10 Benefits of getting Import Export Code (IEC) Registered with setupfilings

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Business owners who want to expand their business globally all of them need IEC registration. IEC is that the secret passkey which each & every individual business entity requires to either import business products from abroad or to export business products to abroad. IEC Code is an exceptional 10 digit code issued by DGFT to help business owners to create their business abroad.

10 Benefits of getting IEC

Registering for an IEC is that the best possibility to require a breakthrough within the foreign market. Here, we are getting to elaborate about 10 main benefits of getting IEC and that they are-

  1. Global Market Reach- With the assistance of IEC registration business owners can easily take their business abroad and may have global customers
  2. Online Registration-it’s very easy to do the web Registration for IEC with the assistance of various government recognized website
  3. Simple Documents Required- to try to to IEC Registration one must have simple documents like Pan card, address proof of applicant, registered office address, cancel the cheque, branch office address
  4. PAN Based Registration-It is provided supported the permanent account number of the business
  5. Lifetime Validity-IEC registration may be a permanent registration and it’s a legitimate lifetime. Till the existence of the business, IEC goes to be valid
  6. Benefits of Scheme- Both importers and exporters can avail of giant benefits with IEC registration. The business entities which are registered with IEC can avail of the advantages in sort of subsidies or otherwise declared by the customs Export promotion council or other authorities. If this type of business entity
  7. No Compliance- IEC holder doesn’t require to satisfy any particular compliance requirement like annual filing or return filing
  8. No Annual Maintenance-Once an IEC is issued the code is valid for a lifetime hence there’s no extra annual maintenance charge
  9. Legally Clean- Once the code is generated so from next time exporting or importing any product are going to be considered as cross-border transaction easy and hassle-free
  10. Reduces the danger of Illegal transportation-As the method is taken into account as cross border business which helps to lesser illegal transportation.

Few other benefits of Import Export code  (IEC)  registration are as follow,

 

Promote fair competition by reducing barriers to trade

Harmonized solutions enable industry to more easily sell its products in many countries

Ensure safety

Standards help protect people, critical infrastructure and the environment

Improve the efficiency of production and reduce costs

Standards simplify the quality control of components and services throughout the product value chain

Promote innovation

Standards help avoid island solutions that can hinder the growth of markets

Provide built-in interoperability

Standards ensure that products from different manufacturers can work together

Offer solutions

Standards reflect the global consensus on state-of-the-art solutions that can be applied by the private and public sectors in both developed and developing countries

Serve as the basis for CA and certification

Standards serve as the basis for testing and certification, to verify the performance, safety, efficiency and reliability of a

 

How to Apply IEC online?

The best place for applying for IEC online is Setupfilings they’re the foremost trusted, government recognized company with a panel of legal experts with 24×7 on time and cost-effective service. Here we lookout of every and each step ranging from document validation to sending the ultimate code.

Business owners who want to expand their business globally all of them need IEC registration. IEC is that the secret passkey which each & every individual business entity requires to either import business products from abroad or to export business products to abroad. IEC Code is an exceptional 10 digit code issued by DGFT to help business owners to create their business abroad.

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