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The Importer-Exporter Code (IEC) is a necessary corporate identifying number for exports and imports. No one may import or export without first obtaining an IEC Number from the DGFT. 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 while importing or exporting services or technology. Consultant for IEC Code Agent (import export code) in Mumbai Maharashtra.

Advantage of IEC Registration

There are various advantages to registering for an IE Code in Mumbai, and we’ve mentioned a few of them below.

Expanding the company

The IE Code in Mumbai aids in the marketing of the registration holder’s services or products, as well as the expansion of their company.

 

Taking Advantage of a Variety of Advantages

Companies who register for an IE Code in Mumbai can benefit from the DGFT, the Export Promotion Council, customs, and other government agencies for imports and exports.

 

Processing is simple.

The time it took to get an IE code registration from the DGFT in Mumbai, which took 10 to 15 days after applying. There is no requirement to produce proof of exports or imports in order to obtain an IEC Code.

 

There will be no renewal.

Once obtained, an entity’s IE Code registration in Mumbai is permanent and does not require renewal. After then, the entity might utilise it to conduct export and import transactions.

 

What is the procedure for registering for an IE Code in Mumbai?

An application in this format – Aayat Niryaat Form ANF-2A – must be submitted to the Directorate General of Foreign Trade’s regional office (DGFT).

The needed documentation for identity and legal entity, as well as an address proof with bank account information and an ANF 2A certificate, must be submitted.

Once the application is complete, it must be submitted to the Directorate General of Foreign Trade, along with the required fee for IEC registration, using the applicant’s Digital Signature Certificate.

 

Finally, once the application is approved, the government sends the applicant a floppy copy of the Import Export Code Registration In Mumbai.

 

In some circumstances, the Import Export Code is not necessary.

According to the government’s most recent circular, the Import Export Code in Mumbai is not required for all traders who are registered under the Goods and Services Tax Act. In these situations, the trader’s PAN must be used as the IEC for all exports and imports.

If the products are being exported or imported for personal rather than commercial reasons, an Import Export Code in Mumbai is not necessary.

Imports and exports are handled by the Indian government’s departments and ministries, and designated charitable organisations are exempt from obtaining an IE code registration. Consultant for IEC Code Agent (import export code) in Mumbai Maharashtra.

 

FAQ

What documents are required to make and IEC registration?

To receive an IE code in Mumbai, one must present identification, address verification, and the business’s incorporation document, as well as a letter from the bank.

Is there any penalty associated with not having an IR code?

There is no such thing as a penalty for not having IEC. However, without the IE code registration, exports and imports are not possible.

What is the validity of IE code registration?

There is no need to renew IEC because it exists for the duration of the entity.

Are any returns filed with IR code registration?

Returns are filed with the IEC registration, not separately. Consultant for IEC Code Agent (import export code) in Mumbai Maharashtra.