Expanding your business to global markets requires one key step—-Import Export Code Registration. As a consultant at Taxlegit, I, Deeksha Khurana, specialize in helping businesses obtain their Importer Exporter Code (IEC) effortlessly. If you’re planning to engage in international trade, whether importing goods or exporting services, IEC is mandatory in India.
What is Import Export Code (IEC)?
The Import Export Code (IEC) is a 10-digit unique number issued by the Directorate General of Foreign Trade (DGFT). It is essential for any individual or business entity engaged in cross-border trade. Without an IEC, you cannot import or export goods legally in India. Once issued, IEC is valid for a lifetime and does not require any renewal.
Benefits of Import Export Code Registration
IEC provides numerous benefits to businesses aiming to operate globally:
Legal Requirement: IEC is mandatory to legally import or export goods.
Global Market Access: With an IEC, your business can participate in international trade.
Tax Benefits: IEC may help in claiming refunds under certain export schemes.
Who Needs IEC?
Any business or individual involved in import/export activities must apply for Import Export Code Registration. This includes all types of entities, such as sole proprietorships, partnerships, LLPs, and private limited companies.
If you already have msme registration, you can still apply for IEC. Both registrations serve different purposes, but together they can give your business an edge. While MSME helps small businesses grow in the domestic market, IEC opens doors to international opportunities.
Steps to Obtain Import Export Code
Getting your IEC registered involves a few simple steps. At Taxlegit, I guide you through the entire process, ensuring it is done correctly.
Prepare Your Documents: You will need a PAN card, Aadhar card, address proof, and a canceled cheque or bank certificate. These documents are crucial for completing your application.
File Application with DGFT: Once your documents are ready, an application must be filed with DGFT online through their official portal.
Payment of Fees: There is a small government fee for the IEC application, which I help you with.
Receive IEC: After submission and verification, you will receive your IEC, usually within a few days.
Section 8 Company Registration and IEC
If your business is registered as a Section 8 Company, which is a non-profit entity, you may still need Import Export Code Registration depending on your activities. For instance, if your non-profit engages in the import of goods for charitable purposes or export services, an IEC is essential. I assist Section 8 companies in ensuring their legal compliance with both their charitable objectives and their import-export requirements.
Importance of IEC for MSME
For businesses with msme registration, obtaining an IEC can be a powerful combination. MSME registration provides financial and operational benefits in the domestic market. However, when you’re ready to scale globally, Import Export Code Registration is necessary to legally participate in international trade.
With MSME and IEC together, your business is better positioned for growth both domestically and internationally. I provide seamless integration of both registration processes to ensure you can maximize opportunities without legal complications.
Why Choose Taxlegit for IEC Registration?
As an experienced consultant at Taxlegit, I provide top-tier services for Import Export Code Registration. Here’s why you should choose me:
Personalized Guidance: I offer end-to-end support, from documentation to approval.
Fast Processing: My efficient methods ensure your IEC is registered quickly.
Full Compliance: Whether you have msme registration or section 8 company registration, I ensure your business complies with all import-export laws.
Conclusion
If you’re looking to expand your business globally, Import Export Code Registration is your first step. At Taxlegit, I, Deeksha Khurana, offer expert services to ensure your IEC registration is smooth and compliant. Whether you’re a startup, MSME, or a Section 8 company, I provide all the guidance you need to secure your IEC quickly and start trading internationally.