Import/Export Code

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Import - Export Code

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. In case of import or export of services or technology, the IEC shall be required only when the service or technology provider is taking benefits under the Foreign Trade Policy or is dealing with specified services or technologies.

The nature of the firm obtaining an IEC may be any of the follows- “Proprietorship, Partnership, LLP, Limited Company, Trust, HUF and Society.” Consequent upon introduction of GST, IEC number is the same as the PAN of the firm. The IEC would be separately issued by DGFT.

Situations Where IEC is Required

When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.

When an importer sends money abroad through banks then it’s needed by the bank.

When an exporter has to send his shipments then it’s needed by the customs port.

When an exporter receives money in foreign currency directly into his bank account then it’s required by the bank.

Documents required for IEC (Import Export Code) Registration
For IEC Code Registration, the following documents are required:
1. Individual’s or Firm’s or Company’s copy of PAN Card.
2. Individual’s voter id or Aadhar card or passport copy.
3. Individual’s or company’s or firm’s cancel cheque copies of current bank accounts.
4. Copy of Rent Agreement or Electricity Bill Copy of the premise.
5. A self-addressed envelope for delivery of IEC certificate by registered post.
6. Benefits of IEC Registration
7. Expansion of Business
8. IEC assists you in taking your services or product to the global market and growing your businesses.

Availing Several Benefits

The Companies could avail several benefits of their imports/ exports from the DGFT, Export Promotion Council, Customs, etc., on the basis of their IEC registration.

No Filing of returns

IEC does not require the filing of any returns. Once allotted, there isn’t any requirement to follow any sort of process for sustaining its validity. Even for export transactions, there isn’t any requirement for filing any returns with DGFT.

Easy Processing

It is fairly easy to obtain IEC code from the DGFT within a period of 10 to 15 days after submitting the application. There isn’t any need to provide proof of any export or import for getting IEC code.

No Need For renewal

IEC code is effective for the lifetime of an entity and requires no renewal. After it is obtained, it could be used by an entity against all export and import transactions.

Procedure for obtaining Import and Export Code

Exporters/importers shall file an online application in form ANF 2A.

The applicant is required to submit only two documents one is the address proof and other is the pre-printed cheque or bank certificate.

Once the online application is submitted, along with appropriate fees and requisite documents, IEC will be auto-generated.

Intimation regarding allotment of IEC will be sent to an applicant via SMS and E-mail along with a hyperlink through which the e-IEC can be downloaded and printed.

Regional Authority would conduct post-verification of the online IEC as per the guidelines. In case there is any wrong/incomplete information being furnished, the applicant would be liable for penal/criminal action and in such case, IEC would be either suspended or cancelled.

An e-IEC holder needs to update his profile immediately after issuance of e-IEC.

ANF-1 of the Handbook of Procedure contains the profile of the importer/ exporter.

Every IEC holder is responsible for updating its profile, immediately. Further, in case of any change in IEC or in any other case, the profile updation needs to be done at least once in a year.

Registration Pricing

Basic

₹ 1,499/-

Silver

₹ 2,499/-

Advanced

₹ 5,499/-

Our Registration Process

The Firm compiles a work plan to meet the client goals ensuring a smooth acquisition.

Import/Export Code

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Import - Export Code

Registration Pricing

Basic

₹ 1,499/-

Silver

₹ 2,499/-

Advanced

₹ 5,499/-

Our Registration Process

Complete our simple form

Submit Documents

Verification of Documents

Preparation of file process

Generated

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