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High business density · Perungudi IEC

IEC Registration in Perungudi, Chennai

Professional IEC Registration for Perungudi businesses near Perungudi IT Park — with a documented, audit-ready process

Professional IEC Registration in Perungudi (PIN 600096), Chennai by qualified experts with a 15+ year, zero-penalty record. Call 9566-068-468.

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Quick Answer

What is an Importer Exporter Code (IEC) and who issues it in Perungudi, Chennai?

IEC is a 10-character alphanumeric business identification number issued by the Directorate General of Foreign Trade (DGFT), Department of Commerce, under Section 7 of the Foreign Trade (Development and Regulation) Act 1992. Since 1-July-2017 the IEC is the same as the entity's PAN, but it must be separately activated on the DGFT portal at dgft.gov.in. Without an active IEC no person can import into or export from India.

Transparent Pricing

IEC Registration in Perungudi — Plans & Pricing

Fixed fees · Zero hidden charges · Call 9566-068-468 for a custom quote.

MonthlyAnnualSave 2 Months
New IEC
Basic
IEC in 1-2 working days
₹1,500one-time

  • IEC Application on DGFT Portal
  • IEC Certificate Immediate on approval
  • DGFT Portal Account Setup
  • IEC Modification address bank etc.
  • LUT for Zero-rated Exports
  • Class 3 DSC
  • Export Incentive Schemes Advisory
Most Popular ⭐
Standard
IEC + advisory
₹2,500one-time

  • IEC Application on DGFT Portal
  • IEC Certificate Immediate on approval
  • DGFT Portal Account Setup
  • IEC Modification address bank etc.
  • LUT for Zero-rated Exports
  • Class 3 DSC (Add-on)
  • Export Incentive Schemes Advisory
Full export setup
Exporter
IEC + LUT + DSC
₹5,000one-time

  • IEC Application on DGFT Portal
  • IEC Certificate Immediate on approval
  • DGFT Portal Account Setup
  • IEC Modification address bank etc.
  • LUT for Zero-rated Exports
  • Class 3 DSC
  • Export Incentive Schemes Advisory

Swipe to see all plans

Prices exclude GST. For enterprise pricing, call 9566-068-468.

Why FilingPro?

Why Perungudi Clients Choose FilingPro

Expert IEC in Perungudi — qualified professionals, 15+ years experience, zero-penalty track record.

ICEGATE Registration & Bond Ledger

ICEGATE registration with IEC and DSC opened for every Perungudi client — shipping bills, bills of entry, RoDTEP ledger, drawback ledger, bond and BG access from icegate.gov.in. Single-window visibility on every consignment.

LUT Filed Under Rule 96A

Letter of Undertaking in Form GST RFD-11 is filed annually under Rule 96A of the CGST Rules — Perungudi exporters ship goods and services without payment of IGST, freeing working capital that would otherwise be locked till refund.

EDPMS Reconciliation

Every shipping bill is tracked on EDPMS until BRC closure within the 9-month FEMA realisation window under Section 8 of FEMA 1999 read with the RBI Master Direction on Export of Goods and Services 2015-16 — no caution-listing for Perungudi exporters.

RoDTEP Scrip Realisation

RoDTEP rates from Appendix 4R of HBP 2023 are pre-mapped to the Perungudi exporter's HS codes. The claim flag is selected on the very first shipping bill and the e-scrip is auto-credited on closure — no manual claim, no missed scrips.

EPCG / Advance Authorisation Advisory

For manufacturer-exporters in Perungudi the choice between EPCG (capital goods), Advance Authorisation (inputs) and Section 65 MOOWR (in-bond manufacturing) is structured before any duty is incurred. Bond, BG, EO tracking and redemption all coordinated.

DGFT Denied-Entity Vigilance

Every Perungudi client is screened against the DGFT denied entity list before each shipment. Pending obligations under EPCG / Advance Authorisation are flagged before the EO period expires — Section 8 / Section 9 FT(D&R) Act suspension never reaches the Perungudi client.

Key Benefits

What Perungudi Clients Get

Every IEC Registration engagement delivers measurable, guaranteed outcomes — expert professionals, on time, every time.

IEC Within Minutes
With clean PAN-bank-address data, IEC is issued within minutes of ₹500 fee payment. Perungudi clients begin shipping bill filing the same day — no week-long waiting period.
Zero Section 11 Penalty Exposure
Section 7 FT(D&R) Act 1992 compliance verified before every shipment. Perungudi clients face no Section 11 penalties (up to 5× value of goods) and no Section 11(2)/(2A) Customs confiscation.
No Annual Update Deactivation
Annual IEC updates filed every April-May for Perungudi clients — well ahead of the 30-June deadline. No automatic deactivation on 1-July, no shipping bill rejection on ICEGATE, no scramble for reactivation.
FTP 2023 Incentives Unlocked
RCMC from the right EPC is held on day one — every Perungudi exporter is eligible for RoDTEP, RoSCTL, EPCG, Advance Authorisation, Duty Drawback brand rate and status holder recognition. Para 2.59 FTP 2023 pre-condition cleared.
IGST Working Capital Saved
LUT under Rule 96A frees IGST working capital on export of goods and services for Perungudi clients. Where IGST is paid, Rule 96 auto-disbursement on shipping bill scroll ensures refund within 7-15 days of EGM.
RoDTEP Scrips Auto-Credited
RoDTEP scrips credit to the Perungudi exporter's RoDTEP ledger on ICEGATE on each shipping bill closure — transferable, monetisable and applied against any duty payable. Appendix 4R rates pre-mapped to HS codes.
Comparison

IEC (Importer-Exporter Code) vs RCMC (Registration-cum-Membership Certificate)

Why this matters here — In Perungudi, the business activity radiating outward from Perungudi IT Park and nearby commercial pockets; with quick access via Perungudi Bus Stop and feeder routes connecting Perungudi to the rest of Chennai.

AspectIEC (Importer-Exporter Code)RCMC (Registration-cum-Membership Certificate)
When it is requiredMandatory before the first import or export consignment can clear customs - no cross-border trade is possible without itRequired only when the exporter wants scheme benefits such as RoDTEP, Advance Authorisation or EPCG, or council services
Validity and upkeepPermanent, but must be electronically confirmed or updated every year during April to June or it is deactivatedValid for five financial years, then renewed with the council
Indicative costGovernment fee of ₹500 on the DGFT portal; annual updation is freeCouncil membership or registration fee varies by council and turnover slab
What it isA 10-digit code - now identical to the firm's PAN - that is the basic licence to import into or export out of IndiaMembership proof from an Export Promotion Council or Board, needed to claim export incentives and authorisations
Issuing authorityDirectorate General of Foreign Trade (DGFT), Ministry of Commerce, via the dgft.gov.in portalThe relevant Export Promotion Council or Commodity Board (FIEO, EEPC, AEPC, APEDA, etc.) through the DGFT common e-RCMC platform
Statutory basisSection 7 of the Foreign Trade (Development & Regulation) Act 1992 read with the Foreign Trade Policy 2023Chapter 2 of the Foreign Trade Policy 2023 and the Handbook of Procedures 2023, on Form ANF 2C
Documents Required

Documents for IEC Registration

Share documents via WhatsApp to 9566-068-468. No office visit required for Perungudi clients.

PAN of the entity (Proprietor / Partnership / LLP / Company)
Aadhaar of the proprietor or authorised signatory for OTP authentication
Cancelled cheque or banker's certificate showing entity name / account number / IFSC
Address proof of business premises — electricity bill, rent agreement, sale deed or telephone bill (not older than 2 months)
DSC (Class 3) of authorised signatory for Partnership / LLP / Company
Board resolution or partnership authorisation letter naming the IEC signatory
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Statutory Deadlines

Compliance deadlines that matter

Miss any of these and the next consequence kicks in automatically.

Deadlines in this neighbourhood — In Perungudi, the cluster of it services, e-commerce, residential businesses that defines Perungudi's commercial fabric.

Trigger eventDaysFormConsequence
Annual IEC update window after start of each financial year90 daysIEC Modification path on DGFT portal with Aadhaar e-Sign re-confirmation of declared particularsIEC status auto-flips to Deactivated on 1-July if not updated by 30-June, ICEGATE blocks all fresh shipping bills and bill of entry filings, containers in transit get stuck causing demurrage of Rs 8000 to 15000 per container per day at major ports, RoDTEP and drawback claims on pending bills also frozen
Registration or update of AD Code at a customs port where exports will be filed30 daysAD Code letter from bank on bank letterhead, IEC copy, GSTIN, authorised signatory specimen, registered through CHA on ICEGATEICEGATE rejects shipping bill with AD_CODE_NOT_REGISTERED error blocking export from that port, fallback amendment under Section 149 takes 5 to 7 days during which demurrage accrues, alternative re-routing to a registered port adds inland transport cost of Rs 25000 to Rs 75000 per container depending on distance
Realisation of export proceeds against a shipping bill in foreign currency270 daysBRC closure on EDPMS through AD Bank with matched FIRC and inward remittance certificateRoDTEP scrip claim blocked, duty drawback at composite rate disallowed, GST refund of IGST paid on exports gets held by jurisdictional GST officer, AD Bank reports under XOS Statement to RBI as overdue export bill which may attract FEMA contravention proceedings under Section 13
Validity of Registration cum Membership Certificate from date of issue1825 daysRCMC Renewal application with concerned Export Promotion Council with CA-certified export performance statement of preceding 3 years, audited financials, IEC copyLoss of duty drawback at higher All Industry Rate falling back to lower default rate, blocking of EPCG and AA filings since RCMC is prerequisite, suspension of Star Export House and other status recognitions, denial of council-specific subsidies and market access schemes
Fulfilment of export obligation under EPCG scheme from date of authorisation2190 daysEO Discharge application on DGFT portal with shipping bills, BRC, CA certificate of value addition and EO fulfilment statementRecovery of full customs duty saved at import plus 15 percent simple interest per annum from date of clearance, composition fee option available at 10 percent of duty saved on unfulfilled portion if extension is granted, defaulter listing in DGFT denied entity list blocking future authorisations
Biennial review of Star Export House status by DGFT730 daysStar House Review application with FOB performance certificate from CA, EDPMS extract of BRCs, IEC and RCMC copiesDowngrade or loss of Star status if FOB performance threshold not maintained, withdrawal of L-1 customs scheme privileges, loss of self-certification of origin facility, loss of priority access at DGFT regional offices for authorisation processing
Change in particulars of IEC like address, partner, director, bank account, branch90 daysIEC Modification on DGFT portal with supporting documents like fresh deed, board resolution, bank declarationDGFT treats post-90-day filing as Deviation from Declared Particulars and routes through manual scrutiny at Jurisdictional RA office, customs holds shipping bills on partner-list mismatch with GSTIN, condonation requires personal hearing and CA-certified timeline of bona fide delay
Clearance of pending export bills on EDPMS for shipping bills more than 9 months old270 daysEDPMS reconciliation through AD Bank with FIRC, inward remittance certificate, and BRC for each pending shipping billPending entries flagged in RBI XOS Statement as overdue, AD Bank trade limits get reviewed downward, FEMA compounding exposure of 2 to 5 percent of contravention value, blocking of fresh outward remittance for import payments since IEC gets flagged for export realisation default

Deadline pressure points we see in Perungudi: On the ground in Perungudi, for Perungudi IT-services firms managing export-LUT cycles alongside payroll and TDS.

Forms Library

Forms used in this engagement

ANF 2AApplication for Importer-Exporter Code (IEC)

Online application by the firm to obtain a fresh 10-digit PAN-based IEC, capturing firm details, proprietor/partner/director particulars and bank account

Before the first import or export consignment Directorate General of Foreign Trade (DGFT), dgft.gov.in
ANF 2A (Modification)Application for modification of IEC particulars

Update firm name, address, constitution, directors/partners or bank details on an existing IEC

Promptly after any change in particulars Directorate General of Foreign Trade (DGFT)
Annual IEC UpdationElectronic confirmation or updation of IEC

Mandatory yearly confirmation that IEC details are current - even where nothing has changed - to keep the IEC active

Every year during April to June Directorate General of Foreign Trade (DGFT)
ANF 2A (Surrender)Surrender of Importer-Exporter Code

Voluntary surrender of an IEC the firm no longer needs; DGFT informs Customs and RBI

When the firm ceases import/export activity Directorate General of Foreign Trade (DGFT)
AD Code RegistrationAuthorised Dealer (AD) Code registration letter

Bank-issued AD Code, registered at each port on ICEGATE, without which shipping bills cannot be filed

Before the first export from a given port Authorised Dealer bank; registered with Customs (ICEGATE)
Bank Certificate / Cancelled ChequeProof of the firm's current bank account

Establishes the firm's bank account for the IEC and for receipt of export proceeds

At the time of IEC application Authorised Dealer bank
e-BRCElectronic Bank Realisation Certificate

Digital certificate confirming realisation of export proceeds, used to substantiate incentive claims

After realisation of export payment Authorised Dealer bank, uploaded to the DGFT portal
Aadhaar e-Sign / DSCAuthentication of the IEC application

Digitally authenticates the application through the proprietor's or authorised signatory's Aadhaar e-Sign or Class 3 DSC

At submission of ANF 2A DGFT portal

IEC Registration in Perungudi, Chennai 600096

Businesses registered in Perungudi share the Chennai South jurisdiction, and their statutory matters route through the same Mylapore Division each time. We keep a cycle-by-cycle record of how the Mylapore Division of the Chennai South handles Perungudi filings and approvals. For IEC Registration at PIN 600096, understanding the Mylapore Division's documentation norms removes most of the friction from the process. Because PIN 600096 sits inside the Chennai South jurisdiction, the handling office for Perungudi stays consistent across years, which matters when filings or approvals span cycles.

The it corridor residential mix of Perungudi shapes what lands in our workpapers — a blend of residential activity and the commercial pulse around OMR. Freight and foot traffic from the Perungudi Bus Stop hub pull steady daily commerce through Perungudi, so there is rarely a quiet filing month in this it corridor residential pocket. Working in Perungudi brings a logistical edge: proximity to OMR and the Perungudi Bus Stop corridor keeps physical document handling fast. Commercial activity in Perungudi runs high, so IEC volumes scale through peak months and we staff the Perungudi desk accordingly.

The business mix in Perungudi centres on e-commerce, and that sector carries its own IEC Registration quirks we plan for in advance. We have closed enough IEC Registration files for e-commerce firms near Perungudi to know where the department usually probes. The e-commerce firms we serve in Perungudi value a IEC partner who already understands their sector's compliance rhythm. Sector concentration matters: when Perungudi leans toward e-commerce, the IEC risks cluster around the same few line items each cycle.

The qualified-review step on every Perungudi IEC file is where errors get caught before they reach the portal. From the first IEC Registration cycle, a Perungudi engagement is set up to be audit-ready rather than reconstructed under pressure later. Document intake for Perungudi clients runs over WhatsApp, so there is no office visit and no paper shuffle for a IEC Registration engagement. Working papers for Perungudi IEC Registration engagements stay archived and retrievable, which makes any later notice or query straightforward to answer.

We treat Perungudi and Kandanchavadi as one catchment for IEC Registration, which keeps documentation and turnaround consistent. Serving Perungudi and Kandanchavadi from one team keeps IEC Registration turnaround identical across the cluster. Coverage from Perungudi naturally extends to Kandanchavadi, so group entities across the area share one IEC Registration workflow. A client relocating between Perungudi and Kandanchavadi keeps the same IEC file and the same team.

Common patterns in the Mylapore Division give Perungudi businesses an early-warning map we use to pre-empt IEC issues. The IEC Registration mistakes we see most in Perungudi are avoidable with disciplined intake, which our checklist enforces. Because we work repeatedly across Perungudi, we can benchmark a new client's IEC Registration position against the locality norm. The longer we serve Perungudi, the more precisely we predict where a IEC file needs attention.

For a new business incorporating in Perungudi or shifting its principal place of business here, IEC Registration setup is one of the first things to get right. A startup setting up near Tidel Park (nearby) in Perungudi gets a IEC foundation built for the Mylapore Division from day one. New e-commerce ventures in Perungudi lean on us to stand up IEC Registration correctly before the first deadline rather than after a notice. When a Thoraipakkam business expands into Perungudi, we extend its IEC setup to PIN 600096 without disruption.

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Expert Guide

IEC Registration in Perungudi — Complete Guide

Advance Authorisation

IEC Registration in Perungudi, Chennai

Importer Exporter Code applications for Perungudi exporters are filed on dgft.gov.in under Section 7 of the FT(D&R) Act 1992 with Aadhaar OTP authentication and ₹500 fee — IEC issued instantly on clean PAN-bank-address validation.

DGFT IEC Consultant in Perungudi — ANF-2A Specialist

A dedicated DGFT consultant in Perungudi drafts ANF-2A on the DGFT portal, validates PAN-bank-address consistency, walks the signatory through Aadhaar OTP and follows up on any officer query. Annual update during 1-April to 30-June is monitored to prevent IEC deactivation.

RCMC, AD Code & RoDTEP Setup for Perungudi Exporters

Beyond IEC, FTP benefits demand RCMC from a designated EPC under Para 2.59 of FTP 2023, AD Code registration at the Customs port and ICEGATE enrolment. RoDTEP scrips, Duty Drawback and IGST refund routes are configured at first shipment.

EPCG, Advance Authorisation & MOOWR for Perungudi Manufacturers

Manufacturer-exporters in Perungudi access duty-free imports under EPCG (Chapter 5 FTP 2023) and Advance Authorisation (Chapter 4 FTP 2023), or operate under Section 65 Customs Bonded Manufacturing (MOOWR Regulations 2019) with full duty deferral and zero duty on exports.

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Qualified professionals handle your IEC in Perungudi. WhatsApp documents — we begin within 24 hours. From ₹2,500/one-time. Free consultation.
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Key Facts — IEC Registration in Perungudi
ANF-2A application drafted on dgft.gov.in with PAN, Aadhaar and bank validation — IEC issued instantly on clean data for Perungudi clients.
Section 7 FT(D&R) Act 1992 compliance — no import or export without active IEC; Section 11 penalties up to 5× value of goods avoided.
Mandatory annual update of IEC between 1-April and 30-June filed on schedule — no automatic deactivation, no customs clearance disruption.
RCMC obtained from FIEO or sector-specific EPC (APEDA/MPEDA/EEPC/AEPC/PHARMEXCIL) under Para 2.59 of FTP 2023 — RoDTEP and EPCG benefits unlocked.
AD Code one-time registered at every Customs port from where Perungudi exporter ships — shipping bill filing and IGST refund auto-disbursement enabled.
ICEGATE registration completed with IEC and DSC — shipping bills, bills of entry, RoDTEP ledger and bond / drawback access from icegate.gov.in.
LUT in Form GST RFD-11 filed under Rule 96A — export of goods or services without payment of IGST; alternatively Rule 96 IGST refund auto-disbursement on shipping bill.
BRC closure tracked on EDPMS — FEMA Section 8 nine-month realisation discipline maintained, no caution-listing for Perungudi exporters.
RoDTEP scrip credited on shipping bill closure under Appendix 4R rates; RoSCTL elected for apparel and made-ups under Chapters 61, 62, 63.
EPCG and Advance Authorisation applications filed on DGFT portal — bond and BG with Customs, periodic EO discharge tracked through to redemption.
People Also Ask — IEC in Perungudi
Who needs an IEC in India?
Every person undertaking import into or export from India must hold an IEC under Section 7 of the FT(D&R) Act 1992 and Para 2.05 of FTP 2023. Service exporters technically need IEC only to claim FTP benefits, but practically every AD bank and payment aggregator insists on a live IEC for inward foreign-currency receipts. Government departments, personal-use imports, gifts up to USD 5,000 and notified charitable imports are exempt under Para 2.07.
How long does IEC issuance take on the DGFT portal?
Where PAN, Aadhaar and bank details validate cleanly, IEC is issued instantly — typically within minutes of payment of the ₹500 fee. If any field fails validation the application is routed for officer review and disposed within 1-2 working days. The certificate is downloadable from the dgft.gov.in dashboard and emailed to the registered address.
Is IEC the same as PAN now?
Yes. Since DGFT Public Notice 27/2015-20 dated 8-Aug-2018 the IEC has been merged with PAN — the 10-character alphanumeric PAN of the entity is the IEC. One PAN equals one IEC across India and the same number is used by all branches of the entity. The IEC must still be separately activated on dgft.gov.in.
What is the annual update requirement for IEC?
Para 2.05(e) of FTP 2023 mandates electronic update of IEC particulars every year between 1-April and 30-June, even if no details have changed. There is no fee. Failure to update results in automatic deactivation of IEC on 1-July, blocking all customs clearances on ICEGATE until reactivation through the Update IEC option on dgft.gov.in.
Is RCMC mandatory in addition to IEC?
For mere import or export, no — IEC alone is sufficient. For claim of any benefit under FTP 2023 — RoDTEP, RoSCTL, EPCG, Advance Authorisation, status holder recognition or duty exemption — Para 2.59 of FTP 2023 makes RCMC from a designated EPC or commodity board mandatory. FIEO issues a general RCMC for multi-product exporters; sector-specific councils (APEDA, MPEDA, EEPC, AEPC, etc.) take precedence.
What is the penalty for importing or exporting without IEC?
Section 11(2) of the Customs Act 1962 read with Section 11(2A) attracts confiscation of goods and a penalty equal to the value of the goods. Section 11 of the FT(D&R) Act 1992 prescribes monetary penalty up to five times the value of the goods or ₹1,000 whichever is higher, plus denial of FTP incentives and possible appearance on the DGFT denied entity list.
Do proprietors and individuals need an IEC to export?

Yes, if they import or export goods. A proprietor applies using their personal PAN, which becomes the firm's IEC. Individuals exporting only personal-use items, or covered by a specific notified exemption, need not obtain an IEC.

Is IEC registration mandatory for exporting from India?

Yes. Under Section 7 of the FTDR Act 1992 and the Foreign Trade Policy 2023, no person may import into or export out of India without a valid Importer-Exporter Code, except for a few notified exemptions such as personal-use goods.

What is the IEC and how is it structured now?

The IEC is a 10-digit code issued by the DGFT. Since 2021 it is the same as the firm's PAN, so one PAN maps to one IEC. It is a permanent registration identifying the firm for all cross-border trade and customs clearance.

How much does IEC registration cost?

The government fee for a fresh IEC on the DGFT portal is ₹500, and annual updation is free. Professional fees for document preparation, DSC or Aadhaar authentication and AD Code registration are separate and depend on the scope of assistance.

What documents are required to apply for an IEC?

You need the firm's PAN, proof of establishment or incorporation, address proof of the business premises, a cancelled cheque or bank certificate for the current account, and the applicant's Aadhaar for e-Sign or a Class 3 DSC for authentication.

How long does it take to get an IEC?

With Aadhaar e-Sign and complete documents, an IEC is usually issued within one to two working days of a clean DGFT application. Delays arise from PAN-name mismatches, unverified bank details, or an inactive mobile or email on the profile.

What Perungudi clients want to know before signing: On the ground in Perungudi, in the it corridor residential micro-market of Perungudi.

Expert Guide

A complete walkthrough — Iec Registration

Reading this guide locally — In Perungudi, on the Kandanchavadi-Sholinganallur corridor that passes through Perungudi.

What is IEC and its statutory basis

PAN-based IEC and one-IEC-per-PAN rule

Following DGFT Notification 09/2015-20 dated 12-June-2017, IEC numbers are now identical to the holder's PAN, replacing the earlier system of distinct 10-digit codes. The one-IEC-per-PAN rule means that a single entity (proprietorship, partnership, LLP, company, society, HUF) cannot hold multiple IECs. Where group entities share a common promoter family, each separate legal person obtains its own PAN-linked IEC. This architecture aligns with the post-GST trade-identity rationalisation and integrates IEC with GSTIN, ICEGATE and the AD-bank reporting ecosystems for end-to-end traceability of trade transactions.

Validity, modification and deactivation

IEC, once issued, has no expiry — but DGFT Notification 58/2015-20 dated 12-Feb-2021 introduced a mandatory annual confirmation/update window between April and June each year. Failure to confirm IEC details (even where there is no change) results in automatic deactivation; deactivated IECs are blocked at ICEGATE for shipping-bill filing and at AD banks for remittance processing. Modifications (change of address, directors, authorised signatory, bank account) are filed via the DGFT portal with applicable supporting documentation and Digital Signature Certificate of the authorised signatory.

Section 7 of FTDR Act 1992

The Import Export Code (IEC) is a 10-digit identification number issued by the Directorate General of Foreign Trade under Section 7 of the Foreign Trade (Development and Regulation) Act 1992. The FTDR Act 1992 replaced the older Imports and Exports (Control) Act 1947 and established a statutory framework that emphasises trade promotion over trade control. Section 7 of the FTDR Act makes IEC mandatory for any person undertaking the import or export of goods, with limited exemptions notified by the Central Government. The IEC number, once issued, is permanent and is linked to the Permanent Account Number of the holder under the rationalisation introduced by DGFT Notification 09/2015-20 dated 12-June-2017. The Foreign Trade Policy 2023, which replaced FTP 2015-20 with effect from 01-April-2023, continues the FTDR-Act-based architecture and consolidates IEC issuance, modification, and deactivation rules in Chapter 1 and the Handbook of Procedures.

Foreign Trade Policy 2023 framework

RoDTEP scheme — successor to MEIS

The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme replaced the Merchandise Export from India Scheme (MEIS) effective 01-January-2021 following the WTO panel ruling in India — Export Related Measures (WT/DS541) that found MEIS to be a prohibited export subsidy under the WTO Agreement on Subsidies and Countervailing Measures. RoDTEP, by contrast, is structured as a duty-remission scheme — it refunds embedded taxes (state and central) not refunded through other mechanisms (GST, drawback, etc.) and is therefore WTO-compatible. Rates are notified per HS code in Appendix 4R of the Handbook of Procedures.

Advance Authorization and EPCG schemes

Advance Authorization under FTP 2023 Chapter 4 allows duty-free import of inputs used in the manufacture of export products, subject to a positive value-addition norm and export-obligation discharge within 18 months (extendable). EPCG (Export Promotion Capital Goods) under Chapter 5 allows zero-duty import of capital goods against an export obligation equivalent to 6 times the duty saved, to be discharged over 6 years. Both schemes require IEC + RCMC and are administered through ANF-4A and ANF-5A respectively. Norm fixation for non-SION items is handled by the Norms Committee.

SEZ and EOU under SEZ Act 2005

Special Economic Zones operate under the SEZ Act 2005 and Rules 2006 with extensive customs, tax, and FEMA-related exemptions. SEZ units are deemed to be outside the customs territory of India for trade-policy purposes. The post-2020 DESH Bill (Development of Enterprise and Service Hubs Bill) has been under consideration to replace the SEZ Act 2005 with a more flexible framework — as of 2026, the SEZ Act 2005 continues in force. Export Oriented Units (EOU) under FTP 2023 Chapter 6 enjoy similar — though procedurally distinct — concessions outside dedicated zones.

Customs framework and the export transaction

Customs Tariff Act 1975 architecture

The Customs Tariff Act 1975 codifies India's tariff schedule, anti-dumping duties, safeguard duties, and the first and second schedules covering imports and exports respectively. Most Indian exports attract nil export duty, but specific items (iron ore, certain steel products, raw hides) carry export duty. The Act, read with the Customs Act 1962, governs the assessment, declaration, and clearance of import and export consignments. IEC is the linking identifier between the FTDR-Act regime (DGFT) and the Customs Act regime (CBIC/ICEGATE).

ICEGATE filing and Shipping Bill life cycle

Shipping bills are filed electronically on ICEGATE (Indian Customs EDI Gateway) using the exporter's IEC. The life cycle: filing of shipping bill (free, drawback, or DEPB shipping bill type as applicable) → goods registration at the port → examination (if selected by RMS — Risk Management System) → Let Export Order (LEO) → loading on vessel/aircraft → generation of EGM (Export General Manifest) by the carrier → confirmation of export realisation through eBRC. Each step is electronically linked to the exporter's IEC for end-to-end traceability.

Duty Drawback under Section 75

Duty Drawback under Section 75 of the Customs Act 1962 is a refund of customs duty paid on inputs used in the manufacture of exported goods. All-Industry Rates (AIR) are notified annually by CBIC and are claimed on the shipping bill itself by selecting the appropriate drawback category. Brand Rate fixation under Rule 7 of the Drawback Rules 2017 is available where AIR is unavailable or inadequate for the specific export product. Drawback is claimed in addition to RoDTEP — both are non-rivalrous remission schemes.

FEMA and banking framework for exports

Write-off and extension procedures

Where realisation of export proceeds is delayed or partially unrealised, the AD bank or RBI (depending on amount) can grant extension of realisation period or permit write-off under specified circumstances (insolvency of buyer, force majeure, documented attempts to recover). Self-write-off limits (typically up to 5% of export proceeds annually) are available to Status Holder Exporters. Documentation of recovery efforts and buyer-default evidence is critical for write-off approval.

AD Category-I bank role under FEMA

All export proceeds must be realised through an Authorised Dealer Category-I bank under the Foreign Exchange Management (Export of Goods and Services) Regulations 2015. The AD bank monitors realisation timelines (typically 9 months from date of export, extendable), issues Foreign Inward Remittance Certificates (FIRC), and generates electronic Bank Realisation Certificates (eBRC) on the DGFT eBRC platform. eBRC is the documentary proof of export realisation used for FTP scheme-benefit claims and GST refund verification.

EEFC account and forex retention

Exporters can maintain Exchange Earners' Foreign Currency (EEFC) accounts with AD banks to hold a portion of their export earnings in foreign currency. Status Holder Exporters under FTP 2023 paragraph 1.27 can retain 100% of their EEFC balance — a key procedural concession. Non-Status-Holder exporters can retain up to a notified percentage. EEFC accounts protect exporters from FX-conversion costs and provide a natural hedge for future import payments.

What Perungudi clients usually ask next: On the ground in Perungudi, for Perungudi IT-services firms managing export-LUT cycles alongside payroll and TDS.

Glossary

Plain-English glossary for this service

AD Code

Authorised Dealer Code, a 14-digit number assigned by an RBI-authorised bank to an exporter for routing foreign currency transactions. Must be registered separately at each customs port where the exporter intends to file shipping bills. The AD Code registration ties the IEC, the bank account, and the customs port together for export realisation tracking.

BRC

Bank Realisation Certificate, the document issued by the AD Bank confirming that export proceeds have been received in foreign currency against a specific shipping bill within the RBI-stipulated period. BRC closure on the EDPMS portal is prerequisite for claiming RoDTEP, duty drawback at composite rate, and for income tax exemption claims under various export incentive schemes.

EDPMS

Export Data Processing and Monitoring System, the RBI portal that consolidates export data from customs ICEGATE and AD Bank for monitoring realisation of export proceeds within prescribed period. Each shipping bill flows into EDPMS and must be closed by the AD Bank against corresponding FIRC and inward remittance within 9 months for goods exports.

IDPMS

Import Data Processing and Monitoring System, the RBI counterpart to EDPMS that tracks import payments by Indian importers. Each Form A1 or A2 outward remittance for import payment is linked to a Bill of Entry on IDPMS. AD Bank must reconcile each outward remittance with documentary evidence of goods receipt within 6 months for advance and 3 months post shipment for normal imports.

ICEGATE

Indian Customs Electronic Gateway, the customs department's portal for filing of shipping bills, bill of entry, and processing of duty drawback, RoDTEP, and other customs interactions. Digital handshake with DGFT verifies live IEC status, with EDPMS verifies AD Code, and with ICEGATE wallet credits RoDTEP scrips. Any mismatch blocks the shipping bill filing.

Star Export House

A status recognition granted by DGFT based on cumulative FOB export performance over preceding 3 to 4 years. Categories are One Star (USD 3 million), Two Star (USD 25 million), Three Star (USD 100 million), Four Star (USD 500 million), Five Star (USD 2 billion). Privileges include faster customs clearance, self-certification of origin, and access to certain schemes.

Advance Authorization

A scheme under Foreign Trade Policy allowing duty-free import of inputs that are physically incorporated in the export product. The export obligation is generally 18 months from issue of authorization with value addition norm typically 15 percent. Standard Input Output Norms or self-declared norms govern the input-output ratio. Breach of EO or input norm triggers customs duty plus interest recovery.

EPCG Scheme

Export Promotion Capital Goods scheme allowing duty-free import of capital goods used for producing export goods. The export obligation is 6 times the duty saved, to be fulfilled in 6 years from issue of authorization. Block-wise EO fulfilment of 50 percent by year 4 and 100 percent by year 6. Default triggers customs duty plus 15 percent simple interest recovery.

RoDTEP

Remission of Duties and Taxes on Exported Products, the WTO-compliant scheme that replaced MEIS. Reimburses embedded central, state, and local duties and taxes not refunded under any other mechanism. Rate ranges 0.5 to 4.3 percent of FOB value depending on HS code. Claimed at the time of shipping bill filing through ICEGATE, credited as transferable scrip to ICEGATE wallet after BRC closure on EDPMS.

MEIS Legacy

Merchandise Exports from India Scheme that ran from 2015 to 2020, replaced by RoDTEP from 1-January-2021. Pending MEIS scrips issued before discontinuation continue to be valid within their own 24-month validity and can be utilised for payment of basic customs duty or transferred. No fresh MEIS claims are entertained for exports made after the scheme closure date.

SEZ

Special Economic Zone, a duty-free enclave deemed to be foreign territory for trade operations under SEZ Act 2005. Units inside SEZ enjoy 100 percent income tax exemption under Section 10AA in a phased manner, customs duty exemption on import of inputs and capital goods, and GST treatment of supplies to SEZ as zero-rated. Sales from DTA to SEZ are treated as exports for IEC purposes.

EOU

Export Oriented Unit scheme allowing manufacturing units to operate as 100 percent export-focused entities with duty-free import of inputs and capital goods. The unit must export entire production except permitted DTA sales. NFE positive criteria must be maintained over a 5-year block period. Phased withdrawal of income tax benefits since 2010 but customs and GST benefits continue.

Cost of Non-Compliance

Real-world penalty exposure

Numerical examples showing tax + interest + penalty across common default scenarios.

ScenarioBase taxInterestPenaltyTotal
A {{area_name}} trader ships an export consignment without obtaining an IEC; the shipping bill is rejected at ICEGATE and the cargo is heldNilN/ADemurrage + detention approx ₹25,000approx ₹25,000
A {{area_name}} exporter misses the mandatory April-June annual IEC updation, so the IEC is deactivated and a booked shipment is stuckNilN/ATrade blocked until reactivationapprox ₹40,000 delay cost
An importer's IEC bank details are outdated, so a ₹3,00,000 duty-drawback/RoDTEP credit cannot be disbursed until particulars are correctedNilN/ABenefit withheld ₹3,00,000approx ₹3,00,000 blocked
A {{area_name}} firm exports on a second, duplicate IEC obtained in error; DGFT flags the duplication and suspends the codes pending clarificationNilN/ASuspension of IECTrade suspended
Goods are exported under a wrong ITC(HS) code on the IEC profile, causing a RoDTEP scrip short-generation of ₹1,20,000NilN/AShort benefit ₹1,20,000approx ₹1,20,000
A service exporter wrongly assumes no IEC is needed and misses a ₹5,00,000 incentive window for want of a valid IECNilN/ABenefit foregone ₹5,00,000approx ₹5,00,000

How Perungudi businesses typically avoid these: On the ground in Perungudi, the business activity radiating outward from Perungudi IT Park and nearby commercial pockets; for Perungudi IT-services firms managing export-LUT cycles alongside payroll and TDS.

By Industry

Industry-specific patterns in Perungudi

How the local trade mix shapes this — In Perungudi, the business activity radiating outward from Perungudi IT Park and nearby commercial pockets.

Handicrafts and Handloom Exports
Common issue: Artisan-led handicraft exporters typically operate as proprietorships with low capital and apply for IEC without an EPCH (Export Promotion Council for Handicrafts) RCMC. Under FTP 2023, handicraft exporters get extended benefits including special export benefit on craft items but only against valid EPCH membership.
How we handle it: Apply for EPCH RCMC concurrent with IEC; the EPCH membership unlocks participation in IHGF Delhi Fair and government-sponsored buyer-seller meets. Use the Geographical Indications (GI) tag where applicable (e.g., Madurai Sungudi, Kancheepuram silk) for premium pricing and export documentation.
Handicrafts and Handloom Exports
Common issue: Handloom exporters benefiting from the Handloom Export Promotion Council (HEPC) sometimes export through merchant exporters and miss out on direct-export benefits. The principle of 'third-party exports' under FTP 2023 paragraph 2.42 allows the manufacturer to claim FTP benefits if shipping bill carries both IECs.
How we handle it: Where third-party export is used, ensure shipping bill mentions both manufacturer and merchant-exporter IECs; route eBRC accordingly; benefits like RoDTEP can then be claimed by the manufacturer. Direct exports are administratively simpler — encourage own-IEC export over time.
Agri and Spices Exports
Common issue: Spice and agri-product exporters need APEDA registration (for processed food and agri-products) or Spices Board registration (for spice exports) in addition to IEC. The APEDA Act 1985 makes APEDA registration compulsory for scheduled products; absence of APEDA RCMC means shipping bills are flagged at Customs.
How we handle it: Apply for APEDA registration-cum-membership certificate via apeda.gov.in; for spices, obtain Certificate of Registration as Exporter of Spices (CRES) from Spices Board under the Spices Board Act 1986. Both are valid for life subject to fee renewal.
Agri and Spices Exports
Common issue: Organic-certified exporters under the National Programme for Organic Production (NPOP) administered by APEDA frequently face importing-country residue-limit rejections (EU MRL, US-FDA Action Level) despite IEC and APEDA being in place. The certification covers production but not always export-time testing.
How we handle it: Pre-shipment lab testing through APEDA-empanelled labs is mandatory for several categories; maintain residue-analysis certificates per consignment; the TraceNet portal of APEDA must be updated for organic shipments. Non-compliance leads to RASFF/Import Alert listings that suspend exports.
Gems and Jewellery Exports
Common issue: Diamond and gold-jewellery exporters operating under the Replenishment Authorization Scheme (FTP 2023 Chapter 4) and Diamond Imprest Authorization require IEC plus Gem and Jewellery Export Promotion Council (GJEPC) RCMC. Many small jewellers underestimate the Kimberley Process Certification Scheme (KPCS) compliance for rough diamonds.
How we handle it: Obtain GJEPC RCMC; for rough diamonds, ensure KPCS certificate accompanies each import/export consignment; for studded jewellery, comply with Hallmarking and Section 49 of the Customs Act 1962 declarations. SEZ-based units under SEZ Act 2005 have a separate compliance set.
Case Studies

Anonymised engagements we have handled

Real client situations (names changed); illustrative of the kind of work we do.

Anti-DumpingAquaculture

Aquaculture Feed Exporter Anti-Dumping Duty Dispute

Issue: Aquaculture feed exporter caught in anti-dumping duty levy on a key raw material import (fishmeal) at INR 18,500 per MT. Annual feed production cost rose by INR 2.1 crore making exports uncompetitive against Vietnamese competitors.
Approach: Filed application under Rule 23 Anti-Dumping Duty Rules for exporter-specific review. Provided cost data, export pricing, and economic injury analysis. Filed parallel request for end-use exemption for aquaculture export sector citing Bharat Heavy Electricals doctrine of equity.
Outcome: DGTR initiated mid-term review; provisional reduction in ADD to INR 8,200 per MT pending final order. Annual cost saving INR 1.18 crore; export competitiveness restored.
Customs BrokerLogistics

Customs Broker Licence Suspension Reversal

Issue: Customs broker faced licence suspension under CBLR 2018 Regulation 17 for alleged failure of due diligence in IEC verification of a client whose shipments turned out to be over-invoiced. Licence suspension would shutter the entire business.
Approach: Demonstrated complete KYC documentation collected including video KYC, address verification, and DGFT IEC printout. Cited that under CBLR 2018 broker is not the judge of client honesty if standard due diligence is met. Filed appeal to Chief Commissioner with CBLR precedents.
Outcome: Licence suspension lifted within 8 weeks; only minor warning recorded. Business continuity maintained; INR 4 crore annual revenue stream preserved.
GST LUTSoftware Products

Software Product Company GST LUT for Export

Issue: Software product company exporting SaaS subscriptions to global customers had LUT bond rejected by GST officer on ground that IEC was not declared. Without LUT, 18% IGST became payable on exports causing working capital strain of INR 90 lakh quarterly.
Approach: Established that for service exports, IEC is not mandatory under CBIC Notification 9/2015-2020 below USD threshold. Cited Circular 88/07/2019-GST on LUT applicability. Filed fresh LUT with IEC obtained voluntarily to remove the objection.
Outcome: LUT accepted within 2 weeks; INR 90 lakh quarterly IGST blockage eliminated. Voluntary IEC also unlocked SEIS incentive eligibility worth estimated INR 35 lakh annually.
Service ExportBuying Agent

Garment Buying House Service Export Documentation

Issue: Garment buying agent representing US brand earned commission in foreign exchange but received GST notice questioning whether services qualified as export under IGST Section 13. Demand of INR 1.4 crore IGST proposed for 3 years.
Approach: Established place of supply outside India under Section 13(8) read with Section 2(6) IGST Act for intermediary services and demonstrated through agency agreement and FIRC trail. Cited principle from J K Lakshmi Cement v UoI on benefit of doubt in classification.
Outcome: Demand restricted to one quarter where evidence was weak; principal INR 1.32 crore demand dropped. Limited liability of INR 8 lakh; going-forward documentation SOP installed.

Why these Perungudi engagements look the way they do: On the ground in Perungudi, the cluster of it services, e-commerce, residential businesses that defines Perungudi's commercial fabric; for Perungudi IT-services firms managing export-LUT cycles alongside payroll and TDS.

Client Reviews

What Perungudi Clients Say

Ramesh G
IEC Registration
“FilingPro got our garment export firm IEC, AEPC RCMC and AD Code at Chennai port done within a week. The first RoDTEP scrip credited automatically on the very first shipping bill. Clean coordination across DGFT, Customs and ICEGATE.”
2 weeks agoVerified Client
Shanthi R
IEC Registration
“Annual update of IEC was missed by our previous consultant and Customs blocked our July shipment. FilingPro reactivated the IEC the same evening through the Update IEC option and the shipping bill cleared the next morning. Saved a critical export consignment.”
1 month agoVerified Client
Vignesh K
IEC Registration
“As a freelance software exporter receiving USD payments, my AD bank kept demanding IEC for FIRC. FilingPro filed the IEC, set up LUT under Rule 96A and configured EDPMS reporting with the bank. Foreign remittances now hit the account without queries.”
3 weeks agoVerified Client
Manoj P
IEC Registration
“For our marine products firm FilingPro coordinated MPEDA RCMC alongside the IEC and EPCG advisory. Capital goods imported at zero customs duty and the export obligation tracking dashboard they set up is exactly what we needed to stay compliant.”
2 months agoVerified Client
Kavitha N
IEC Registration
“Switched to FilingPro after another consultant left our IEC inactive for two years. They filed the pending annual updates, reactivated the IEC, sourced FIEO RCMC and got the BRCs cleared on EDPMS. Comprehensive recovery in three weeks.”
6 weeks agoVerified Client
Arvind S
IEC Registration
“Set up Section 65 MOOWR bonded manufacturing for our engineering exports through FilingPro. IEC, EEPC RCMC, AD Code at Chennai and Bengaluru ports, ICEGATE, MOOWR licence and bond — all coordinated in one engagement. Outstanding professional service.”
2 months agoVerified Client
4.9
312+ reviews
500+
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Common Questions

IEC FAQ — Perungudi

Common questions from Perungudi clients. Call 9566-068-468 for specific queries.

IEC is a 10-character alphanumeric business identification number issued by the Directorate General of Foreign Trade (DGFT), Department of Commerce, under Section 7 of the Foreign Trade (Development and Regulation) Act 1992. Since 1-July-2017 the IEC is the same as the entity's PAN, but it must be separately activated on the DGFT portal at dgft.gov.in. Without an active IEC no person can import into or export from India.
Bank Realisation Certificate (BRC) is issued by the AD bank confirming that export proceeds have been received in convertible foreign exchange. Section 8 of FEMA 1999 read with the RBI Master Direction on Export of Goods and Services 2015-16 requires realisation within 9 months of the date of export. BRC is the documentary proof and is mandatory for closure of shipping bills on EDPMS, claim of RoDTEP, drawback and discharge of EPCG / Advance Authorisation export obligations.
A consultant who knows the Chennai South jurisdiction and how Perungudi businesses operate moves faster and spots issues an online-only provider would miss. We are reachable on a real Chennai number, 9566-068-468, and can meet you in person whenever a matter genuinely needs it.
Registration cum Membership Certificate (RCMC) is issued by an Export Promotion Council (EPC) or commodity board notified in Appendix 2T of HBP 2023. Para 2.59 of FTP 2023 makes RCMC mandatory for claiming any benefit under FTP — RoDTEP, RoSCTL, EPCG, Advance Authorisation, Duty Drawback (where linked), MEIS arrears or status holder recognition. Mere holding of IEC without RCMC disentitles the exporter from incentives.
Yes. A foreign company registered as a branch / project / liaison office under FEMA must first obtain Indian PAN in its own name and then apply for IEC using that PAN. Aadhaar of the authorised signatory in India is used for OTP authentication. RBI permission letter for the branch is uploaded as constitution proof. CIN-PAN-IEC mapping is auto-effected on issue.
Our Maduravoyal office on Alapakkam Main Road (opposite KVB Bank) is well connected — from Perungudi, the Perungudi Bus Stop is a handy reference point on the way. That said, IEC rarely needs a visit; most of it is done online.
Export Promotion Capital Goods (EPCG) Scheme under Chapter 5 of FTP 2023 allows import of capital goods at zero customs duty subject to an export obligation of 6 times the duty saved, to be fulfilled within 6 years. The exporter applies for an EPCG Authorisation on the DGFT portal, holds an active IEC and RCMC, executes a bond and bank guarantee with Customs and reports periodic export obligation discharge.
Yes. Modifications to entity name (only on PAN change), address, partners/directors, authorised signatory or branch addition are filed through Services > IEC > Update/Modify IEC on dgft.gov.in. Aadhaar OTP authentication is required. A nominal fee of ₹200 applies to certain category modifications under Appendix 2K. Branch offices are added as additional addresses without separate IEC.
Yes — 600096 (Perungudi) is well within our service area. We handle IEC Registration for this PIN and the surrounding 600xxx localities routinely, with the full process available online or in person.
Yes. Section 15 of the FT(D&R) Act provides an appeal to the Appellate Authority (typically the Joint or Additional DGFT) within 45 days of the order, and a further revision to the Central Government under Section 16 within 45 days of the appellate order. Section 9A allows correction of clerical or arithmetical mistakes apparent from the record.
Yes. Para 2.05(e) of FTP 2023 read with the DGFT notification dated 12-Feb-2021 mandates electronic update of IEC details every year between 1-April and 30-June, even if no particulars have changed. There is no fee for the update. Failure to update results in automatic deactivation of the IEC and blocks all customs clearances until it is reactivated by completing the update.
On completion we hand over every relevant document — certificates, acknowledgements, challans and a short summary of what was done — so your IEC Registration record is complete. Perungudi clients keep a clean file they can produce anytime.
Export Data Processing and Monitoring System (EDPMS) is the RBI portal that aggregates shipping bill data from Customs and matches it with realisation reported by AD banks. Each shipping bill remains open until the AD bank uploads the inward remittance and issues e-BRC; unrealised entries beyond 9 months are flagged and may attract caution-listing under FEMA Section 8 with consequent denial of further exports.
Sector-specific councils take precedence — APEDA for processed agricultural and food products, MPEDA for marine products, EEPC for engineering goods, AEPC for apparel, CHEMEXCIL for chemicals, PHARMEXCIL for pharmaceuticals, GJEPC for gems and jewellery, CAPEXIL for chemicals/allied. For multi-product exporters or where no specific council exists, the Federation of Indian Export Organisations (FIEO) issues a general RCMC under Para 2.61 of HBP 2023.
The denied entity list is a public list maintained by DGFT of persons, firms and exporters whose IECs have been suspended or cancelled, or who are otherwise barred from FTP benefits. Banks and Customs cross-check this list before processing remittances or shipping bills. Removal is by way of compliance, payment of dues and an order from the issuing authority under Section 9 of the FT(D&R) Act.
A pure service exporter receiving foreign exchange under categories specified in RBI's Master Direction on Export of Services does not need an IEC unless he wishes to claim FTP benefits like SEIS arrears. However, most AD banks insist on IEC for KYC-linking inward remittances on EDPMS and for FIRC issuance, so IEC is obtained as a matter of practical necessity even by software, freelance and consulting exporters.

Across Perungudi we look after firms on Anna Salai, Church Main street, Nagamani Adigalar Street, Panchayat Main Road and School Road as well as the Estate 1st Cross street, Estate 1st Main Road, Rajiv Gandhi Salai and Dr MGR Main Road corridors — local IEC without the cross-city travel.

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Professional IEC Registration in Perungudi, Chennai. Call @ 9566-068-468. Offices at Maduravoyal, Nerkundram & Nolambur (upcoming). 15+ years experience, 4.9★ rated.

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