IEC Registration – Your Key Business Identification Number
IS IEC code Mandatory to sustain in the International Market?
Wondering whether your business will require an IEC code? We’re here to explain things to you.
The import and export of commodities usually takes place, but you will need a valid license to take such a process into action. This code is mandatory for the import and export of goods as well as services.
So, there is definitely a pressing need to get the Import Export License Code (IEC) if you are looking forward to expanding your business across countries.
What do you actually mean by Service Exports?
In simple terms, services that are rendered outside India are claimed to be export services. Here, in this type of trading, you would get your reimbursement in a foreign currency (the country in which you trade). This can also be explained as the services offered by a person or a company from one country and selling them to a different country. There are a couple of benefits to this.
What do you get from IEC?
Diversify your business
The government authorized it, so you can take advantage of the legal advantages as well.
There is no need to file these returns.
Above all, this is a one-time application process only.
How does the entire process take place?
We will require certain documents from your end to begin the process. Once you submit it, one of our experts will call you prior to starting the registration.
Our team will contact you via email or phone, in case of any clarification needed from our end.
Our team will begin filing the application for IEC.
We will follow the IEC code for you, once we receive it from the government.
You can always reach out to us whenever you need any help.
Faucone Accounting’s team is supported by professional and expert lawyers and accountants, who can manage your trade and guide you appropriately. We proudly say that Faucone Accounting will be your one stop destination for your Import Export code registration.
RMZ Millenia Business Park Phase 2, Campus 4B, 6th Floor, Unit 602A, Perungudi, Chennai – 600096 TN, INDIA