SHOP REGISTRATION

It is simply a License to start your Business on a Global Level, you cannot work on a international level without IEC. DGFT (Director General of Foreign Trade) under the auspices of the Ministry of Commerce and Industries (MCI) issues IEC to business entities. The key advantage of registering for an IEC is that it is valid for a lifetime and no renewal is necessary for the Code.

IEC code is a 10 digit number based on your PAN. This code is allotted to the applicant within 1-2 days of application. 

Documents for IEC Registration:

• Address proof (Rent Agreement or Electricity bill and NOC) and
• Copy of Cancelled Cheque

Advantages of Import and Export Code Registration 

• Business Growth:Import and Export Code Registration helps an individual or business to sell products and services in the international market thus aiding business growth

• Lifetime validity– Import and Export Code is valid for lifetime and no renewal is necessary for the Code. 

• No compliance requirements– Import and Export Code Registration does not mandate any statutory returns or compliances to maintain IEC validity. 

• Subsidies on Exports– Business entities can claim subsidies on exports based on their Import and Export Code from DGFT, Customs etc. 

Process to IEC code:

• It is 100% online application, certificate is approved within one day of completion and uploading of your documents
• No Digital Signatures are required for IEC code now.