IMPORT EXPORT CODE REGISTRATION IN TRICHY @ Rs 1500

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Get IE code Registration in Trichy @ Rs.1500/- .The promotional growth of India is somewhat depends on the international market. Revenue earning are perfectly balancing through the import and export. The current account with the national and international banks is acceptable only with the IE code Registration in Trichy Custom duties in India are following both the physical verification and technical ways to import the goods. Various types of export duties are following in the overall world. In the process of importing products, you can help the businesses in reducing cost, exporting products can also ensure to increase in sales and sales potential in a big margin. Businesses that focus more on exporting trend has the stat of expanding their vision and markets within their location, internationally or globally.

IEC is needed when import/export is done in both goods as well as services or technologies in which international trade is restricted by the Government of India as they pertain to national security, such as dealing in nuclear weapons, automatic guns, etc. International market is not a complex one. Every small business can obtain without their inferior level in the business.There are no filings required for DGFT even if the import or export transaction occurs. All rules and regulations of the government should be followed for IE code registration in Trichy.

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

  • Is IE Code (Import / export code) compulsory for import of goods?
    Yes, Obtaining IE code before Import or export of goods is mandatory.
  • 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.

  • Is IEC required for both Good and Services?

    Yes, IEC required for import and export of both good and services.

  • 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.
  • 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.
  • 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.
  • 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.
  • 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.

  • What are Restricted items in Import?

    Goods which are permitted only with the approval / license or permission are restricted goods.

  • 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.

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