If you are into a business that needs importing and exporting of goods, then you must have an Importer Exporter Code.
Every business with import and export of goods needs an Importer Exporter Code (IEC), without which you cannot import or export anything. To apply, it's not necessary for you to be a registered entity, you could apply as an individual. To mention, IEC does not apply to technology and services. But this is essential for things for which international trade is restricted, like nuclear weapons and automatic guns. The IEC is a ten digit code and has a permanent validity. The IEC is issued by the Directorate General of Foreign Trade.
The IEC is valid anywhere within the county, in every branches or factory. It must be quoted when your goods pass through customs and when you send money abroad or receive the same from abroad.
The IEC a code. Once you get it, you can start your import and export. There is no need to file the transactions carried out under this code or pay any taxes.
We at Venture Support will help you file an application in the Aayaat Niryaat Form 2A (ANF 2A) format to the Regional Authority of the Directorate General of Foreign Trade (DGFT) in the region where the company's registered office is situated.
Within 2 working days, the IEC must be ready with all documents correct and submitted.
We make the paperwork and the process smooth and hassle-free. We also maintain exact clarity on the process and keep before you, the real picture to avoid unnecessary expectations.
Book a free, one hour consultation for us to answer all of your questions!
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