IEC [Import/Export Code]
- Importer Export Code Registration
Ensure your import export code application is submitted within two days at the DGFT office, subject to terms and conditions.*
Expand your business globally. Apply for your import export code code from anywhere in India.
- Import Export Code Registration with GTS
● Consult with our experts
● Submit the necessary documents
● Finalize your \iEC registration
- IEC Code Registration - Overview
The Import Export Code is a 10-digit code essential for Indian import and export businesses. Issued by the DGFT under the Ministry of Commerce, the trade does not require periodic renewal or filing. Importers need the Import Export Code to clear customs and process payments to foreign banks, while exporters require it for shipping goods and receiving payments. The import-export code number is crucial for any entity engaged in import or export activities in India.
- Advantages of IEC Code
● Global Market Access: Importer Exporter Code registration allows traders, including online e-commerce operators, to explore international markets.
● Government Schemes: Businesses can take advantage of various government initiatives like the Merchandise Export from India Scheme (MEIS) and the Service Export from India Scheme (SEIS).
● Simple Maintenance: There are no compliance requirements post-registration, making business operations easier.
● Streamlined Process: Obtaining an import-export code is straightforward and requires minimal documentation.
- Instances When IEC Code Is Necessary
The Import Export Code is necessary in the following scenarios:
● When customs clearance is needed for a shipment.
● When an importer makes overseas payments through banks.
● For exporters dispatching shipments at customs ports.
● When exporters receive foreign currency in their bank accounts.
- Import Export Code Validity
The Import Export Code is valid for a lifetime. Once obtained, it remains effective for all future import or export transactions, eliminating the need for renewal.
Types of Entities Eligible for Import Export Code
Any individual, company, partnership firm, Limited Liability Partnership (LLP), or other entities engaged in import or export activities can apply for an Import Export Code. Even businesses not currently importing or exporting but planning to do so in the future must obtain an trade beforehand.
- Types of Entities Eligible for Import Export Code
- Requirements for Import Export Code Applicatio
To apply for an import export code, you must meet the following prerequisites:
● A valid Permanent Account Number (PAN) issued by the Income Tax Department of India.
● A bank account in the name of the firm or individual, as the import export code is issued to the applicant.
● The business entity should be registered with the Registrar of Companies (ROC).
● Submission of relevant documents, including identity proof, address proof, and business entity details to the DGFT office.
- Steps to Register for an Import Export Code License Online
Registering for an Import Export code license online in India is simple and involves a few steps:
● If you’re a new user, click ‘Register’ to create an account with your basic details.
● Log in to the DGFT website using your registered credentials.
● Click on ‘Apply for trade,’ which will redirect you to the import-export code application form.
● Complete the application form by providing all required information, such as your firm’s name, PAN number, and bank details.
● Pay the trade registration fee online using internet banking, a debit card, or a credit card.
● After completing the application, uploading documents, and making the payment, review your application and click ‘Submit.’
● You can track your application status online. Once approved, you will receive the trade license via email.
- Required Documents for Import Export Code Registration
The following documents are needed for import Export Code License registration:
● PAN card of the company (not required for sole proprietors).
● Applicant’s PAN and Aadhaar card (or other identity proof).
● Incorporation certificate or partnership deed.
● Address proof (like an electricity bill, rent agreement, or sale deed).
● Copy of a cancelled cheque or banker certificate for the current account.
- Eligibility Criteria for Obtaining an Import Export Code Code
● Importers: Required to register for import export code to import goods into India, quoted during customs clearance and for international money transfers.
● Exporters: Must register for import export code to export goods from India, be quoted for shipments and be required to receive foreign funds.
● Proprietors: Individual business proprietors can obtain an import export code in their name without forming a company.
- Why Choose GTS
Partnering with GTS offers several advantages for IEC registration:
● Expertise: A team of legal experts knowledgeable in IEC registration ensures accurate handling of your application.
● Simplified Submission: Navigate the paperwork easily with GTS’s user-friendly platform.
● Timely Processing: Efficient handling ensures quick processing of your IEC registration, helping you launch your import/export activities swiftly.
● Tailored Guidance: Receive personalized support based on your specific business needs.
● Compliance Assurance: Attention to detail helps ensure compliance with all relevant regulations.
● Customer Support: Accessible support for any questions during the registration process.
- Frequently Asked Questions (FAQs)
How to Download Your IEC Certificate
Log in to the official DGFT website to access your IEC certificate.
Go to the Services section and select IEC Profile Management.
Scroll down to find “My IEC” and click on “Print IEC.”
Follow the prompts to download your IEC certificate in PDF format.
How to Modify Your IEC Code
In addition to registering your IEC, it’s essential to regularly update all relevant business information. Failing to make these updates as an importer or exporter can lead to discrepancies during customs inspections. Timely revisions, such as changes to your PAN, updates to directors, and adjustments in partnership status, will help ensure a smoother export process.
What is the technical requirement for filing IEC Number?
Digital Signature Token
PAN
Mobile Number and Email ID
Branch Office Address Details
Bank Account
Aadhar Card
Is IEC Number Required by Service Exporters?
An Import Export Code (IEC) is not mandatory for service exporters unless they wish to access benefits under the Foreign Trade Policy.
Who Issues IEC?
The Import Export Code (IEC) is issued in electronic form (e-IEC) by the Directorate General of Foreign Trade (DGFT), which operates under the Ministry of Commerce, Government of India.
What is the Validity of IEC Number?
An Import Export Code (IEC) issued to an applicant is valid for a lifetime. However, it must be updated annually to prevent deactivation. If updates are made between April and June each year, there is no fee for the update.
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