Import Export Code

 

Import Export Code

 

Import Export Code (also known as IEC code) is a 10 digit identification number that is issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is also known as Importer Exporter Code IEC (Import Export Code) license is one of such prerequisites when you’re thinking of importing 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 importers 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:  

1. International Exposure: IEC helps you to tap the international market to grow and diversify your business.

2. Government Benefits: Government of India always promote the export activity in India so through IEC Code Registration you can avail all the export scheme benefits from DGFT, Customs and Export Promotion Council.

3. No Renewals: IEC Code issued by the DGFT for the lifetime validity.

4. No annual compliances: There is no annual compliances for IEC holder for use of IEC like return fillings, etc.

 

Documents Required for Import Export Code (IEC) Registration

 

• IEC Code Registration required following things:

• Individual Person

• Personal or Company or Firm Pan Card Copy.

• Personal aadhar card or voter id or passport copy.

• Personal or company or firm current bank account cancel cheque copy.

• Electricity Bill Copy or Rent Agreement or Sale deed of the premise copy

 

Steps for IEC Registration:

·        Preliminary Requirements

1.     Provide basic details & documents required for Registration.

2.     Make Payment through Secured Payment Gateway

 

·        Registration

 

1.     Application for Import Export Code

 

·        Completion of IEC Registration

 

1.     Allotment of IEC.

 

*IEC will be allotted with 10-12 working days subject to the Government processing and approval.

 

 

 

Process of IEC Registration:

 

Day 1:

·        Provide basic details & documents required for registration.

Day 2:

·        Application for IEC registration.

 

Day 3-12:

·        Allotment of IEC*

 

* IEC will be allotted with 10-12 working days subject to the Government processing and approval.