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Import Export Code Registration
The IEC registration is mandatory for businesses or individuals engaged in import and export activities. We offer hassle free IEC Registration Service.
What is IEC Code Registration?
The Import-Export Code (IEC) is a unique 10-digit alphanumeric identification number mandated by Section 7 of the Foreign Trade (1992 Act) in India. . It is essential for anyone looking to start an import-export business in India, as it helps the government monitor and prevent illegal trade activities. . The IEC code application process has been simplified and can now be completed online on the Directorate General of Foreign Trade (DGFT) portal.
What is IEC (Import Export Code)
The Importer Exporter Code (IEC) is a unique identification number for businesses involved in international trade, issued by the Director General of Foreign Trade (DGFT). . It is mandatory for businesses or individuals engaged in import and export activities and serves as a key business identification number. . The IEC is a 10-digit code with lifetime validity. However updating is require every year before 30th May. If there will beno updation in IEC code then your IEC Code certificate will get deactivated.
The purpose of the IEC is to maintain a track of and record of all a company’s operations that engage in international business. . It is essential for availing export incentives, benefits, and subsidies offered by various government schemes, as well as for smooth international trade transactions. . Importers cannot import goods, and exporters cannot benefit from export schemes without an IEC.
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If you need legal advice or representation for your business, we are here to help. Contact us today to schedule a consultation with one of our experienced attorneys.
How much time it will take to issue IEC Code?
IEC Code registration Process is 100% Online. After Submission of Documents and payment, Department will take maximum time of 1 working day to issue IEC Code Registration Certificate.
Documents Required for IEC Code
Documents in Case of Sole Proprietorship Firm
Documents in Case of Sole Proprietorship Firm
Documents in Case of Sole Proprietorship Firm
1)Pan card of Proprietor
2)Aadhar card of Proprietor
3)Photograph of Proprietor
4)Cancel Cheque or Bank statement of Proprietor or Firm
5)Proof of Business Address: Recent Month Electricity bill/ Rent Agreement/
Property Tax Receipt/ Sales Deed/ Lease Deed
For Partnership / LLP / Company
Documents in Case of Sole Proprietorship Firm
Documents in Case of Sole Proprietorship Firm
1)Company Documents – Certificate of incorporation, MOA , AOA , PAN Card
2)Directors Detail – PAN Card , Adhaar card, photograph
3)Cancel Cheque or Bank statement of company
4)Proof of Business Address: Recent Month Electricity bill/ Rent Agreement/
Property Tax Receipt/ Sales Deed/ Lease Deed
Validity of IEC Code
The IEC code registration is permanent and valid for a lifetime. It is valid until the business exists or the registration is revoked or surrendered. . Unlike tax registrations like GST registration or PF registration, the importer or exporter does not require to file any filings or follow any other compliance.
Frequently Asked Questions
Any person/company dealing in international trade of export and import of goods and Services need to register for IE code.
No. IEC is a mandatory document for recognition by Govt. of India as Exporter / Importer of goods and services. However, if the value of goods is too low, the customs authorities may permit first export by imposing nominal charges which is highly unlikely to happen.
Anyone who is acting as sole proprietor of a business can obtain IE code Registration.
As trade is not possible without a valid IEC, the penalty levied may be the pay duty depending upon the quantum of the goods.
Yes. In order to make changes, you need to raise a request with the DGFT and produce the relevant documents to make the modifications. Some government fee may be charged for the same
IE code can be cancelled by initiating a formal request to the DGFT online. On receipt of such intimation, the authorities will cancel it electronically.
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