Register Import Export Code Undoubtedly, India has become frontrunner among the developing nations and this has paved the way for the unprecedented industrialization. Working as a manufacturing hub, we have different sorts of industry working in an ecosystem. And as a result of manufacturing, the cycle of import and export has been running simultaneously all across the country. But this ecosystem compelled every firm to register import and export code; this is a kind of prerequisite for the firms to import and export any community within the states and the nations.

It is a sort of one-time code, means if once you took it, then it can work with permanent validity. IEC code is issued by the directorate general of foreign trade (DGFT), Ministry of commerce under the guidelines issued by the government of India. It is a sort of legalized structure under which government of India ensures some terms and condition required for a business to import and export commodities. It is a must for every business for its expansion beyond the demarcation of a confined area and to be get inducted in the ecosystem of the firms.

Second most required condition is service tax registration. It is an indirect tax structure in which a service provider collects a levy or tax on some service from the service receiver and pays it to the government of India. Every business which provides some sort of service is required to registration for the service tax. Or every service provider which has a turnover of over a sum of 9 lakhs rupees. If a business is failed to register for the clause of service tax, then it is subjected to the penalty of 200 or 5000 rupees daily. If you are searching for a firm with a keen legal knowledge of these two disciplines, then legal raasta can become your trusted legal partner and get the job done for you.