IE Code Registration in nungambakkam - Filingpoint
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Filingpoint IE Code Registration in Nungambakkam is an important process for those involved in import and export of goods. It's a 10-digit unique number issued by the Directorate General of Foreign Trade (DGFT) for those companies / business that are engaged in this business activity. Without this, the importers and exporters can't proceed for their business activities. Moreover, the importers and exporters can't avail any benefits from Customs department and Export Promotion Council unless they have an IEC number.
There are numerous benefits for obtaining an IEC number like less document requirement, lifetime validity and more. However, the most important benefit is that it enables you to enter the international market which opens various doors of growth and expansion for your business.
To obtain an IEC, you should fill up an online application with the required documents. Afterward, DGFT will process the application and issue the IEC number within 15 – 20 working days. The IEC number is mandatory for all those involved in import and export of products, so it's important to get one as soon as possible.
The IEC number is also necessary when it comes to transferring money abroad through banks, as they need the IEC number to verify your identity. Additionally, it's important to have an IEC for those who want to start an import-export business because the government needs this information for the taxation purposes. Also, it helps the bank to identify whether you are actually doing business or not.
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