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Benefits Of Import Export Code

Import Export Code<br>IEC means Importer and Exporter Code, which is obtained by the business entity for import into or export from India as part of business transaction. Registration of the code is applied under CHAPTER III of The Foreign Trade (Development and Regulation) Act, 1992. It is issued and allotted by the Directorate General of Foreign Trade (DGFT) as a 10 Digit unique number. The IEC Registration Certificate is deemed as the main document for the business which is into the imports and exports business.<br>

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Benefits Of Import Export Code

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  1. Benefits Of Import Export Code Import Export Code IEC means Importer and Exporter Code, which is obtained by the business entity for import into or export from India as part of business transaction. Registration of the code is applied under CHAPTER III of The Foreign Trade (Development and Regulation) Act, 1992. It is issued and allotted by the Directorate General of Foreign Trade (DGFT) as a 10 Digit unique number. The IEC Registration Certificate is deemed as the main document for the business which is into the imports and exports business. Any business entity including individuals can apply for the registration for import into or export from India. The renewal of Importer – Exporter Code is not required as IEC are allotted and granted with life-time validity i.e. till existent of the business. Application for IEC Registration is made online to DGFT accompanied with necessary documents.for more details you can join the Import export Course. Benefits Of Importer Exporter Code Import and export business is undoubtedly a great option for the people who are new to the business and willing to unlock the corridors of the international market with their product or service. Importer Exporter Code, also known as IE Code is a key requirement for such people which not only increases the growth and development of your business but also induces a certain level of standard of the business entity.For more details you can join Import Export training. Following are the Benefits of Import Export Code Global Market Reach Simple processing Unlocking the international market Lifetime validity

  2. Reduces illegal goods transportation Companies may entertain certain benefits Conclusion Obtaining Import Export Code is mandatory before commencing activities of Import or Export. Unless one has obtained this registration, the goods or specified services cannot be imported into or exported from India. The applicant engaging in exports is also required to get registered under GST as a specific category of registration is specified under the law. The necessity of IEC registration cannot be neglected as it is mandatory in nature.

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