Starting an import-export business is an exciting venture, but obtaining the necessary licenses, like the Import-Export Code (IEC), is the first critical step. Filertime specializes in making the IEC registration process quick and hassle-free. Here’s everything you need to know about getting started.
What Is an Import-Export Code (IEC)? IEC is a 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT) in India. It is mandatory for businesses engaging in cross-border trade of goods and services.
Why Do You Need an IEC? Legal Requirement: Without an IEC, you cannot import or export goods legally. Access to International Markets: IEC opens the door to global trade opportunities, helping you expand your business.
Steps to Obtain an IEC
Documentation: Gather required documents like PAN, proof of address, and bank account details.
Application: Submit an online application through the DGFT website.
Verification and Approval: Once verified, the IEC is issued within a few working days.
Why Choose Filertime?
Our experts handle the entire process for you, from documentation to submission, ensuring a smooth and hassle-free experience. With Filertime, you can focus on growing your business while we take care of the legalities.
Related Posts
Why Filing Your Taxes On Time Is Crucial
Filing your taxes on time is not just about adhering to government deadlines—it’s an essential step in managing your financial health and staying compliant with…
Read More
Top 5 Benefits of Registering Your Business
Registering your business is one of the most important steps in establishing a strong foundation for growth and success. At Filertime, we assist entrepreneurs in…
Read More