There are many reasons to register for an IE Code, let us explain a few: –
- Proprietors can have IE Code-
Even individuals who are proprietors can obtain the IE code in their name. It is not necessary to setup a business for the same.
IEC code holder does not require any filing of the returns.
- Importers and Exporters require IE Code-
All importers require IE code to clear the customs and exporters require IE code to send the shipments. Both importers and exporters can get the benefits of IE code.
There is no renewal procedure in IE code once it is issued it is for the lifetime. So, a person can use the IE code for all its export-import business without any more hassles.