IMPORT EXPORT CODE REGISTRATION IN HYDERABAD @ Rs 1500
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Get IE code registration in Hyderabad @ Rs. 1500/- . The IE code registration is pre-requisite to import and export the products from India and from any other countries. IE code registration is the first step to unlocks the international markets. Also it unlocks the business opportunities to the holder of IE code registration in Hyderabad. We at Shoplegal provides IE code registration in Hyderabad and also defines numerous benefits associated with it. The IE code registratered in Hyderabad does not any monthly return filing as required in case of GST registration. The Benefits of registration can be taken from DGFT, Customs and Export Promotion Council. The organization can enjoy the benefits of the subsidies for their Import/Export.
Any individuals and the Companies can have the IE code registration in Hyderabad. Also for the compliance of E-BRC, the IE code registration is needed. Recently the DGFT has announced to have new Digital platform to cater the services which is relating to the IE code issuance. The traders are enabled to file the forms electronically. Also advance authorization and Export Promotion Capital Goods schemes related to the IE code have been introduced. Also it is said that the IEC is not mandatory for the traders who are registered under GST. In all such cases traders can be construed as new IE code. Shoplegal is the best consultant in providing the IE code registration and its related services promptly.
Advantages of obtaining IEC
NO renewal required :
IEC issued once need not be renewed, One can use the IE code issued till the existence of entity without any limitation in transactions such as Export or Import
Return filing not required :
IE Code obtained need not require any return to be filed like GST. Even the import or export of goods done with the IEC code, No need of filing return.
Individuals can obtain IE code:
Even individuals can obtain IE Code in their name. It is not mandatory to incorporate a new business entity to obtain IE code
Modification In IEC
If a Business entity wants to change any details in Import Export Code (IEC), Modification in IE code can be possible only after submitting necessary documents with required changes.
Documents Required For Iec
Proprietorship
Proprietor PAN- Cancelled cheque
- Id proof
- Address proof
- Office Rent Agreement
Partnership
- Firm PAN copy
- Cancelled cheque
- Id proof - Partners
- Address proof
- Office Rent Agreement
PVT Company
- Company PAN
- Cancelled cheque
- Id proof - Directors
- Address proof
- Office Rent Agreement
LLP
- Firm PAN
- Cancelled cheque
- Id proof - Partners
- Address proof
- Office Rent Agreement
FAQ on IECode Registration
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Is IE Code (Import / export code) compulsory for import of goods?Yes, Obtaining IE code before Import or export of goods is mandatory.
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Under what circumstances IEC is not required to be obtained?Goods are imported for personal use which are not connected with manufacture or trade.
Goods are imported by Government ministry/ department.
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Is IEC required for both Good and Services?
Yes, IEC required for import and export of both good and services.
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Is it possible to get more than one IE code for a single pan?No, it’s not possible to obtain more than one IE code for a single PAN.
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Is there any renewal or return filing required for IEC?Import export code is a onetime license it’s valid for life time and there is no requirement to file return for IEC obtained.
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What is ITC codes and How to find the respective ITC code for our product?ITC codes are known as Indian Trade Classification or HS Code was adopted in India for import-export operations. Indian Customs provide a Eight Digit ITC(HS) Codes which suits Indian trade requirements.
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Is import through courier allowed?Import through a registered courier service is allowed, Even though importability of such item should be regulated in accordance with Foreign Trade Policy.
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What is the procedure for import of goods along with the passenger baggage?
Household goods and personal effects can be imported as part of passenger baggage as per limit, terms and conditions notified by Ministry of finance
Samples of freely importable items under Foreign Trade Policy also be imported as part of baggae without any approval.
Exporters coming from outside India are allowed to import patterns, drawings, labels, price tags, belts, buttons and other related items as part of their baggage without any authorization.
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What are Restricted items in Import?
Goods which are permitted only with the approval / license or permission are restricted goods.
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Is there any penalty on not having an IE code?
There is no penalty on not having an IE code but import and export is not possible without an IE code.