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Filingpoint IE Code registration in Kodambakkam is an important step for any business that intends to start importing and exporting products or services. It ensures the legal rights of the import and export business and gives it a boost in the market globally. Getting an IE Code is very simple and it allows the business to enter the international markets quickly and smoothly.
It is a 10-digit unique license that must be obtained by all entities who are involved in any kind of import or export of goods. It is issued by the Directorate General of Foreign Trade (DGFT) and it stays valid throughout the lifespan of the entity. IE Code registration can be done by submitting an online application in the form of ANF 2A along with the required documents to DGFT.
The IE Code can be obtained for Proprietorship, Partnership, LLP, Limited Company, Trust, HUF, and Society. Unlike other tax registrations like GST or PF, the IEC does not need any annual filing or renewal requirement and it has lifetime validity.
IEC registration in Kodambakkam is very simple and it can be completed in 15-20 days or less after submission of all the required documents to DGFT. The applicant must quote their IE Code in all shipping documents to identify their business. They must also mention their IE Code in all bank transactions related to importing or exporting.
The IEC Code is a proof of the existence of an entity doing import or export in India and it is used as a reference in documents such as letter of credit, Bank Realization Certificate, and others. It is also quoted by the Customs officials during port clearance and banks require it from exporters to process their transaction.
Contact Our Filingpoint team IE Code Registration expert +91 72999 72500
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