IEC Code Registration in Faridabad – Apply Online at ₹1,499 Through DGFT

IEC Registration in Faridabad is an imperative procedure that needs to be followed by an individual or enterprise willing to engage in cross-border trade activity. IEC is a 10-digit unique code issued by the Directorate General of Foreign Trade (DGFT) that permits the import or export of goods and services to and from India.

In other words, for companies operating in Faridabad, an IEC is mandatory for customs clearance, receiving foreign payments, exporting services, and accessing benefits under the Foreign Trade Policy. Once the IEC is generated, traders can also register their AD code on the ICEGATE portal to activate port-based export and import operations.

IEC Registration in Faridabad provides key benefits that support smooth and legal import-export operations.

• Expand Your Business to Global Markets with IEC: The Import Export Code provides you the facility to expand your business to foreign countries. The basic and most important thing you would need while trading overseas is the importer-exporter code. IEC opens your road to expansion and growth on foreign lands.
• Make Your Import/Export Business 100% Legal: The code provides you the license to export your goods and services to any other country and to import the essentials of your business to your own country. It makes your trade across borders easy and legal.
• Apply for IEC Online – No Office Visit Required: Now obtaining an IEC can be done at the ease of sitting at home. If you provide accurate and complete documents, then you can receive them at your home. No need to visit government offices.
• Claim Export Subsidies & Government Tax Benefits: The government offers benefits such as export subsidies and excise tax concessions for imports. If the import is completed within the specified time period, certain tax reliefs may apply. For exports, subsidies are available on export taxes. These benefits are only available to those enrolled with the IEC.
• IEC is mandatory for Faridabad customs clearance: The importer's IEC Code must be declared to Customs, and the Bill of Lading must reflect this. All bills of lading for cargo destined for or trans-shipped through Indian ports must include the Indian consignee's IEC Code.
• Enable Electronic Fund Transfers for Exporters: EFT (Electronic Fund Transfer) is a service that allows exporters to submit their license fee via the Internet instead of visiting a bank. This aims to make electronic payments more convenient. Only electronically filed applications are accepted.

• When an importer has to clear his shipments from 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.
• 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.