IE Code Registration In Chennai

We Solubilis one of the best professional companies register your IECode registration in Chennai.

We have more than 5 years of experience in application of IE Code.

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IE Code Registration in Chennai

We Solubilis one of the best professional companies register your IECode registration in Chennai. We have more than 5 years of experience in application of IE Code. Our team of professionals and dedicated individuals aims for the clients to be satisfied for our service.

What is Importer Exporter Code (IEC)

The first and foremost thing is to get an IEC before you begin any import/export business in India. An IEC is important for import/export of products. Just in case the import/export is of services or technology, IEis needed in only limited circumstances, once import/export is in specified services or technologies in which government of India restricts some international trade as they pertain to dealing in nuclear weapons, national security, automatic guns etc.

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Bringing and enhancingyour products or services to the international market can expand your businesses.Individuals or a corporate can get an IEin order to do international business. Individuals can use their name explicitly or else can use his proprietorship firm name to apply for IEC.

Importance of IEC

IEcode is a ten digit code which will be issued by the DGFT(Director General of Foreign Trade), MOC(Ministry of Commerce) and the Government of India to the companies in India and the individuals to carry out international trade. It is a mandatory one for any trade by means of import and export.

Features Of IEC Registration

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  • Benefits?
    • No need to file any periodical returns since there is no any compliance requirements.
    • No annual maintenance fee for IEC, as there is no legal compliance prescribed.
    • IEregistration is permanent for lifetime, no need of renewal.
  • Importance of IEC?
    • It unlocks international markets, which implies that it can even register for international online markets where we can get all our day to day provisions.
    • India incorporates a policy of exporting a product not the taxes, so there would be numerous export incentives.
    • We can claim various taxes paid while exporting the goods. Government impose some import duties if you promise to import/export goods within the time frame.
  • PROCEDURES FOR STARTING IMPORTS & EXPORTS

    1. Owning a bank account with an authorized dealer
    2. Getting of Permanent Account Number (PAN)
    3. Getting Import-Export Code Number (IENo.)
    4. Getting Business Identification Number (BIN)
    5. Registration with Excise Dept.
    6. Getting membership of Export Promotion Council
    7. Getting Enrollment Number
    8. Getting Identity Card
    9. Appointing clearing House Agent (CHA)

  • Registration Requirements?

    1. Registration with regional licensing authority( Getting IEnumber)
    2. Customs BIN (Business Identification Number)
    3. Export Promotion Councils for Registration (Only for Exporters)
    4. Registration with Sale Tax Authorities
    5. Registration with Income Tax Authorities (PA No.)
    6. Excise Registration (for Manufacturers)
    7. Registration with RBI