Import Export Code Registration
All businesses which are engaged in Import and Export of goods require Import Export Code Registration. IEC is 10 digit code with a permanent validity. IEC is issued by the Directorate General of Foreign Trade (DGFT), DGFT, customs, Export Promotion Council, if they don’t have this code.
ADVANTAGES
- IEC code holder does not require filing of any returns.
- IEC Code is issued for lifetime and requires no renewal
- Even individuals who are proprietors can obtain the code in their name. It is not necessary to setup a business for the same.
- There is no compliance requirement for IEC.
- There is no need to file any periodical returns etc.
- There are no annual maintenance fees for IEC as there is no legal compliance.
DOCUMENTS IN RESPECT OF INDIVIDUAL/ PROPRIETOR/ PARTNER/ DIRECTOR
- Copy of PAN Card
- Passport size photograph
- Copy of Aadhaar Card/ Voter identity card
- Authorization letter (In case of Partnership)
- Authority from other Directors on letter head (In case of company)
- Copy of Partnership deed (In case of Partnership)
- Board Resolution/self-declaration (In case of Company)
- Cancelled cheque of individual
DOCUMENTS IN RESPECT OF ENTITY
- Copy of PAN Card firm/company
- Copy of Property papers (If owned property)
- Copy of Rent agreement (If rented property)
- Landlord NOC (Format will be provided by us)
- Cancelled cheque of firm
- Electricity/ water bill (Business Place)
- Telephone Bill in the name of the business
- Certificate of incorporation (In case of company)