Get IEC Registration (INR 4,499 /-)
IEC Stands for IMPORTER EXPORTER CODE. It is issued by the DGFT (Director General of Foreign Trade) and it is mandated that any person without an Importer-Exporter Code (IEC) number shall make no export or import unless specifically exempted. IEC doesn't require any renewal or filing once it's issued. Thus, it is advised to most companies to get IEC that is dealing in import/export, whether they need it at the moment or not.
Application fee is also required to be paid electronically using net banking or debit/ credit cards. Applicants with digital signatures would sign the application with their digital signature and submit the same online.
In case the applicant does not possess a digital signature, then he would be required to take a print out of the filled up application (without attachments), sign the same and submit it to the concerned RA, either by Post or at the counter.
Note: The fee for new IEC or amendment in existing IEC is Rs. 500/.
IEC gives you certain advantages such as no filling of returns, easy processing and renewal not required as it is a one-time process, hence in order to expand the business, one should go for Import/Export Code.
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