Import Export Code or IEC is a 10-digit code that a business or an individual necessities to import/export goods/services. This code is given by DGFT (Director General of Foreign Trade), Ministry of Commerce and Industries, Government of India. The validity of this code is for a lifetime, that is, there is no compelling reason to restore it. This code is produced within 5-15 working days after the records are submitted and every one of the adjustments required is made. This code has numerous names, similar to merchant traded code, import-export code, import-export license, import-export number, IE code, IE license and so on You can give this code in either your name or under the organization's name. Once given, it is legitimate for all its divisions/units/plants/branches.
some of our
all you need to know
Worldwide Markets at Fingertips
Except if the element holds IEC, it isn't permitted to import or export goods/services into an unfamiliar market. It is a key to enter the global market and broadening the extent of the business. With IEC, one can take their items or administrations to the worldwide market and grow business effortlessly.
The total cycle of applying for importer exporter code is basic and bother free with the online Import-Export permit application. It only requires 3-4 working days for getting the importer-exporter code. The candidate can immediately download the e-IEC through the connection gave via the post office after transferring archives and installment of the charge.
When the import-export code is acquired, there are no adaptational formalities. In contrast to other tax enlistments, the IE code holder additionally doesn't have to follow any sort of yearly documenting or bring recording back. Additionally, the code is legitimate for a lifetime so there is no requirement for restoration.
The importers and exporters are qualified to profit from numerous Government plans. The substances are qualified for the plans under DGFT on their import/trade. They can benefit from the endowments from Customs and Export Promotion Council or comparative government associations.
A scanned copy of a PAN card of the applicant or the company
PAN card of Director or Partner
For a company/partnership, PAN card of the Director/Partner is a must
Sale Deed/ Rent Agreement/ Latest Electricity Bill/ Telephone Bill in name of the applicant
Certificate of Registration
Entity should provide the registration certificate with MoA- AoA / LLP Agreement, or a Partnership Deed as applicable
A cancelled cheque of current account bearing entity’s pre-printed name or Bank Certificate in form ANF-2A(i)
steps involved in
- Provide Required Documents
- Drafting and preparation of Application
- Documenting of online IEC Code registration application with DGFT
- Government handling time
Frequently Asked Questions
Any individual engaged with the import and fare of merchandise or administrations to direct business can make IE Code application. They can acquire the IE code by recording an online application went with the required reports. If the individual doesn't have a current record for the business, he/she may give dropped check of the bank account to document IE code application.
The IEC enlistment is needed under the accompanying conditions:
- It is a pre-imperative for any element intending to participate occupied with import and fare from India.
- if there should be an occurrence of administration or innovation, assuming the supplier is taking advantage of the Foreign Trade Policy, the IE code enlistment is obligatory for them.
No, w.e.f. 09.08.2018, DGFT has incorporated PAN web administration of CBDT with the worker; consequently, the PAN card isn't needed to be transferred. Be that as it may, to record an application, the duplicate of the PAN card is needed to be submitted to the group.
Indeed, the IEC data can be adjusted by giving every one of the fundamental records even after the code is given.
No, there is no consistency to be satisfied after the import-trade permit enrollment is acquired.
Import Export Code is designated with lifetime legitimacy and in this way, it doesn't need any restoration.
No, there is no punishment nonetheless, the import or fare is beyond the realm of imagination without IE code.
In such a case, you need to give a sworn statement with the goal that the responsible authority of the IEC code can give a duplicate of your IEC number.
We will send you the mail of the IEC code since the entire interaction is done on the web.
IEC is just a permit allowing the import and fare of products. Consequently, no return is needed to be recorded under the IEC code.
Indeed, the IEC data is utilized by the customs division to guarantee simple imports. Furthermore, the data is moved to them electronically upon the arrival of the issue of IEC.