Welcome to Filingpoint IE Code Registration in legal Expert +91 72999 72500
Filingpoint IE Code Registration in Nungambakkam is a mandatory requirement for any business that intends to import or export products and services in India. It is a unique identification number that is issued to all businesses engaged in the import-export business by the Directorate General of Foreign Trade (DGFT) Ministry of Commerce and Industry, Government of India.
The process of obtaining IE Code is simple and fast. It requires a minimum set of documents including a cheque leaf, pan card, and passport-sized photo. It is also possible for individuals to obtain IE Codes as long as they are the owner of the company and have the authority to operate it. This helps to reduce the transport of illegal goods as the IE Code acts as proof that the company is legitimate.
IE codes can be used by any business including sole proprietorships, partnership firms, private limited companies, LLPs, trusts, HUFs and societies. Moreover, it is a lifetime enrolment and does not require renewal or filing of returns like GST and PF registrations.
After the application and the supporting documents are verified by the DGFT office, it takes 15 - 20 working days or less to get an IE Code. Once the IEC is allocated, the Importer/Exporter can quote it while clearing customs or using it at their bank to send money abroad. IE Codes are also required by banks for receiving money from overseas in foreign currency. Hence, it is recommended that most businesses and even individuals obtain IECs.
Contact Our Filingpoint team IE Code Registration expert +91 72999 72500
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