Getting an IE code registration in Coimbatore is mandatory to start an export business in India. IE code license helps a lot for the business development in emerging industrial city like coimbatore as well as in the global market. Smartcorp is the leading legal service firm in Coimbatore and we serve in Rathinapuri, Selvapuram, SivanandhaColony, RamNagar, Gandhipuram, R.S puram and Tatabad. IEC has been made mandatory by the Foreign Trade policy issued by the government of India. No commercial import or export can take place without a valid IEC code. Doing export or import without the IEC code is illegal in our country.The government of India has taken various steps to ease the policies relating to exports in India and which helps in decreasing the corruption and improving the trade business.
IE code registration in Coimbatore is crucial. IEC means Import Export Code that contains a ten digit number given by DGFT. Obtaining this code is mandatory for bonafide companies or individuals who are interested to begin a business of import and export in our country. All the traders and manufacturers who are involved in any commercial import or export should have the Import Export code. The customs will not allow for clearance of goods unless the importer holds an Import Export Code (IEC) with him from the regional authority. IE code registration in Coimbatore will be useful for exporters in the transaction of money and in shipments. Smartcorp provides enormous legal services. We have done several IE code registrations with our legal experts around all over Tamilnadu.
Documents Required For IE code Registration
- PAN card copy of the firm is needed.
- Copy of Aadhaar Card is required.
- Recent electricity bill is required.
- Cancelled check copy from the current Bank Account is required.
Benefits of IE code registration in Coimbatore
- Expansion of business:
Registering for Import Export Code will be helpful in the expansion of business.
- No return filing:
Return filing is not needed.
- Renewal is not needed:
Lifetime validity is provided for IE code registration in Coimbatore. So ,there is no need for Renewal.
- Simple documentation:
Documentation is very simple for IE code registration process.
- Pan based registration:
The pan card of the organisation is needed for Iec registration.
Reasons to Register IE Code
- Importers Require IE Code
Importers who import their goods into India require an IE Code.
- No Return Filing
Once, IE Code is issued there are no further procedures required to maintain validity.