The Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry in India. It serves as a mandatory registration for businesses and individuals engaged in international trade, acting as a critical document for importing and exporting goods and services.
The IEC functions as a business passport that enables smooth customs clearance, facilitates international transactions, and ensures compliance with trade regulations. It is essential for receiving customs clearances, processing international payments, and availing government export promotion schemes such as MEIS and SEIS. Businesses can obtain this code by submitting an online application with the required documents and paying appropriate fees, after which the DGFT automatically generates and sends the certificate via email.
Any individual or business entity, including sole proprietorships, partnerships, private and public limited companies, and trusts involved in commercial import or export activities, can apply for an IEC. The code has lifetime validity and is crucial for enhancing a business’s credibility in the international market, helping the government track trade statistics, and preventing unauthorized trade activities.
Discussion with the client will be held for identifying the requirements to process IE code application. In this phase, we also get details of any existing IE code if already been applied for migrating and updating in login.
Register digital signature for IE code online application for private limited company or partnership firm in some cases.
Documents submitted by clients are verified and validated carefully. IE code application is approved automatically therefore in order to mitigate future complications additional attention is given to verification of documents required for import export code registration.
Online IE code application will be submitted and PAN-based IE code number will generated using Aadhaar authentication or through digital signature if available.
Information regarding the process to update or modify IE code registration data, and renewal of IE code is provided to the client.
Tax expertise involves specialized knowledge in tax law and accounting, helping clients minimize liabilities while ensuring compliance. Tax advisors, including CPAs and attorneys, offer tailored strategies for individuals and businesses to navigate complex tax situations effectively.
Cost efficiency refers to the ability to minimize costs while maximizing output and quality. It involves optimizing resources to achieve the best results without unnecessary expenditures, enabling businesses to enhance profitability and competitiveness.
It's being fully prepared for an audit, ensuring accurate financial records and compliance with relevant standards. It involves maintaining organized documentation, implementing internal controls, and conducting assessments to identify gaps before the audit occurs.
Register Mitra can significantly save time by streamlining processes and providing instant access to services. It simplifies application submissions, offers quick updates, and enhances efficiency in managing tasks, allowing users to focus on core activities.
