How to Register an IE Code (Tamil)

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IE code Registration in Chennai
Overseas trade is not a new thing in India Over 1000 years ago. The Cholas excelled in foreign trade and maritime activity, extending their influence overseas to China and Southeast Asia. Towards the end of the 9th century, southern India had developed extensive maritime and commercial activity. The south Indian guilds played a major role in interregional and overseas trade.
What is IE Code
IEC Stands for IMPORTER EXPORTER CODE is a 10-digit unique code issued to a company or an individual who is about to do an import or export business. The IE code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IEC is a mandatory requirement and no person or entity shall make any import or export without an IEC number. In this article, you will understand the entire process of obtaining an IEC number.
Who can apply for IE Code
Any individual or a company that is about to start a venture to deal with International trade can apply for Importer and Exporter Code Registration.
IE Code is required in the following situations
1. When you import goods, IEC Registration is mandatory to clear the shipments from the customs authority
2. For exporters who need to send a consignment to some foreign country, an IEC Registration certificate is compulsory
3. Any Exporter or Importer who is about to receive or send money to a foreign country for business purposes, needs to submit the IE Code certificate.
Documents Required for IEC
Individual / Proprietor
Address Proof
PAN Card
Passport Size Photo of the applicant
Rental Deed of the Office Premises
Canceled Cheque Leaf
Business Entity
Certificate of Incorporation / Partnership Deed
PAN Card in the Name of Business Entity
Passport size photo of the Managing Partner/Managing Director
Address Proof of the Managing Partner/Managing Director
Rental Deed of the Office Premises
Canceled Cheque Leaf
IE Code Registration Process
The Authority for Registering the IEC is the Directorate General of Foreign Trade
Submission of PAN Card
Enter the Business Details and its proof of Incorporation
Enter the Director/Partner Details with proof
Submit the Bank Account details and the Cancelled Cheque
Make the necessary fee
Submit using the Digital Key
Verify the status using the PAN Number
Benefits of IEC
Capture an International Market
IE Code facilitates the individuals to expand the business Internationally and intensifies the standard of business. The use of the Import and Export Code reduces the trade barriers of countries that are members of the World Trade Organisation.
The primary document for doing Import & Export Business
IEC acts as a primary document to start international trade. It enables the organization or individual to trade across the globe.
Various Benefits
The IE Code Registered holders are eligible for various benefits provided by the Export Promotion Councils, and the DGFT from time to time.
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