IE Code Registration in Kodambakkam - Filingpoint


Welcome to Filingpoint Best IE Code Registration Expert +91 72999 72500

Filingpoint IE Code Registration in Kodambakkam is a mandatory requirement for individuals and businesses wishing to engage in import and export of goods and services from India. It is a 10 digit alphanumeric code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It is crucial for those venturing into international trade. It provides a unique identification and helps in establishing business globally. Moreover, it helps in facilitating banking transactions for dealing with foreign currency and is a part of various documents like Letter of Credit and Bank Realization Certificate.

Upon submission of all required documents, it takes 15 – 20 working days for DGFT to process the application and issue an IE code in your name. It is a vital number required for clearance of customs and shipping. It also mentions in all shipping documents, including commercial invoices and packing lists. Banks also require it to receive money from abroad.

Apart from being a mandatory requirement for those involved in the business of import and export, it is also a legal proof of your identity and address. It is a permanent registration and does not need any renewal or filing unlike other tax registrations like GST or PF. In addition, a single IE code can be used for multiple entities. Even individuals who are sole proprietors can get an IE code in their name without setting up a business entity. This is also a onetime process and costs less as compared to other fees and charges.

Contact Our Filingpoint team IE Code Registration expert +91 72999 72500

 

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