IMPORT EXPORT CODE REGISTRATION IN KARUR @ Rs 1500
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Get IE code Registration in Karur@ Rs.1500/-. Every trader who wish to import or export of goods or services from India need to have a valid IE Code. We at Shoplegal provide IE Code registration in Karur must be mentioned in all relevant customs documents while doing export or import. IE code binds with the strict principles structured from the foreign trade policy. Inward and out ward policies are playing their crucial role in the world level export. To avoid the lacking of domestic trade, the goods must be enough to their own country and the remaining will be send to the world market.
Foreign trade policies are providing profit in the term of business.Inward policy gives the important for the domestic growth of nation with the own product.The Bankers will suggest to have valid IE Code for making payments abroad. Pan based registration is followed in this type of process. There is no specific criteria for applying for IEC. Businesses can gain big margin through import and export business. The person who is eagerly engaging in import business should compulsory have an IE code registration Certificate in Karur. Shop legal encourages new booming companies and we are one of the finest legal service providers in Karur.
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.