What is - Import Export Code Registration - Mumbai
An import export code is a unique 10-digit code that is required for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require their IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.
How to Register for an Import Export Code Registration - Mumbai
To get your import export license online, you will need to do the following simple IEC registration steps.
Documents Required - Mumbai
The documents required for an IEC registration are relatively easy to get together. Only a few documents are required, which are listed below.
Any type of business registration: sole proprietorship, partnership, private limited companies, charitable organizations dealing with import and exports of goods can register for import-export code, irrespective of the size. However, an IEC is not required for import/export of goods for personal use, which are not connected with trade, manufacture, or agriculture. There is no need for a business set up.
Exemption of IEC
Following permanent IEC numbers shall be used by non-commercial PSUs and categories of importers/exporters mentioned against them for import/export purposes.
Commercial public sector undertakings (PSU) who have obtained PAN will, however, be required to obtain the import export code number. The permanent IEC number as mentioned above shall be used by non-commercial PSUs.
Why GSTe-Services - Import Export Code Registration Mumbai
Our experts will guide you throughout the process, from filling up the checklist to processing the documents
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