Import Export Code (IEC) Registration

Home Import Export Code (IEC) Registration

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 which has a lifetime validity. Predominantly importers merchant 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.No export or import shall be made by any person without an Importer-Exporter Code (IEC) number unless specifically exempted. IEC is compulsory for imports. However, certain categories of importers are exempted from obtaining IEC.IEC code has lifetime validity.

Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have thiscode.The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad.

For exporters, IE Code must be quoted while sending shipments. and banks require the exporters IE Code while receiving money from abroad.

1. Expansion of Business

IEC assists you in taking your services or product to the global market and grow your businesses.

2. 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.

3. No Filling of returns

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

4. 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 a proof of any export or import for getting IEC code.

5. 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.

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 copy of current bank account.

4. Copy of Rent Agreement or Electricity Bill Copy of the premise.

5. Photo of Person in case of Proprietorship Firm