Import Export
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IMPORT EXPORT CODE
The import export code is an identification number for international trade. It consists of 10 digits. IEC is issued by the Director General of Foreign Trade. Through Import- Export Code, traders can export and import one country to other country without any hindrance. In India, to be able to trade of goods across the border it is necessary for an individual/ company to acquire an individual/ company to acquire an Import-export code. If an import or export trader does not have an import-export code, then they cannot avail the government schemes and if he has an import-export code then he can take advantage of all these schemes.
Documents required for import- export code
- PAN card of individual or firm or company
- Voter ID or Aadhar Card or Passport
- Electricity bill or copy of rent agreement
- Cancel cheque of current bank account
Passport size photograph of individual
Benefits of Import-Export Code
- IEC has lifetime validity, so it is not required to renew and does not have to submit its renewal fees.
- Through this code, full schemes issued by the government can be availed such as subsidy offered by the government.
- It prevents illegal transport, through which a trader can import and export continuously without any fear.
- It gives the business an opportunity to do business on a global level.
Who can get Import-Export Code
- An individual or a company can take Import-Export Code. For importing and exporting, any trader can take IEC from his name or company’s name.
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How can Bizlaw India help you ?
Bizlaw India offers comprehensive services to ensure your success in the business world. Whether you are starting a new venture or expanding your existing business, we are here to fulfill all your needs related to import and export activities.
Our Services:
Registration Assistance:
- IEC Registration:
We assist you in obtaining the Importer Exporter Code (IEC), essential for smoothly operating your international trade.
- IEC Registration:
Compliance and Documentation:
- Customs Clearance:
Our experts facilitate seamless customs clearance for your goods, minimizing delays and extra costs.
- Customs Clearance:
Business Setup:
- Private and Public Limited Companies:
We simplify the establishment process of private and public limited companies, ensuring compliance with all regulatory requirements.
- Private and Public Limited Companies:
Frequently Asked Questions
The Importer Exporter Code (IEC) is a unique identification code required for any business involved in importing or exporting goods and services from India. It is issued by the Directorate General of Foreign Trade (DGFT). Without an IEC, you cannot legally engage in international trade.
Bizlaw India can assist you with the entire process of obtaining an IEC, from application to documentation and submission. We ensure that all requirements are met and help expedite the approval process.
Key documents required for customs clearance include the commercial invoice, packing list, bill of lading or airway bill, import/export declaration, and any licenses or permits specific to the goods being traded. Bizlaw India helps prepare and verify all necessary documents to ensure smooth customs clearance.
Our team stays updated with the latest international trade regulations and standards. We provide guidance on adhering to these regulations, assist with necessary documentation, and offer compliance support to avoid any legal issues or delays in your trade operations.
Yes, Bizlaw India offers assistance with securing trade finance options such as letters of credit, export credit insurance, and other financing solutions. We advise on the best payment terms and help manage foreign exchange risks to ensure smooth financial transactions.
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