Apply IEC Code For Proprietorship Firm with Digital Signature Online
IEC Code For Proprietorship Firm: Basically Proprietorship Firm Registration is the best when you want testing your idea in the Import or Export Business and another Best thing that you are the sole owner of the Firm which controls on the business. As an Import Export Business, you have to require Import Export Code (IEC Code) so it can be done at less cost of formation.
Importer-Exporter Code (IEC) is a unique 10-digit code issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce, Government of India, to Indian companies, firms, exporters, and importers, who want to engage in the business of exports-imports. Without IEC, an Indian entity cannot export or import. The code needs to be furnished along with other documents at the time of dispatching or receiving an EXIM consignment and also while receiving and making payments from overseas buyers and sellers respectively.
IEC is allotted to an entity, it can be used for the lifetime or for an infinite period by all its branches, units, divisions and offices (as indicated in IEC application form at the time of registration) across India for the purpose of exports and imports of goods and services.
The manual mode of applications for fresh IEC issuance or IEC modification has ceased to exist as of April 1, 2016. The DGFT now only accepts online applications for IEC issuance or modification in the prescribed format along with the necessary supporting documents. An IEC applicant needs to ensure that details filled in the application should match the details in the uploaded documents. Further, an online application for IEC can only be made using a Digital Signature Certificate (DSC; Class II & III).