CONNECT TO AN EXPERT
The Import Export Code (IEC) is a ten-digit alphanumeric code assigned to an entity to carry out import and export business in India. IEC is assigned to an individual or business organization based on its Permanent Account Number (PAN). Without initially acquiring an IEC Number from the Directorate General of Foreign Trade (DGFT), no one can do import or export business. Any corporate entity, including individuals, can register for import or export in India to carry on import and export business.
IEC is a necessary corporate identifying number for exports and imports in India. No one can import or export without first obtaining an IEC Number from the DGFT. While importing or exporting services or technology, the IEC will be necessary only when the service or technology provider is taking advantage of the Foreign Trade Policy or dealing with specific services or technologies.IEC is issued in electronic form (e-IEC) by the DGFT, which is part of India's Ministry of Commerce.
Advantages of IEC registration
IEC code allows businesses and individuals to conduct import and export business. Businesses and individuals gain greatly from receiving the IEC while conducting import and export commerce. Following are some of the benefits of IEC registration:
Offices in India
Credence Corporate Solutions Pvt Ltd is one of the leading Online Business Solution Company in India, where any Large, Medium or Small business houses as also Entrepreneurs get Start-up services and Taxation solutions. One stop business set-up and corporate services company. We are a team of Professionals and Associates like Chartered Accountants, Company Secretary and Consultants with vast knowledge and experience, committed to provide consistent, customized and workable solutions in the fields of ROC, Taxation, Accounting, Labour Laws, Audits, etc...Read More
Get the latest company news, corporate information, and more on Credence Corporate Solutions. View this section for the recent information on Company Registration, Licenses, GST, Income Tax, Trademark, Product Mark and other topics. Get to chat with our business experts, read business articles, and stay up-to-date on the newest business news.
Non-Banking Financial Companies (NBFCs) provide various financial services to individuals and businesses. 1) Bajaj Finance: Consumer finance, personal loans, home loan...Read More
Managing Risks Faced by Non-Banking Financial Companies (NBFCs) 1. Credit Risk: Risk: The risk of financial loss arising from the failure of borrowers or counterpar...Read More