IEC Code Registration in Gurgaon – Apply Online via DGFT at ₹1,499

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

• Overseas Trading: 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.
• Legalize Business Overseas: 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.
• Online Service: Now obtaining an IEC can be done at the ease of sitting at home through the IEC Online Apply Process through DGFT Portal. If you provide accurate and complete documents, then you can receive them at your home. No need to visit government offices.
• Export/Import Subsidies: 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.
• Necessity at Customs: 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 transshipped through Indian ports must include the Indian consignee's IEC code.
• Facilitates Electronic Fund Transfer (EFT): 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.

If you’re planning to start import or export activities in Gurgaon, having an IEC Code becomes essential for smooth business operations. It is required in various situations where goods or services are traded internationally. Understanding when you need an IEC Code helps you avoid delays and stay compliant with regulations.

• When an importer 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.
• 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.