Registration
IEC IMPORT & EXPORT REGISTRATION (CODE)
IEC INTRODUCTION
In this age of
cut-throat competition, everyone wants to grow their business beyond the limits
of the domestic market. Doing business globally is more easy now-a-days due to
the advent of internet and technology. However, before going business globally,
you need to follow several procedures and laws and get various registration and
license. IEC (Import Export Code) license is one of such
prerequisites when you’re thinking of importing into or exporting from India.
It is also known as Importer- Exporter Code.
IEC (Import
Export Code) is required by anyone who is looking to kick-start
his/her import/export business in the country. It is issued by the
DGFT (Director General of Foreign Trade). IEC is a 10-digit
code that has lifetime validity. Predominantly importer merchants cannot
import goods without the Import Export Code and similarly, the exporter
merchant cannot avail benefits from DGFT for the export scheme, etc., without
IEC.
BENEFITS OF IEC REGISTRATION
· EXPANSION
OF BUSINESS
· 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 RETURN
FILING
· 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.
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
How can I print my IEC certificate?
You can take print out
of your IEC certificate by the below process:
·
Visit the DGFT website.
·
Click on the ‘Services’ tab on the
homepage.
·
Select the ‘IEC Profile Management’ option
from the drop-down list.
·
A new page will open. Click on the ‘Print
IEC’ option on the page.
·
Verify your details and click on the ‘Print
IEC’ button.
Documents required for IEC (Import Export Code) registration
Proprietor’s voter
ID, Aadhaar card or passport copy.
documents
are required:
•
Individual’s, firm’s or company’s copy of
PAN Card.
•
Proof of establishment, incorporation or
registration of the partnership, society, proprietorship
firm, company, HUF, etc.
o Proof
of address of business premise, such as sale deed, lease deed, rent agreement or
utility bills (electricity bill, telephone bill or mobile bill).
o Individual’s
or company’s or firm’s cancel cheque copies of current bank accounts.
•
A self-addressed envelope for delivery of
IEC certificate by registered post.
📄 Document
Title: DOCUMENTS IEC IMPORT & EXPORT REGISTRATION
📜 Document Instructions:
Format: 📝 Word Document
📄 Document
Title: COMPANY PROFILE OF IEC IMPORT & EXPORT REGISTRATION
📜 Document Instructions:
Format: 📄 PDF
Service Related FAQ
WHAT IS IEC?
IEC Or Importer Exporter Code Is A Unique 10-Digit Alpha Numeric Code Issued On The Basis Of Pan Of An Entity.
WHY IS IEC REQUIRED?
To Import Or Export In India, IEC CODE IS Mandatory. No Person Or Entity Shall Make Any Import Or Export Without IEC Code Number, Unless Specifically Exempted.
WHO CAN GET IEC?
An Individual Or A Company Who Wants To Do International Business Can Get An Iec. Individuals Can Use Either The Name Of Their Company Or Their Name Directly To Apply For IEC.
WHO ISSUES IEC?
iec is issued in electronic form (e-IEC) by directorate general of foreign trade (DGFT) which is under ministry of commerce, government of INDIA.
What Is The Validity Of IEC?
IEC allotted to an applicant shall have permanent validity but it is mandatory to update the IEC annually so that the IEC is not deactivated. if the IEC is updated between APRIL-JUNE period each year.
