The IEC or Import Export Code is a 10 -digit code required by an entity or person to export / import goods / services. The authority to issue this code is given to the DGFT (Director General of Foreign Trade), Ministry of Trade and Industry, Government of India. This code is valid for life and does not need to be updated repeatedly. Code generation takes 5 working days, once the documents are submitted and the necessary corrections are made.
CEI codes can be called by many names, such as import-export code, import-export code, import-export license, export-import number, IE code, IE license, etc. Applicants can issue this code with their name or Company name. Once issued, it applies to all branches / divisions / units / factories of your company.
IEC registration helps entrepreneurs open the door to venture into global markets, including registration with online e-commerce operators.Businesses can avail government programs such as the Export of Goods from India (MEIS) program, the Export of Services from India (SEIS) program and other customs and export promotion programs. There are no registration compliance requirements and therefore maintaining a business is relatively easy. The IEC procurement process is not tedious and can be achieved with a minimum of basic documents.The Documents Required Are Relatively Less For Iec Registration. Only A Few Documents Are Required Which Are Listed Below For A Better Scope.
PAN card of the individual or company Copy of the entity’s government ID (Driving license/Aadhar/Voter ID) Incorporation certificate/Partnership deed Personal or company’s current bank account statement Address proof (Electricity bill/rent agreement/sale deed of the office location Copy of cancelled cheque leaf of the current account
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