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|| IEC Registration ||

IEC Registration

Any form of business that carries out the process of import and exports would require a business transaction number. This number is known as the import export code (IEC). The Import Export Code is a ten-digit identification number which has to be quoted by the business during every transaction of import and export. Every individual or business requires obtaining an IEC Certification. The process of obtaining the Import Export Code Certification is straightforward. However, it would be beneficial to utilise services from a third-party for import export code Certification.

Package inclusions:

Process of applying for the Import Export Code.
Liaising with the Director General of Foreign Trade (DGFT) for IEC certification.
Securing the DGFT IEC certification.
Filing Documents for Registration.
Yearly Verification.

When is Import Export Code Registration Required?

IEC registration is required for the following circumstances:

For Clearing Shipments of the importer from customs authorities.
When remitting money abroad through authorised banks, banks require this code.
Exporting Shipments abroad.
When the exporter receives inward remittance, then this code is required by the bank.
For Food Licensing and FSSAI registration this code is required.
For APEDA registration this code is required.
Any form of subsidy availed by the exporter then this code would be required.

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Disclaimer:- The materials provided herein are solely for information purposes and shall not be treated as solicitation in any manner and for any other purpose whatsoever. It shall not be used as legal opinion and not to be used for rendering any professional advice. The material s written on the basis of the provision applicable as on date of writing of this article.