IEC Code Registration
Corpstore is one of the best and efficientPlatforms for online IE Code Registration in Coimbatore. Taking business to international market will expand business. But visualizing an import - export operation itself a difficult job, The first requirement before starting an import-export business in India is to obtain an Import Export Code (IEC) . An Import Export Code (IEC) is necessary for import or export of goods. In case the import-export of services or technology, Import Export Code (IEC) is required only in limited circumstances, when import-export is in Specific Services or technologies' in which international trade is restricted by the Government of India relating to security of nation, Before getting import and export code, there are certain initial formalities like setting up the business entity and opening bank account. CorpStore will help to get the IEC code for your business.
Exemptions From Obtaining IE Code:
- Ministries /Departments of Central or State Government
- People importing or exporting goods for personal use not connected with trade or manufacture or agriculture.
- People importing/exporting goods from/to Nepal, Myanmar through Indo-Myanmar border areas and China (through Gunji, Namgaya Shipkila and Nathula ports), provided CIF value of a single consignment does not exceed Indian Rs.25,000. In case of Nathula port, the ceiling will be Rs. 1,00,000/-
- Note:Exemption from obtaining IEC shall not be applicable for export of Special Chemicals, Organisms, Materials, Equipments and Technologies (SCOMET).