Import Export Code
₹ 3,000/- (all inclusive)
- Provide Required Documents
- Drafting and preparation of Application
- Filing of online IEC Code registration application with DGFT
- Import Export code Certificate.
What is Import Export Code?
IMPORT EXPORT CODE (IEC) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/ company for carrying out import/export. An IEC is necessary to obtain before you start an Import or Export of goods. In case of Import/Export of Services/Technology,IEC is only required in specified Services/ Specified Technology. These Specified Services/ Technology includes that trade which are restricted by the Government of India as they pertain to National Security, such as dealings in nuclear weapons, automatic guns etc.
IE Code application must be made to the Directorate General of Foreign Trade along with the necessary supporting documents. Once, the application is submitted, DGFT will issue the IE Code for the entity in 15 – 20 working days or less.
Advantages of Import Export Code
Documents Requirements
PAN Card
A scanned copy of a PAN card of the applicant or the company
Address Proof
Sale Deed/ Rent Agreement/ Latest Electricity Bill/ Telephone Bill in name of applicant
Cancelled Cheque
A cancelled cheque of current account bearing entity’s pre-printed name or Bank Certificate in form ANF-2A(i)
PAN card of Director or Partner
For a company/partnership, PAN card of the Director/Partner is a must
Certificate of Registration
Entity should provide the registration certificate with MoA- AoA / LLP Agreement, or a Partnership Deed as applicable
Procedure
Frequently Asked Questions
The IEC registration is required under the following circumstances:
1) It is a pre-requisite for any entity planning to engage in the business of import and export from India.
2) In case of service or technology, if the provider is taking benefits under the Foreign Trade Policy, then the IE code registration is mandatory for them.
No. Import Export Code registration is not compulsory for the below-mentioned activities:
- If the import or export of goods is done for the personal use.
- If the import or export is carried out by any Government Ministry or department or a notified charitable organization.
- Any other category mentioned or defined by the DGFT.
Any individual involved in the import and export of goods or services for the purpose of conducting business can make IE Code application. They can obtain the IE code by filing an online application accompanied with required documents. In case the person does not have a current account for the business, he/she may provide canceled cheque of the savings account for the purpose of filing IE code application.
No, w.e.f. 09.08.2018, DGFT has integrated PAN web service of CBDT with the server; therefore PAN card is not required to be uploaded. However, for the purpose of filing an application, the copy of the PAN card is required to be submitted to the team.
The Import Export Code comes with a lifelong validity unless the same is withdrawn or surrendered. Once the applicant receives the IE Code, there is no need to re-register as it is a perpetual registration.
No, there is no requirement to make a separate application for different places of business. This is a PAN based registration. Hence, the single registration will be valid for all the businesses and branch under the same entity.
No, there is no penalty however, the import or export is not possible without IE code.
No, there is no compliance to be fulfilled after the import-export license registration is obtained.
Import Export code is allotted with lifetime validity and therefore it does not require any renewal.
Yes, the IEC information can be modified by providing all the necessary documents even after the code is issued.
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