VINSTREAK TAX & FINANCIAL CONSULTANTS

IMPORT EXPORT CODE

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WHAT IS IMPORT EXPORT CODE

In this age of cut-throat competition, everyone wants to grow their business beyond the limits of the domestic market. However, doing business globally isn’t just a cup of tea for everyone. Before going global, you need to follow several procedures and laws in place and get different registration and license. IEC (Import Export Code) license is one of such prerequisites when you’re thinking of importing or exporting from India. It is also known as Importer- Exporter Code.

IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has a lifetime validity. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.

DOCCUMENTS NEEDED FOR

IMPORT EXPORT CODE

  • 1.Individual’s or Firm’s or Company’s copy of PAN Card.s
  • 2.Individual’s voter id or Aadhar card or passport copy.
  • 3.Individual’s or company’s or firm’s cancel cheque copies of current bank accounts.
  • 4.Copy of Rent Agreement or Electricity Bill Copy of the premise.
  • 5.A self-addressed envelope for delivery of IEC certificate by registered post.

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