CYNEP
CONSULTANTS
EXTEND YOUR LIMITS,
GO GLOBAL
Taking your product to the international market will expand your businesses.
Import Export Code
Taking your product or services to the international market will expand your businesses. The first requirement before you start an import/ export business in India is to obtain an IEC. IE Code is a compulsory code required by every business organisation who wants to import or export any goods or services from outside of the country. It is a 10-digit code which is issued by the Directorate General of Foreign Trade (DGFT). IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad. IMPORT AND EXPORT CODE Registration can be done through CYNEP CONSULTANTS all over India.
Features of IEC
NO RETURN FILING
IE Code holder does not require filing of any returns i.e. No further procedure required to be fulfilled once registration granted.
INVESTMENTS
STOCKS & BONDS
IE Code is issued for lifetime for an entity and also no renewal required, which means it is one time investment.
REAL ESTATE
IE Code enables companies/firms to avail certain benefits/subsidies on exports/imports from DGFT, Customs and export promotion council.
FOREIGN EXPOSURE
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