1999
Import Export Code helps you in order to take your business to the international market. Not only that, it will increase your revenue as well as growth.
The Niryat Bandhu scheme of DGFT Main Objective is to Help Entrepreneurs, Exporters, Importers, and students of this Subject to help learn and provide certification in Export & Import Management.
IEC helps you to get rid of any illegal transportation or fraudulent imports and exports. IEC registration is a centralized registration which helps the officials to supervise and manage the transaction in a better manner which is undertaken as a part of cross border business.
IEC Code offers great benefit for Import Export business. An IEC registered business entity would be qualified to avail benefits or subsidies declared by the Customs, Export Promotion Council and other several authorities. After filing LUT under GST, the exporters are not required to pay taxes to make exports. If the exports are made by payment of taxes, the exporter can claim refunds of the paid tax amount.
Companies that register for the Import Export Code could make the most of several other benefits offered by customs, the Export Promotion Council, and the Director General of Foreign Trade.