The IEC allows the market reach of businesses around the globe and places a product in front of the world. This code streamlines international trade transactions and removes extra paperwork or the necessity to renew it frequently. With the IEC, businesses extend their reach beyond India.
The schemes and the associated tax benefits offered by the government can be availed for developing international trade by businesses with an IEC. Registration has been made simple by the DGFT through its website. The applicant need not possess a Digital Signature Certificate for registration. Even non-registered businesses can apply; Aadhaar authentication is also accepted.
The IEC helps businesses grow by opening opportunities for expansion globally. It enhances business relationships in quality while observing trade with proper respect of customs regulations. The code offers lifetime validity, hence a long-term solution for companies seeking operations on an international level.
