IE Code Renewal in Kodambakkam - Filingpoint
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Filingpoint IE Code Renewal in Kodambakkam is mandatory for all persons/entity that are involved in imports and exports of goods or services. IE code is a unique 10 digit number assigned by the Directorate General of Foreign Trade (DGFT) to all those entities engaged in Import and Export of goods or services. It is required for clearance of customs, transferring money to overseas banks and for obtaining several government licenses/permits.
Unlike GST and PF registrations, IE code registration is valid for lifetime. There are no hassles involved in changing/filing/renewing the IEC number. It is also recommended for all entities to get IE code after incorporation as it reduces the risk of transporting illegal goods.
The IE Code is a unique 10-digit code that has a lifetime validity. It is required to quote by the importers while clearing the customs and mentioned in various shipping documents. It is also required by the banks to process foreign currency transactions related to imports and exports . IE code registration provides various benefits and privileges to the entity including priority in government licensing and procurement, exemption from custom duty, cash refunds, duty drawback, preference in international trade exhibitions, etc.
Any individual, partnership firm, LLP, private limited company, trust, HUF and society can apply for the IEC. The application for IE code is to be filed in the Aayat Niryaat Form 2A at the regional office of the DGFT along with the necessary supporting documents. The IE Code is usually issued within 15-20 working days from the date of submission of complete application.
Contact Filingpoint IE Code Renewal Expert +91 72999 72500
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