Expanding your business beyond borders is an exciting journey, but before you dive into the world of international trade, you need one essential thing – an Import Export Code (IEC). This 10-digit business identification number issued by the Directorate General of Foreign Trade (DGFT) is mandatory for anyone looking to export or import goods and […]
Expanding your business globally is an exciting journey, but paperwork and registrations can sometimes feel overwhelming. If you’re looking to start an import-export business in India, one of the first things you’ll need is an Import Export Code (IEC). However, a common concern among many entrepreneurs is: “Can I get an IEC Code without a […]
If you’re stepping into the world of international trade, getting an Import Export Code (IEC) is your first crucial step. This unique 10-digit number, issued by the Directorate General of Foreign Trade (DGFT), is mandatory for businesses or individuals looking to import or export goods and services from India. But the big question is: How […]
If you’re involved in import-export business operations, you know the significance of the Import Export Code (IEC). It’s a unique code issued by the Directorate General of Foreign Trade (DGFT) that every exporter or importer must have to legally trade across borders. However, what happens if your IEC code gets deactivated? Does it mean the […]
India is emerging as a global trade hub, and businesses looking to expand internationally must comply with various legal and tax regulations. One crucial requirement for importers and exporters is the Import Export Code (IEC), issued by the Directorate General of Foreign Trade (DGFT). While IEC facilitates cross-border trade, it also plays a significant role […]
If you’re an importer or exporter in India, having an Import Export Code (IEC) is essential for conducting global trade. But after applying for your IEC registration, the next step is ensuring that your code is active and valid. Checking your IEC status with DGFT (Directorate General of Foreign Trade) online is quick and hassle-free. […]
Understanding IEC in Business Transitions If your business is undergoing restructuring—whether due to a merger, acquisition, name change, or ownership transfer—you might be wondering, “Can my Import Export Code (IEC) be transferred?” Since the IEC is a unique business identification number for import-export activities in India, handling it correctly post-restructuring is crucial to avoid legal […]
In today’s interconnected world, small businesses and MSMEs (Micro, Small, and Medium Enterprises) in India have an incredible opportunity to expand beyond local markets and enter the global trade arena. However, one key requirement to make this happen is obtaining an Import Export Code (IEC). If you’re an MSME looking to scale up, here’s why […]
Expanding your business into international trade is an exciting journey. Whether you are an exporter or an importer, the Import Export Code (IEC) is your gateway to the global market. But many business owners often wonder—does having an IEC Code provide any tax benefits? Let’s dive deeper into the tax implications and financial advantages of […]
In today’s global marketplace, securing your Import Export Code (IEC) is a crucial step for any business looking to expand its reach. Whether you’re a seasoned exporter or just starting your journey, obtaining an IEC is essential for seamless international trade. At The Tax Compliance, we understand that navigating the registration process can be daunting. […]