IEC

Import-export code

Import Export Code (also known as IEC code) is a 10 digit identification number that is issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India.

  • Register for your IEC The Importer -Exporter Code (IEC) is a key business identification number which is mandatory for Exports or Imports. No person shall make any import or export except under an IEC Number granted by the DGFT.

Is import export code necessary for import export business?

  • Yes, as per the government rules, Import Export Code is necessary if you are in the import export business.

What is the import and export business in India?

  • In India, nowadays business of Import and Export is growing as the government itself is promoting Import and export of goods and services from India. Directorate General of Foreign Trade (DGFT) is making rules and regulation regarding Import and exports.

Importance important and Export Code

Import and export business is undoubtedly an excellent option for the people that are new to the business and willing to unlock the corridors of the international market with their product or service. Import Export Code, also referred to as IE Code may be a key requirement for such people which not only increases the expansion and development of your business but also induces a particular level of ordinary of the business entity.

Following are the importance Import Export Code (IEC)

  1. Unlocking the international market

Since the IE Code may be a requirement for import and export business, it does allow people to possess their reach to the international market. This enhances the business quality and takes it forward.

2. Establishing business standard and global reach

Import and export business has certain factors. Import Export Code maintains a healthy account between two clients. Promoting the worldwide reach also establishes a Business standard of your entity.

3. Lifetime validity

one among the key features of the Import Export Code is that it the validity of lifetime i.e a business entity may entertain its benefits till the time it exists. The unique 10 digit code doesn’t even require any quiet renewal.

4. Reduces illegal goods transportation

As per the instructions and requirements for getting the Import Export Code, you would like to offer your authentic information. nobody can get the IE Code without giving full authentic information. This restricts the transportation of illegal goods.

5. Companies may entertain certain benefits

There are many benefits if you’ve got obtained an Import Export Code for your business. a corporation may entertain benefits on Import and export from DGFT customs, and Export Promotion council, etc. One also can claim the refund of taxes paid during exporting the products.

Documents Required For Import Export Code (IEC) Registration

  • FOR PROPRIETORSHIP & INDIVIDUAL
  • ALL OTHER COMPANIES OR ENTITIES
  • PAN CARD OF THE INDIVIDUAL & PROPRIETORSHIP FIRM (IF ANY)
  • PHOTO OF PROPRIETOR
  • IDENTITY PROOF OF PROPRIETOR (VOTER ID CARD/AADHAAR CARD/ PASSPORT/ DRIVING LICENSE)
  • ADDRESS PROOF OF THE PROPRIETOR (SALE DEED/RENT AGREEMENT/LEASE DEED/ELECTRICITY BILL/MOBILE BILL/TELEPHONE BILL)
  • NOC FROM THE OWNER OF THE PROPERTY IF THE PROPERTY IS NOT REGISTERED IN THE NAME OF THE PROPRIETOR.
  • PRE-PRINTED CANCELLED CHEQUE/ BANK CERTIFICATE HAVING THE NAME OF THE PROPRIETOR.
  • EMAIL ID AND CONTACT NUMBER OF THE PROPRIETOR
Process Of Import Export Code (IEC) Registration
Step 1 – Submit Documents

You will have to submit the documents and information required.

Step 2 – Generate File Number

After receiving all the documents and information we will start registering your IEC and to proceed with the IEC registration you will receive an OTP on your registered mobile number and email id and you have to provide us with the same. After submitting OTP you will receive a file number on your registered mobile number. Once the file number is generated the government needs OTP for one more time to open the form. And after submitting the OTP the form will get opened.

Step 3 – Application Drafting

Once the form is opened we will draft the application and submit it to the government and make the payment for the IEC registration.

Step 4 – Get IEC Certificate

After the approval of the form, we will send you the soft copy of the registration certificate of IEC on your email address.

Exemptions on Import Export Code

The following are exempted from Import Export Code registration:

  • Importers covered by clause 3(1) [except sub-clauses (e) and (l)] and exporters covered by clause 3(2) [except sub-clauses (i) and (k)] of Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993
  • Department/Ministry of Central/state government
  • Import or export for personal use not connected with trade or manufacture or agriculture
  • Persons importing/exporting goods from/to Nepal, Myanmar through Indo-Myanmar border areas, and China (through Gunji, Namgaya Shipkila, and Nathula ports), provided CIF value of a single consignment does not exceed Indian Rs.25, 000. In the case of Nathula port, the applicable value ceiling will be Rs. 100,000However, exemption from obtaining IEC number shall not be applicable for the export of Special Chemicals, Organisms, Materials, Equipments, and Technologies

IEC Services

  • Import Export Code (IEC) AMMENDMENT
  • Import Export Code (IEC) Registration Including Govt Fees.(Company)
  • Import Export Code (IEC) Registration Including Govt Fees.(Partnership)
  • Import Export Code (IEC) Registration Including Govt Fees.(Proprietorship)