Export Import Code

(2 customer reviews)

Export Import Code

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₹2,999.00

Product price: ₹2,999.00
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Export Import Code

(2 customer reviews)

Understanding the Import Export Code (IEC)

The Import Export Code (IEC) is an essential requirement for businesses and individuals engaged in international trade activities in India. This unique 10-digit code, issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industries, Government of India, serves as a primary identifier for entities involved in the import and export of goods and services. It plays a crucial role in facilitating cross-border transactions by providing a standardized identification system for businesses operating in the global market.

Whether it’s importing raw materials for manufacturing or exporting finished products to international markets, having an IEC is mandatory for entities looking to engage in foreign trade activities. This code does not have an expiry date and remains valid for the lifetime of the entity, unless voluntarily surrendered or cancelled. Obtaining an IEC is a crucial step for businesses looking to expand their operations globally and comply with regulatory requirements governing international trade in India.

 

Key Details about IEC Code

Here’s what you need to know about the IEC:

  1. Mandatory Requirement: Obtaining the Import Export Code (IEC) is obligatory for any entity or individual intending to engage in international trade (import or export) in India. Without it, one cannot legally import or export goods or services.
  2. Lifetime Validity: Once issued, an IEC does not need renewal and remains valid for the lifetime of the entity or individual, unless voluntarily surrendered or revoked by the Directorate General of Foreign Trade (DGFT).
  3. One-time Registration: A single IEC suffices for a business entity, irrespective of its number of branches or business units. The IEC remains the same for all branches or divisions of the entity, streamlining the process.
  4. Exemptions: Certain categories of importers and exporters may be exempt from obtaining the IEC, depending on the nature and type of goods or specific guidelines provided by the DGFT.
  5. Primary Document: The IEC serves as a primary document for identifying an importer/exporter and is frequently required by customs authorities and other stakeholders involved in the international trade process.
  6. No IEC for Personal Use: Goods and services imported or exported strictly for personal use and not for any commercial or trade activities are exempt from the IEC requirement.

MyLawPoint for property document verification was 100% worth it. Initially, I hired a lawyer for bank loan document processing but was disappointed with their professionalism. MyLawPoint connected me with an expert advocate who articulated all possible pitfalls in purchasing the property (DC Survey 66/1 Chikkanagamangala) from Reliaable Developer. Their detailed legal report helped me avoid a potential loss of 80 lakhs. I'm grateful for MyLawPoint's excellent coordination and swift document collection. Thank you to their team for saving me from a risky investment.

Govind

I purchased a flat in Hyderabad, but the builder delayed possession beyond the committed date. This caused significant financial strain as I was paying high EMIs and rent, leaving me with no money at month-end. Feeling stressed and helpless, I discovered MyLawPoint. Their Property Expert Lawyer suggested sending a legal notice to the builder and appealing to RERA for the delayed possession. Thanks to their guidance, I received compensation from the builder for the delay and finally gained possession of my flat. MyLawPoint's support was invaluable in resolving this effectively.

Malani

I had an exceptional experience with MyLawPoint. Their support throughout the entire process, from Property Paper Verification to the Sale Deed Registration, was truly comprehensive and invaluable. The level of service they provided exceeded my expectations, and I am highly satisfied with the outcome. Their dedication to keeping me informed with timely updates at every step of the way further showcased their professionalism and commitment to client satisfaction. I wholeheartedly recommend MyLawPoint to anyone in need of legal support for their property transactions.

Gerald Gilbert

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Frequently Asked Question

Is Stamp Duty included in MyLawPoint's fee?

No, stamp duty is not included in MyLawPoint's fee. It should be paid separately, and our lawyers will assist you in procuring it.

How long does it take to register the property?

The time taken for property registration varies based on the sub-registrar office and property registration flow. Typically, after document submission to MyLawPoint, expect 3-7 days for lawyer-assisted property appointments with the local sub-registrar office.

Do I need to be present at the Sub Registrar Office?

Yes, while MyLawPoint handles appointments and formalities, your presence at the sub registrar’s office is required on the day of registration appointment.

Can an Agreement to Sell be cancelled?

Yes, an Agreement to Sell can be cancelled through mutual consent or if a condition in the contract permits cancellation. However, penalties or consequences may be specified in the agreement for cancellation.

Export Import Code

On Sale
(2 customer reviews)

Register your import export business under Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India.

Understanding the Import Export Code (IEC)

The Import Export Code (IEC) is an essential requirement for businesses and individuals engaged in international trade activities in India. This unique 10-digit code, issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industries, Government of India, serves as a primary identifier for entities involved in the import and export of goods and services. It plays a crucial role in facilitating cross-border transactions by providing a standardized identification system for businesses operating in the global market.

Whether it’s importing raw materials for manufacturing or exporting finished products to international markets, having an IEC is mandatory for entities looking to engage in foreign trade activities. This code does not have an expiry date and remains valid for the lifetime of the entity, unless voluntarily surrendered or cancelled. Obtaining an IEC is a crucial step for businesses looking to expand their operations globally and comply with regulatory requirements governing international trade in India.

 

Key Details about IEC Code

Here’s what you need to know about the IEC:

  1. Mandatory Requirement: Obtaining the Import Export Code (IEC) is obligatory for any entity or individual intending to engage in international trade (import or export) in India. Without it, one cannot legally import or export goods or services.
  2. Lifetime Validity: Once issued, an IEC does not need renewal and remains valid for the lifetime of the entity or individual, unless voluntarily surrendered or revoked by the Directorate General of Foreign Trade (DGFT).
  3. One-time Registration: A single IEC suffices for a business entity, irrespective of its number of branches or business units. The IEC remains the same for all branches or divisions of the entity, streamlining the process.
  4. Exemptions: Certain categories of importers and exporters may be exempt from obtaining the IEC, depending on the nature and type of goods or specific guidelines provided by the DGFT.
  5. Primary Document: The IEC serves as a primary document for identifying an importer/exporter and is frequently required by customs authorities and other stakeholders involved in the international trade process.
  6. No IEC for Personal Use: Goods and services imported or exported strictly for personal use and not for any commercial or trade activities are exempt from the IEC requirement.

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