IEC Registration

IEC Registration

Market Price : Rs. 5,000

Offer Price : Rs. 3,500

Discount : Rs. 1,500 (30%)

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What is a IEC ?

An Export Import Code (EIC or IEC) is a singular identification code which is mandatory for businesses or individuals dealing in import and export-related activities in most countries. In India, for instance, the Directorate General of Foreign Trade (DGFT) provides this 10-digit code. The IEC is compulsory for all firms desiring to undertake the export or import of products and services.

Salient Features of a IEC

Distinct Identification: The IEC is a distinct 10-digit number used to identify a business engaged in international trade.

Compulsory for Trade: It is obligatory for any business or firm willing to import or export goods or services. Without this code, international trade cannot be done.

Single Code: A single IEC can be provided against a single PAN. If a business has more than one branch or unit, they will be all under the same IEC.

No Renewal Required: The IEC is valid for the life of the entity and once issued, it does not need to be renewed.

No Limitation on Import/Export Transactions: There is no limit for the number of import/export transactions for a company holding an IEC.

Corporate Verdict: Your Partner in IEC Registration

Corporate Verdict is a group of skilled professionals committed to helping businessmen in the efficient and cost-effective setup of Public Limited Companies (PLCs). We know how intricate the procedure is and make the process hassle-free for our clients. Our services comprise:

Expert Advice: Giving step-by-step advice on the feasibility and advantages of creating an Public Limited Company.

Documentation Support: Helping to prepare and file required documents.

Compliance Assistance: Helping your Public Limited Company comply with all regulatory norms.

Reasonable Services: Giving affordable solutions without any compromise on quality.

Procedure of Registration of IEC

Application Submission: Application for IEC is filed online via the DGFT website along with the documents and fee.

Application Verification: DGFT checks the application and documents. If they are correct, then the IEC is granted.

Issuance of IEC: On approval of the application, the IEC is issued and may be downloaded from the DGFT website.

Advantages of IEC

International Market Reach: Companies are able to expand their activities to foreign markets, expanding their market reach and potential revenue through an IEC.

Ease of Compliance: Compliance with customs, DGFT, and other government agencies becomes easier with an IEC.

Government Benefits: Companies with an IEC are able to utilize different benefits and subsidies offered by the government to enhance exports.

No Filing Obligations: Contrary to other tax filings, an IEC does not need to file on a recurring basis. It is a single-time registration exercise without the need for renewal.

International Credibility: IEC accord global credibility to the business because it is necessary for export and import activities and thus creates trustworthiness

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