IEC Registration Consultant
Are you looking for an IEC Registration Consultant? We are India’s Best Import Export Code (IEC) Registration Consultant, providing services across India. Every importer who wants to import products from outside India and every exporter who wants to export their goods outside India can benefit from our expertise. We can provide you with an IEC Registration Certificate within 30 minutes. Connect with our experts for IEC Registration Consultant requirements, documentation, processes, and pricing.
Get IEC Registration in 30 Mins
Import Export Code
Import Export Code, also known as IEC, is a unique number for importers/exporters obtained from the Directorate General of Foreign Trade (DGFT). The DGFT governs the rules and regulations related to import and export in India. No person or company is eligible to engage in export or import activities unless they hold a valid and active IEC issued by the DGFT. Additionally, IEC is required for service providers if they are availing benefits under the foreign trade policy or have specific activity requirements.
Every manufacturer exporter and merchant exporter requires an Import Export Code for selling and sending goods/products outside India. Importers or traders need an IEC for purchasing goods from outside India. Further, Government has certain subsidies and export rebate scheme under that, every exporter receive the benefits of tax rebate, to claim that rebate IEC Registration is Compulsory. We provide instant registration of IEC. Connect with Our IEC Registration Consultant/Expert to get your IEC certificate instantly.
Benefits of Import Export Code Registration
Activities that can be conducted by Import Export Code registered units/companies include:
– Exporting goods globally
– Importing goods/products from around the world
– Availing benefits of tax rebates on exported goods
– Claiming subsidies under export schemes
Process of Import Export Code - Online Registration
Send us required document for Import Export Code Registration.
We will submit online IEC Registration Application.
You will get IEC Code (Certificate) Within 30 Minutes.
What is an AD Code, who issues it, and is an IEC required for obtaining an AD Code?
Definition of AD Code:
- An AD Code, or Authorized Dealer Code, is a unique identifier issued by authorized banks in India under the Foreign Exchange Management Act (FEMA).
- These authorized banks, including commercial banks and financial institutions, are sanctioned by the Reserve Bank of India (RBI) to carry out foreign exchange transactions.
Requirement for Foreign Exchange Transactions:
- AD Code is indispensable for various foreign exchange transactions such as imports, exports, and remittances.
- Its primary function is to track and regulate foreign currency inflows and outflows in accordance with FEMA guidelines.
Issuance of IEC for AD Code:
- Typically, obtaining an Importer Exporter Code (IEC) is a prerequisite for acquiring an AD Code.
- The IEC, a 10-digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India, is mandatory for entities engaging in import or export activities.
Purpose of IEC:
- IEC facilitates legal trading activities by providing a unique identification to importers and exporters.
- It streamlines the process of customs clearance and enables authorities to monitor international trade transactions effectively.
Integration of AD Code and IEC:
- The AD Code is often linked to an entity’s IEC to ensure compliance with foreign exchange regulations.
- This linkage ensures that foreign exchange transactions conducted by importers and exporters are transparent and in adherence to regulatory norms.
Regulatory Compliance:
- Both AD Code and IEC play crucial roles in ensuring regulatory compliance in international trade operations.
- They help in preventing illicit financial activities such as money laundering and unauthorized currency transfers.
Modification & Update in IEC Code
Any Modification on particular of Issued IEC Code require time to time updating. Further, Every Year IEC Code required proper KYC Submission.
FAQ's on Import Export Code Number
Yes, IEC Code is helpful in opening of Current Bank Account of Business. IEC Certificate is best option for opening of Bank Account.
No, GST Certificate is optional for IEC Registration.
Yes, IEC Can be taken on home address.