The IEC Code, or Import Export Code, is a crucial requirement for importers and exporters in India. Issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, this unique 10-digit code is necessary for customs clearance, money transfers, and conducting international trade. Obtaining an IEC Number is essential for operating an import/export business in India. The benefits of IEC registration include access to global markets for traders, eligibility for government schemes like MEIS and SEIS, simplified compliance requirements, and a relatively straightforward process with minimal documentation.
Registering for an IEC license online in India is a simple process that can be completed in a few steps. To begin, visit the official website of the Directorate General of Foreign Trade (DGFT) and create a new account if you are a new user. Log in to the DGFT website using your registered email ID and password, and access the ‘Online IEC Application’ form. Fill in the required details, such as firm or individual name, PAN number, bank account details, and contact information, along with the necessary documentation. Make the online payment for the IEC application fee, review the application, and click on ‘Submit’. You can track the status of your application online, and once the IEC is issued, you will receive an IEC certificate via email. The process is streamlined and hassle-free, making it convenient for businesses to obtain an IEC license for their import/export operations in India.
No matter what type of business you want to run or the industry you belongs to, Bhakat Associates will take care of the registration process with our easy and affordable services.