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Import / Export Code License

Overview

All businesses which are involved in the Import and Export of goods mandatorily require Import Export Code / IEC Registration.

Import Export Code is a ten-digit number with constant validity approved by the Directorate General of Foreign Trade below the Ministry of Commerce and Industry, to any bonafide person/ organization for carrying out import/export. Importers are not permitted to begin without this code and exporters can’t take benefit of exports from DGFT, Customs, Export Promotion Council, if they don’t have this code.

Our Process

Step 1

Discussion & collecting required documents

Step 2

Verification of Documents

Step 3

Application for IEC Registration

Step 4

IE Code Allotted

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Benefits

Valid for Life

An online Import Export Certificate once issued is efficient for a lifetime and has no expiry date. But, it needs to be renewed/updated online each year. Import Export code is valid nationwide and overall factories or branches of the organization.

Required by Importers

All importers who want to import goods in India need to have a strong IE Code. IE Code must be specified in all related customs documents. Bankers would need you to own valid IEC registration for securing payments abroad.

Required by Exporters

All exporters that export goods outside India require to possess a valid IE Code. It must be quoted in relevant customs documents. Bankers would want you to have an IEC registration while accepting money from overseas from your clients.

No Renewal

An IEC code once applied needs no renewals. Further, there are no cyclic returns to be filed regarding an IE Code.

Documents Required

Photograph of applicant

Residential Address Proof of all directors/partners/proprietor

Passport size Photograph

Entity Pan Card (Company / LLP / Partnership)

Incorporation Certificate of LLP / Company

GST Registration Certificate

Address proof for registered business

Cancelled Cheque Or Banker Certificate for IEC

Digital Signature Certificate (LLP / Company)

Clear All Your Doubts !

Who is required to make an online IEC code registration application?

The IEC registration is required under the following circumstances:

  • It is a pre-requisite for any entity planning to engage in the business of import and export from India.
  • In the 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.
Whether obtaining an IE code is mandatory for all?

No. Import Export Code registration is not compulsory for the below-mentioned activities:

If the import or export of goods is done for 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.

Can an individual apply for IEC registration?

Any individual involved in the import and export of goods or services for the purpose of conducting business can make an IE Code application. They can obtain the IE code by filing an online application accompanied by required documents. In case the person does not have a current account for the business, he/she may provide a canceled cheque of the savings account for the purpose of filing an IE code application.

Whether copy of the PAN Card is required to be uploaded?

No, i.e. 09.08.2018, DGFT has integrated the 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, a copy of the PAN card is required to be submitted to the team.

What is the validity of import-export code registration?

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.

Whether the separate application is to be made for another branch?

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 branches under the same entity.

Whether more than one IEC can be issued against one PAN?

Only a single IEC can be issued against a single PAN card. If at all more than one IEC is issued then it has to be surrendered to the regional office.

Is there any penalty for not having an importer and exporter code?

No, there is no penalty however, the import or export is not possible without IE code.

Whether renewal of IEC registration is required?

Import Export Code is allotted with lifetime validity and therefore it does not require any renewal.

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