Importer Exporter Code Registration In Nagpur
The Importer Export Code IEC is a key business identification number that is mandatory for both export as well as imports. Without obtaining the IE Code no individual can make export or import. The business or the individual is given a 10 digit code to export and import the product and services. The DGFT issues the import-export code registration in Mumbai.
When is the Import export code registration in Nagpurrequired?
The customs authorities require it to clear the shipments during the imports.
The IEC code in Nagpuris needed when the bank needs to transfer the money in case if imports are made.
Also during the exports IEC is required.
When the exporter is receiving the money in foreign currency, IEC is required to transfer the money directly into his account.
How to apply for the IE code registration in Mumbai?
Vide Public Notice no 27/2025 -2020 dated 8th august 2018 states amendment and the provisions of the amended paras as applicable concerning the application for IE code in Mumbai.
Exporters/importers are required to file an online application in form ANF 2A.
The applicant is required to submit only two documents one of them is address proof and the other is the cheque book and bank certificate.
Benefits of IE code Registration in Mumbai.
The Import Export Code Registration in Nagpurwill help you in taking the services or the products to the global market and growing the businesses.
To avail benefits
The Companies can avail various benefits of the imports and exports from the DGFT, export promotion council, customs, etc, based on their IEC registrations.
No need to file returns
IEC in Nagpurdoes not require any return filing, Once allotted there is no requirement to get an extension over the validity. Even while the export transaction is carried there is no need to file any returns with the DGFT.
The whole process of obtaining the IE Code in Nagpurfrom the DGFT can be done within a period of 10 to 15 days after applying. There is no need to provide any proof of the exports or imports for getting the IE code.
IEC code once obtained is effective for the lifetime of an entity and requires no renewal. Once it is obtained it could be used only by an entity against all the exports and the import transactions.
To know more about IE code, talk to our experts today.