Get Your Import Export Code Easily for Your Business

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.

AD CODE Registration

Ad Code Registration is a process that is mandatory for Indian businesses or individuals who want to receive payments from abroad for online advertising or any other digital services. Ad code registration is required by the Reserve Bank of India (RBI) as a part of its Foreign Exchange Management Act (FEMA) regulations.

The Ad Code is a unique identification number that is assigned to each person or business that registers for it. This code is used by banks to track the receipt and payment of foreign exchange transactions related to online advertising or other digital services.

To register for an Ad Code, you need to follow these steps:

  1. Visit the RBI website: Go to the Reserve Bank of India’s website and search for the “Online Application for Ad Code” section.
  2. Fill out the application form: Fill out the application form with your personal and business information, such as your name, address, and PAN card number.
  3. Upload supporting documents: Upload the required supporting documents, such as your PAN card, business registration certificate, and bank account details.
  4. Pay the application fee: Pay the application fee online, which is usually Rs. 1,000.
  5. Submit the application: Once you have completed the application form and uploaded the required documents, submit the application. You will receive an acknowledgement receipt with a unique application number.
  6. Wait for approval: The RBI will review your application and may request additional information or documents. Once your application is approved, you will receive your Ad Code.

Once you receive your Ad Code, you can use it to receive payments from abroad for online advertising or any other digital services. It is important to note that Ad Codes have a validity period, after which they need to be renewed.

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