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IE Code Registration in Madurai & Karur

Corpstore provide IEC registration in major cities like Madurai and Karur. Import Export Code is commonly known as IEC is a ten digit code number given to an Importer or Exporter by Director General of Foreign Trade,Ministry of Commerce and Industries, Government of India. Any Entrepreneur who wishes to import to India or export something from India requires an import export code. It has a permanent validity. It helps to expand your business globally. To register Import Export Code a proper procedure is followed and it registration is governed by The Foreign Trade Act, 1992.

All businesses which are engaged in Import and Export of goods requires IEC registration. IE code has lifetime validity and it provides huge benefits. IE code can be obtained from the DGFT in 10-15 working days after submission of all required documents and application.

 IEC Code Registration in Madurai
What is the need of Import Export Code?

Import Export Code is a 10 digit number issued to any person or company by the Directorate General of Foreign Trade (DGFT), part of the Ministry of Commerce and Industry in order to carry his Import Export business in India smoothly.

Benefits of IEC registration:

  • It acts as a license for Importing and Exporting of goods and also primary proof for a firm as an Importer/ Exporter in India.
  • It is submitted to various government authorities to obtain benefits with respect to export and import from customs, DGFT, Export Promotion Council etc.
  • It provides code details along with the details of the port from where goods are being imported and exported.
  • To obtain IEC code the full information is needed to be provided regarding to the goods that are imported or exported.
  • IEC number is valid for all the divisions and factory units indicated on the IEC number.
  • With the help of IEC, goods are cleared from the customs authorities.
  • It helps in decreasing the transport of illegal goods.

IE Code Not Required

    An IE Code is required for import and export of any type of goods by a business. The following persons are exempted from obtaining an IE Code:

  • Importer and export by central government agencies or undertakings for defence purpose or other specified list under Foreign Trade Order, 1993.
  • Import or Export of Goods and services for personal use.

Documents Required For IEC Registration

The following documents are required to be attached with the IEC registration application -

  • PAN number.
  • Identity Proof.
  • Premises proof such as Rent Agreement, in case of rented property
  • Banker's Certificate.
  • Current Bank Account.
  • Company Cover Letter for the issue of IEC number.