Import Export Code Certification
An Importer-Exporter Code (IEC) is a crucial identification number used for importing or exporting goods in India. Obtaining an IEC is mandatory, unless exempted.
An IEC Certificate is also known as an Export License, Import License, IE Code, IEC Code, EXIM License, and EXIM License. With the implementation of GST, the IEC issued is the same as the firm's PAN. Any type of firm can obtain an Importer-Exporter Code, including proprietorships, partnerships, LLPs, limited companies, trusts, HUFs, and societies.
When will there be requirement of IE code?
At following instances, the IE Code would be required:
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When an importer needs to clear their shipments with customs, it is necessary to comply with customs regulations.
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When an importer sends money abroad through banks, the bank requires it.
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When an exporter needs to send their shipments, it is required by the customs port.
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When an exporter receives foreign currency directly into their bank account, the bank requires submission of their Importer-Exporter Code.
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When it comes to obtaining an Importer Exporter Code Certificate, Udyami Mart Services Pvt Ltd can help you with the required documentation, online application filing, and coordination with the appropriate authorities.