Online Importer Exporter CodeIEC Registration in Chhattisgarh

IEC code registration in Chhattisgarh is a 10-digit alphanumeric code required by a business for exporting or importing goods. It is issued by the Directorate General of Foreign Trade (DGFT). Every business in Chhattisgarh involved in Importing and Exporting of goods are required to obtain Import Export License.

Read to know everything you need to know about IEC code and how to get Import Export Code in Chhattisgarh

IEC Certificate [Sample]

IEC code allows you to operate import export business in Chhattisgarh. Apart from that, It comes with some additional benefits. Let’s take a look on how obtaining an IEC code will help your import export business in Chhattisgarh.

1. Overseas Business Expansion

• Import export code allows your product to reach the global market which results in huge business expansion.
• Obtaining an IEC Opens your door to the online international marketplace like Alibaba and Amazon.

2. Legalize foreign trade.

IEC code facilitates your overseas trade and legalizes your import and export business in Chhattisgarh. It makes your trade across borders easy and legal.

3. Import/Export Subsidies in Chhattisgarh

• An exporter in Chhattisgarh can claim a refund on taxes imposed while exporting goods.
• If you promise to import goods within a specific time, The government even waives some import duties as well.

4. Easy Registration process

• You can get an import/export code registered by providing some basic documents like PAN card, Address proof, Bank details etc.
• There is no need to fulfill any compliances like annual filings or return fillings. It is a hassle free process.
• The entire registration process is online. There is no need to go anywhere to obtain an IEC.

5. Facilitates Electronic Fund Transfers (EFTs)

EFT is a new service offered to exporters that allows them to pay the license fee online via the internet rather than visiting a bank to make the payment.

Following documents are required for IEC registration in Chhattisgarh:

1. PAN card copy of the applicant entity.
2. Address proof of the company( Electricity Bill)
3. Lease/Rental Agreement if the office is rented.
4. Canceled Cheque copy of current bank account.
5. Sale deed if the company is self owned.
6. Digital Photograph(3*3)

There are various instances where you must have an updated IEC code. These are as follows.

• When an importer in Chhattisgarh has to clear his shipments from the customs then an Import Export code is required by the customs authorities.
• The IEC code is required by the banks when the money is sent abroad through banks by the importer in Chhattisgarh.
• The Import Export license is required by the customs port when the shipment has to be sent by the exporter.
• The IEC code is required by the banks when the money is received in foreign currency directly into the exporter’s bank account.