Import Export Code is a ten-digit number also it is the proof of a firm as an Exporter/Importer in India. IEC number can be generated from government authorities as proof of exporter/importer to Directorate General of Foreign Trade(DGFT), customs, Export Promotion Council under the ACT 1992.

India is known as the leader for exporting Oil all over the world. Mostly we export essential oils, crude oil, cumin oil, celery seed oil, and many others to Saudi Arabia, Russia, Iraq, UK, United States.

Any business entity including individuals or companies can apply for the registration of the Import Export Code for import into or export. The validity of the code is lifetime it does not require any renewal hence we can say that it's a one-time investment.

Advantages of IEC for Oil Export Business

• Gateway to the Foreign Marketplace
• Online Registration
• PAN Based Registration
• Simple Document Requirement
• Reduces the risk of Illegal transportation
• No Compliance
• Benefits of Schemes
• Custom duty exemption 

Obtaining Importer Exporter Code is mandatory before starting activities of Import or Export. Unless one has received this registration, the goods or specified services cannot be imported in India or exported from India. 

Any individual or company involved in exports is also required to get registered under GST as a specific category of registration is specified under the law, along with that FSSAI registration is necessary if the business is related to food. The necessity of IEC registration is mandatory.

How to get IEC Code Online

Planning for expanding your Oil business to Russia but confused about how to process?

Here we are with our IEC expert panel solution. As per the article, you already got to know that IEC registration is a must so the best and the easiest way to approach the registration is with Online Legal India™. We are the leading and the most trusted online legal experts who deliver service in pan India at a minimum charge.