Import Export License Online
Import & Export Code is to be obtained by the business entity for import into or export from India. Import & Export Code is popularly known as the IEC number. Import & Export Code is a ten-digit unique number issued by the Directorate General of Foreign Trade (DGFT). IEC registration certificate is mandatory for a business involved in import and export. Hence, before initiating an import of goods into India, an importer must ensure that the importing entity has GST registration and IE code – both of which are required to clear customs. If an importer does not have both IE code and GST Registration, the goods will be stuck at the port and start incurring demurrage charges or could be destroyed.
Benefits of Import Export Lic?
Securing an Import-Export License (IEC) in India offers numerous advantages for businesses engaged in international trade. Firstly, it provides legal recognition and authorization for importing and exporting goods, ensuring compliance with customs and foreign trade regulations. This license is a prerequisite for businesses seeking to participate in global trade and accessing international markets. Secondly, an IEC makes it easier for companies to establish partnerships and collaborations with foreign counterparts, fostering cross-border trade relationships. It also enables access to various export promotion schemes and benefits, such as duty exemptions and tax incentives, which can enhance competitiveness and profitability. Moreover, an IEC streamlines customs clearances, reducing trade-related delays and ensuring smoother logistical operations. Overall, the Import-Export License simplifies international trade, boosts market reach, and facilitates business expansion into the global arena, contributing to the growth and success of Indian businesses on the international stage.
Document Required
- Proof of establishment/incorporation/registration
- Proof of Address
- Proof of Firm’s Bank Account
- User should have an active DSC or Aadhaar of the Firm’s member for submission.
- Mobile No & Email ID