Import Export Code

What is an Import Export Code (IEC)?

The IEC is a code issued by the DGFT that permits a business to legally import or export goods and services in India. Without this code, businesses are prohibited from conducting any form of international trade, including importing goods for business use or selling products overseas.

Once issued, the IEC is valid for a lifetime, and it’s not necessary to renew it unless there are significant changes in the business’s structure or address. The code is linked to the PAN and bank account of the business, ensuring that all trade activities are legitimate and transparent.

Why is IEC Registration Important for Your Business?

1. Global Market Access
   IEC is a mandatory requirement for businesses that want to access international markets. Without it, your business cannot import or export goods and services.

2. Legal Compliance
   Having an IEC ensures that your business complies with the Foreign Trade (Development and Regulation) Act, 1992, and avoids legal hurdles when conducting cross-border transactions.

3. Seamless Transactions
   The IEC facilitates smooth international transactions by allowing businesses to open import-export bank accounts, make customs clearance, and apply for duty benefits or exemptions under various government schemes.

4. No Renewal Requirement
   Once obtained, the IEC is valid for the lifetime of the business and does not require renewal, unless the business undergoes major structural changes.

5. Eligibility for Export Benefits
   Businesses with IEC registration can avail of various export incentives and schemes offered by the government, such as export subsidies, financing options, and more.

6. Enhanced Credibility
   IEC registration enhances your credibility as a legitimate international trader, fostering trust with suppliers, customers, and global business partners.

Our Import Export Code (IEC) Registration Services

At Tax Bridge, we offer end-to-end services for obtaining your IEC registration smoothly and efficiently. Our services include:

1. Eligibility Assessment
   We assess whether your business qualifies for IEC registration and advise you on the necessary steps to ensure compliance with the DGFT regulations.

2. Document Preparation and Submission
   Our team helps gather the required documents for IEC registration, including your business PAN, Aadhaar, bank details, and more. We ensure that the application form is filled out correctly to avoid delays.

3. Application Submission
   We file your IEC application with the DGFT on your behalf, handling all the technicalities and paperwork associated with the registration process.

4. IEC Code Issuance
   After successful submission, we ensure that you receive your unique IEC number. This number can be used for all international trade activities, including customs clearance, payments, and compliance with export regulations.

5. Post-Registration Support
   Once you obtain your IEC, we offer ongoing support to help you make the most of it. We guide you on how to use your IEC for international trade and compliance, and assist with any issues or updates that may arise in the future.

Documents Required for IEC Registration

To apply for an Import Export Code, the following documents are generally required:

• PAN Card of the business or individual
• Aadhaar Card of the applicant
• Business Bank Account details (including a canceled cheque)
• Business Address Proof (rent agreement, utility bill, etc.)
• Photograph of the applicant (if applicable)
• Partnership Deed or Certificate of Incorporation (if applicable)
• GST Registration (if applicable)

Who Needs IEC Registration?

IEC registration is essential for:

• Businesses involved in importing goods or services to India.
• Businesses looking to export goods or services to international markets.
• E-commerce companies dealing in international trade or selling products globally.
• Freelancers and individuals engaged in cross-border trade and services.

Key Benefits of IEC Registration

• Access to Global Markets: IEC allows businesses to expand internationally by providing access to a broad range of global customers and suppliers.
• Simplified Process: The registration process is straightforward, and once completed, businesses can easily engage in global trade activities.
• No Renewal Required: IEC registration is valid for life and doesn’t need to be renewed, making it a one-time registration process.
• Customs Benefits: Businesses with IEC can import and export goods freely, including receiving support in customs clearance, export incentives, and related documentation.
• Tax Benefits: IEC registered businesses may also qualify for various government schemes, such as tax exemptions or subsidies related to export and import activities.

Why Choose Tax Bridge for IEC Registration?

1. Expert Guidance: Our team of professionals has in-depth knowledge of the IEC registration process and provides expert guidance at every step.
2. Efficient Application Process: We handle all the paperwork and ensure your application is processed without delays, saving you valuable time and effort.
3. Complete Transparency: We provide you with clear and concise information, ensuring you understand the process and requirements before submitting your application.
4. Hassle-Free Support: We offer comprehensive support from document preparation to the final issuance of your IEC code, ensuring a smooth and hassle-free experience.
5. Post-Registration Assistance: After your IEC is obtained, we continue to provide assistance and ensure your business remains compliant with all export-import regulations.

Start Your International Trade Journey with IEC Registration

If your business is ready to expand into the global market, the Import Export Code (IEC) is the first step toward a seamless international trade experience. At Tax Bridge, we make the process of obtaining an IEC registration quick, easy, and efficient.