Import Export License

Import-Export-license

Import-export license or IEC is 10 digits numeric code that helps the government to track and identify the type and nature of products being imported to or exported from a country. When undertaking trade with businesses outside your country, getting the import and export license issued by the Directorate General Of Foreign Trade (DGFT) is indispensable. This is a mandatory license which entitles any business to start with the exporting or importing of all types of goods.

When Do Businesses Require IEC Code?

Businesses require this license:

• For customs clearance when importer wants to clear the shipments
• For shipment conveyance at the customs port by the exporter
• To clear the transfer of payments made by an importer in a foreign country
• An exporter needs this code to show at the bank in order to receive money from abroad

This one-time license allows you to trade in foreign countries and also enjoy various subsidies offered by the government. If you are also planning to take your business on the global level and start importing and exporting goods, Registration Karwalo Services India Private Limited can assist you in getting the much-needed IEC for smooth trading.

Registration Karwalo Services India Private Limited is one of the experienced consultancy firms offering all types of taxation and registration services. With our expert assistance, you can get your Import and Export License without having to go through any tedious process. Whether you are a proprietor, director, individual, partner, or an entity, we can help you get your Import Export License at the shortest time possible.

Documents Needed For IEC Registration

Here are the documents you need to provide us for IEC registration:

• Company’s or individual’s PAN card
• Canceled cheque or bank certificate
• The voter ID card, Aadhar Card, Passport or other identification proof of individual
• Firm’s address proof like lease/sale deed, electricity bill, telephone landline bill, etc.

How the IEC Registration Is Beneficial?

• With the import and export license, you have the freedom to expand your business globally and sell your products/services in new markets
• The Export Promotion Council, DGFT, Customs, etc., offer a number of benefit schemes to companies with import-export license
• One does not need to file any returns for validity once they have received the import-export license in their name.
• One just needs to get the IEC registration done once and the company would be sorted for a lifetime; there is no need to get any renewal done any time.

When you take our assistance in getting your Import Export License, we promise to undertake all the steps in the registration process. The registration for IEC starts when we prepare the application and send it for processing. After the application is processed, a certain sum is to be paid as fees. It takes some time for the DGFT to cross-check and accept your application. Once they have given a green signal for your application, you can expect your IEC any time. We speed-up and simplify the process of IEC application and registration to ensure you get your license and start doing your import/export business without any tension.