFT for the lifetime validity so you have not required renew every year so it’s a just one time cost of the registration.
No Annual Compliance : Import & Export Code have no annual compliance like returns filings etc.
Proprietorship Business : Import & Export Code can be obtain by the individual person also, they have not required to register the legal entity.
Export Subsidies : On the basis of Import & Export, companies or firms can get the benefits and subsidies their exports/ imports from DGFT, Customs and export promotion council.
Documents required for online Import Export code registration
- Pan Card : PAN card of the applicant or the company
- Address Proof : Sale Deed/ Rent & Lease Agreement/ Latest Electricity Bill/ Telephone Bill in name of applicant
- Cancelled Cheque :A cancelled cheque of current account bearing entity’s pre-printed name or Bank Certificate in form ANF-2A(i)
- PAN Card of Director or Partner : For a company/partnership, PAN card of the Director/Partner is a must.
- Certification of Registration : Entity should provide the registration certificate with MoA- AoA / LLP Agreement, or a Partnership Deed as applicable