IE Code Renewal in Vadapalani - Filingpoint


Welcome to Filingpoint Chartered Accountant for IE Code Renewal Expert +91 72999 72500

Filingpoint  IEC stands for Import Export Code and it is a 10 digit unique number for businesses and entities that carry out import and export of goods and services. This registration is valid for lifetime and it is issued under the authority of DGFT (Directorate General of Foreign Trade), Ministry of Commerce and Industry, Government of India.

This registration is mandatory for any business that plans to expand its market to the international level. Without this, it is illegal to carry out any import or export transaction in the country. Moreover, the registered entity can avail a lot of privileges and benefits by having this registration such as getting subsidies from the government through DGFT (Directorate General of foreign Trade), getting priority in clearing customs and shipment, and even receiving money from banks abroad.

Another reason why one should get this registration is that it makes transportation of illegal goods much more difficult as the holder needs to quote the code while clearing customs and also to send or receive funds from abroad. It also helps reduce fraudulent activities as a person carrying this registration cannot use it in the name of any other entity or individual.

Another benefit of this registration is that unlike tax registrations such as GST and PF, an importer or exporter does not need to follow any additional consistency requirement like yearly filing. The whole registration process is done online and it does not require any complicated documentation.

Contact Filingpoint IE Code Renewal Expert +91 72999 72500

 

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