Import Export Code Registration
Importer Exporter Code (IEC) is a unique 10 digit code issued by Director General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. To import or export in India, IEC is mandatory without which, no person or entity shall make any Import or Export.However, Persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture are exempt from obtaining IEC.
All business or establishments employing 10 or more persons during any part of the year has to get themselves registered under Employee State Insurance (ESI) Act. The ESI coverage extends to all the employees who earns a monthly salary upto Rs.21000/-. We at AINO, help the entities to obtain new registration, amendment of existing registrations, filing of monthly and annual returns, etc. Our team is well versed with ESI Act matters. In case, you need these services, we would be glad to assist you.
What are the features of Import Export Code Registration
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IEC Code doesn't require any monthly/quarterly/annual filing.
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No renewal is required during lifetime.
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It is valid throughout country, it is not state or branch specific.
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Person exporting or importing goods for personal use than IEC code is not required.
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Persons exporting or importing goods to/from Nepal or Myanmar through Indo-Myanmar border areas, a value of which does not exceed Rs.25,000/- in a single assignment. Doesn't require IE Code.
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No Taxes need to be paid for IEC.