Import Export Code Registration In Ujjain

If you are planning to expand your market and go beyond borders and export/import, reach out to our experts and know all formalities you need to get through and you can avail all services such as GST registration, company registration etc.

In this period of cut-throat opposition, everyone wants to grow up their business beyond the limits of the domestic market, doing trade globally isn’t just a cup of tea for everyone and before going global, you need to follow some procedures and laws in place and get different license and registration. IEC (Import Export Code) license is one of such prerequisite when you’re thinking of exporting or importing from India.

Import Export Code (also known as IEC code) is a 10-digit identification number that is issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is also known as Importer Exporter Code. Companies and businesses must obtain this code to start a business that deals with import and export in the Indian Territory. It is not possible to deal with export or import business without this IEC code.

Breakeven Advisory, your trusted legal advisor, will help you in Import Export Code registration in Madhya Pradesh. Breakeven Advisory will take care of all legal formalities and fulfil the compliances at a very reasonable price.

Growth of Business:

IEC assists you in taking your product or services to the global market and grow your businesses.

Availing Several Benefits:

The Companies could avail benefits of their imports/ exports from the DGFT, Customs, Export Promotion Council, etc., on the basis of their IEC registration.

No Filing of returns:

It does not need the filing of any returns and once selected, there isn’t any obligation to follow any sort of processes for sustaining its validity, even for export transactions and there isn’t any requirement for filing any returns with DGFT.

Easy Processing:

It is easy to get IEC code from the DGFT within a period of 10 to 15 working days after submission of the application and there isn’t any need to provide proof of any import or export for getting IEC code.

1. Individual’s/Firm’s/Company’s copy of PAN Card

2. Individual’s voter id/Aadhar card/passport any of these

3. Individual’s/company’s/firm’s cancel cheque copy of current bank account

4. Copy of Rent Agreement/Electricity Bill Copy of the premise

5. Basic Details of Proprietor/Partner/Director

IE Code registration is permanent registration which is valid for a lifetime. Hence, there will be no hassles for updating, filing and renewal of IE Code registration. It is valid until the business exists or the registration is revoked or surrendered. Further, unlike tax registrations like GST registration or PF registration, the importer or exporter does not require to file any filings or follow any other compliance requirement like annual filing.

As IE code registration is one-time and requires no additional compliance, it is recommended for all companies and LLPs to obtain IE code after incorporation.

An Import Export Code is required for import of any type of goods by a business. However, the following category of persons are exempted from obtaining an IE Code:

Importer and export by central Government or agencies or undertakings for defence purpose or other specified lists under Foreign Trade (exemption from the application of Rules in certain cases) Order, 1993.

Import or Export of Goods for personal use.