Importer Exporter Code
Importers Require IE Code
All Importers who import goods into India require an IE Code. The IE Code must be quoted while clearing customs. Also, banks require the importers IE Code while sending money abroad.
Exporters Require IE Code
All Exporters who export goods or services from India require an IE Code. The IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad.
Lifetime – NO Renewal
IE Code is issued for the lifetime of the entity and requires no renewal. So once a IE Code is obtained, it can be used by that entity for all its import or export transactions without any further hassles.
No Return Filing
IE Code does not require the filing of any return. Once, an IE Code is issued there are no further procedures required to maintain validity of the IE Code. Even if import or export transactions occur, there are no filings required to DGFT.
Proprietors can have IE Code
Even individuals who are proprietors of a business can obtain IE Code in their name. It is not necessary to incorporate a business entity for obtaining IE Code.
IE Code can easily be obtained from DGFT within 15-20 working days after submission of the application along with all the necessary information. It is not necessary to show proof of any import or export to obtain IE Code.
IEC Code Registration
Samadhan.net can help your business obtain Import Export Code (IE Code) in 15 to 20 days, subject to Government processing time.
Samadhan.net Tax Expert will prepare your IE Code Application in the prescribed format along with the necessary supporting documents and obtain your signature in the application.
Once the application is prepared, Samadhan.net will submit the IE Code Application to the Directorate General of Foreign Trade for further processing and allotment of IE Code.
IE Code Allotment
Once the application and the attached supporting documents are verified, the Directorate General of Foreign Trade will allot a IE Code for your business.