IMPORT EXPORT CODE REGISTRATION IN MADURAI @ Rs 1500
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Get IE code registration in Madurai @ Rs.1500/-. The IE code stands for import and Export code. Most of the companies which has the objective of import and export business must need this IE code registration in Madurai. We at Shoplegal provides IE code registration in Madurai but IEC is not required for agricultures, certain charitable organizations. The government ministries and departments also do not require the IE code. The registration number for the IE code was previously obtained by the IEC department. But now the IEC registration number is the PAN card number for any of the applicants. If a person has many different proprietorship firms he can obtain only one IE code registration since the IE code is PAN based.
The complete functioning of IE code is governed by Foreign Trade Regulations rule. A large scale benefit of the import is there is reduction in the manufacturing costs of the product or of the service and nowadays many things are imported from foreign countries like smart-phones, bike and cars which are more affordable than the native country. The documentation process is very easy and no annual maintenance. We at Shoplegal pioneer in providing the IE code registration in Madurai at an affordable cost to your satisfaction.
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.