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Filingpoint IE Code Registration in Vadapalani is mandatory for any entity that intends to import or export goods and services from or into India. It is a 10-digit code that is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It is necessary for obtaining benefits from the government agencies such as DGFT, Customs and Export Promotion Council. It also helps in resolving banking transactions when foreign currency arrives during exports / imports.
Obtaining an IE Code helps businesses in entering the international market and opens doors for growth and expansion. The process of obtaining an IEC is easy and hassle-free and requires only a few documents to be submitted. It can be applied for by individuals, partnership firms, LLPs, limited companies, trusts and HUFs.
As compared to other tax registrations such as GST and PF, obtaining an IEC doesn't require annual filing or renewal. Its validity is lifetime and can be used by any business that has a registered office in India.
Unlike other business registrations, an IEC is required for all businesses that are engaged in the import and export of goods and services. It is a vital identification that can be quoted by the importers during clearance of customs and banks while sending money abroad. It is a unique code that allows the businesses to avail many advantages from the government agencies like DGFT, EPC, and Customs. In addition, it also allows them to get a loan from the bank.
Contact Our Filingpoint team IE Code Registration expert +91 72999 72500
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