Import Export Code Registration Service
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The Import Export Code (IEC) Registration service is a crucial requirement for businesses engaging in international trade in India. Issued by the Directorate General of Foreign Trade (DGFT), this code authorizes businesses to import and export goods and services. IEC is a unique 10-digit identification number that is mandatory for customs clearance and international trade transactions. It facilitates global business expansion, enables availing of various benefits, and ensures compliance with government regulations. Obtaining an IEC is essential for businesses looking to participate in cross-border trade effectively and legally.
ICEGATE REGISTRATION
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Exporters are presently required to register their Authorised Dealer (AD) Code and Bank Account(s) for purposes of remittances and availing export benefits respectively at every Customs station. Even though it is an one-time procedure, it requires physical interaction between the Customs and the trade and submission of physical documents by the latter. Being a manual process, it causes delays impacting exports besides requiring the exporters or their representatives to personally visit the Customs Houses. Same is the case for the process of updation of Bank Account details.
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