IEC (Import Export Code) registration services involve facilitating the issuance of an Import Export Code number, which is mandatory for any person or entity wishing to engage in import or export activities in India
Here’s an overview of what these services typically include:
Assessment of Requirement: Determining whether the business or individual needs an IEC based on their import-export activities and the goods or services involved.
Documentation Preparation: Assisting in gathering and preparing the necessary documents required for IEC registration, such as identity proof, address proof, PAN card, bank account details, and business registration documents (like company incorporation certificate).
Application Submission: Helping prepare and submit the IEC application electronically through the DGFT (Directorate General of Foreign Trade) online portal.
Follow-up and Communication: Monitoring the status of the IEC application and communicating with DGFT or relevant authorities to resolve any queries or provide additional information if required.
Tax Consultation: Providing advice and guidance on various aspects related to IEC registration, such as compliance requirements, benefits of obtaining an IEC, and implications for import-export transactions.
IEC Number Allocation: Facilitating the allocation of the Import Export Code number upon successful registration, which serves as a unique identification number for importers and exporters.
Post-Registration Compliance: Advising on the maintenance of records, filing of returns, and other compliance obligations once IEC registration is obtained.
Updates and Amendments: Assisting in updating IEC registration details (like change in business details or address) or surrendering the IEC if no longer required.
IEC registration services are crucial for businesses and individuals involved in international trade to comply with legal requirements, facilitate customs clearance, and avail benefits under various export promotion schemes. These services are typically provided by professionals such as customs brokers, export consultants, or firms specializing in international trade and customs regulations.