Apr 20, 2019
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IEC Required in the following situations
If the Organizations or firms plans to do any import/export activities then it is mandatory. Without IEC, the Organizations or firms cannot perform any import/export activities.
Organizations or firms can take different advantages and or / subsidies from DGFT, Customs, and Export Promotion Council on their Import Export.
To clear or send his shipments from the customs then it is needed by the customs authorities or customs port.
An importer plans to sends money outside India through his banks then it is needed by the bank.
An exporter receives money in foreign currency directly into his bank account then it is required by the bank.
IEC Registration |IE Code |Import Export Code Registration |IEC Online Application.
Apply online for Import Export Code (IEC) registration. IEC is required for Cross-selling of Goods and/or Services from India (Outside the Domestic Boundaries). It is mandatory for all Importers / Exporters to mention their Import Export Code while Importing / Exporting Goods and/or Services from / in India. Benefits: To Expand Business Globally, Lifetime Validity, No Returns Filing.