Welcome to Filingpoint IE Code Renewal in legal Expert +91 72999 72500
Filingpoint Import Export Code (IE code) is a unique 10-digit number required by individuals and entities who are looking to kick-start their import and export business in India. It is issued by the DGFT (Directorate General of Foreign Trade), Ministry of Commerce and Industry, Government of India. The IE code is an essential document as it is required at every step of the import and export process - from clearing customs to shipping and international trades. Without a valid IE code, the business could face multiple complexities and even be suspended or cancelled.
IE code registration is an online and hassle-free process with minimal documents to be submitted. It takes around 10-15 working days for DGFT to issue the IE code after all the mandatory documents are submitted. Once the IE code is received, it will be linked with your Pan card and both the documents should be presented together when you are carrying out any foreign trade transaction.
IEC has several benefits including the opportunity to avail financial help through subsidies from the customs and other departments and reduce the transportation of illegal goods. Besides, it is also essential for those who are planning to expand their business overseas as the valid IE code allows them to access a wide range of international markets and foster stronger relationships with partners and suppliers abroad.
Unlike other tax registrations like GST and PF, IE code registration is a one-time process and it has a lifetime validity until the business ceases to exist or the IE code gets canceled or surrendered. In addition, it does not require any additional compliance requirement like yearly filing and return submission.
Contact Filingpoint IE Code Renewal Expert +91 72999 72500
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