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DIGITAL KB MANAGEMENT SERVICES PVT LTD |
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IMPORT EXPORT CODE
IEC registration is required by a business person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which require Import and Export code and those who do business in foreign goods require Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
The IE Code must be demanded through quotation by importers while clearing customs. Also, banks require importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require exporters IE Code while receiving money from abroad. IEC Registration done through DIGITAL KB MANAGEMENT SERVICES are Indian cities.
BENEFITS OF IMPORT EXPORT CODE
All Importers who import goods into India require an IE Code. The IE Code must be quoted while clearing customs. Also, banks require the importers IE Code while sending money abroad.
IE Code does not require the filing of any return. Once, an IE Code is issued then there is no further procedures required to maintain validity of the IE Code. Even if import or export transactions occur, there is no need of filings required to DGFT.
Even individuals who are proprietors of a business can obtain IE Code in their name. It is not necessary to incorporate a business entity for obtaining IE Code.
All Exporters who export goods or services from India require an IE Code. The IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad.
IE Code is issued for the lifetime of the entity and requires no renewal. So once a IE Code is obtained, it can be used by that entity for all its import or export transactions without any further hassles.
1.Complete Our IEC Form
First of all fill our simple online IEC code application by add card option
2.IEC Application Process
We will start your application for IEC and file it with the DGFT office on your behalf.It will take 10 WORKING DAYS in its processing.
3.IEC Fee
Pay here IEC export fee of govt and followup with DGFT department for your license.It will take 1 WORKING DAY to process.
4.IEC License sent by courier
Once your IEC CODE registration is completed we will send IEC license to you by courier.
What is IEC ?
IEC stands for Import-Export Code. It is a 10 Digit unique code issued by directorate general of foreign trade (DGFT) of commerce and industries ministry of government of India
Who requires IEC Registration?
Any person or business type who intends to import or export goods and services from or to India must require an Import Exports Code
How much time it will take to acquire/obtain an Import Export Code?
Import Export Code can be obtained within 1 week from the date of filing application.
What is the validity of IEC Code?
IE Code is one-time license and valid for the lifetime of business.
Is DSC required to obtain IEC Registration?
As per recent notification, DSC is not required to apply import exports code.
Do we receive any hard copy from the department?
No, you will receive final soft copy of IEC certificate over the emai.
Are any monthly returns required to be filed under Import Export Code?
IEC is just a license allowing the import and export of goods. Therefore, no return is required to be filed under IEC code.
Do you provide this service in my town?
Yes DIGITAL KB MANAGEMENT SERVICE is an online platform serving all over India no matter where you are doing business,all you need is a good internet connection in your mobile or desktop and we are ready to get your job done.
Do I need to physically present for the process?
No, You don’t need to be physically present for the process,DIGITAL KB MANAGEMENT SERVICE is an online catering platform,all you need is internet connection in your phone/computer and the required documents with you and we can get your job done no matter even if you are present at remotest location of India
Is there any penalty on not having an IE code?
There is no penalty for not having an IE code but importing and exporting are not possible without an IE code.
How much time does it take to get an Import Export code?
Generally, it takes 3 to 7 days to get the IE code certificate after the submission of all required documents and information
Can I fill AD Category Bank details in IEC?
Yes, you can fill AD Category Bank details in IEC. There is a space to fill only one Bank account details in IEC application and the same will be shown in your IEC Registration Certificate. It is always advisable to put that banker details with whom you are dealing regularly and have good relations.
AD (Authorised Dealer) Category Bank means the bank who deal with the conversion of currency notes, coins or travelers' cheque designated in foreign currency into Indian Rupees and vice versa. Their objective is to provide easy foreign exchange facilities for travelers and tourists, including NRIs.
IE Code stands for Import Export Code. It is required for any person importing or exporting goods and services to or from India.
Any person who proposes to import or export goods and services from or to India must obtain IE Code.
IE Code Registration can be obtained from the DGFT in 10-15 working days after submission of all required documents and application.