Cross-selling products outside the domestic boundaries is known as Import/Export.
For doing such activities, we need to get registered and hence the code is required which is known as Import/Export code.
Import Export code is required for selling the products outside the domestic boundaries.
It's important to grow the business as it's not limited to any boundaries.
Is it mandate to get IEC code?
It is mandatory for persons to obtain IE code before importing and exporting goods and services from India. As there is no need for renewal and any filling, it is recommended to obtain IE Code, irrespective of if they need it at the moment.
Advantages of IEC.
1) Quick process via MyCorporation.in,
2) Full-time support,
3) Expansion of Business outside the country,
4) Eligible for buying/selling throughout the world,
5) No filing of returns,
6) Just 1-time requirement(No renewal required).
Application for IEC
Submission of Application
Import Export Code