Q. Is Import Export Code (IEC) mandatory for both Import & Export of goods?

IEC is compulsory for both imports and exports to and from India. However, certain categories of importers are exempted from obtaining IEC.

Q. Do any compliance need to be done after taking IEC?

No Compliance needs to be done in the case, of Import Export Code (IEC). Once IEC issued by DGFT it is valid for a lifetime period. IEC is a compliance free document.

Q. How much time does it take to get an IEC?

With Hubco, it will take 3 to 4 working days to get an Import Export Code (IEC).

Q. Can I modify the IEC information?

Yes, you can easily modify the IEC information through Hubco.in, You just need to provide Hubco with the supporting of the modification and that's it, you are done.

Q. What are the benefits of IEC?

On the basis of IEC, companies can obtain various benefits on their exports / imports from DGFT, Customs, Export Promotion Council, etc.

Q. Is there any renewal charges?

IEC is valid for the lifetime; there are no renewal charges for that.

Q. Who Can Apply For MSME Registration?

Any entrepreneur having valid Aadhaar Number can apply for MSME Registration.

Q. What is the validity of MSME Registration?

MSME Registration is valid for the lifetime period.

Q. What is MSME?

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below: A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh; A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

Q. Is Aadhaar Number Mandatory For Online MSME Registration?

At present Aadhaar Number is mandatory for issuance of MSME Certificate.