Import Export Code

Get IEC enlisted. Online IEC Registration in India is necessary in the event that you wish to export or import. Costs beginning at INR 2499/ – as it were.

Import Export Code Registration – All you need to know

All organizations which are occupied with Import and Export of products necessarily require IEC Certificate.

Import Export Code (in short IEC Code) is a ten-digit number with lasting legitimacy conceded by the Directorate General of Foreign Trade under the Ministry of Commerce and Industry, to any bonafide individual/organization for doing import/send out. Merchants are not permitted to continue without this code and exporters can’t take advantage of fares from DGFT, Customs, Export Promotion Council, in the event that they don’t have this code.

When will there be a prerequisite for IE code?
In the following cases the IE Code would be required:
  • At the point when a merchant needs to clear his shipments from the traditions at that point it’s required by the traditions specialists.
  • At the point when a shipper sends cash to another country through banks at that point it’s required by the bank.
  • At the point when an exporter needs to send his shipments at that point it’s required by the traditions port.
  • At the point when an exporter gets cash in unfamiliar money straightforwardly into his financial balance then accommodation of IEC is needed by the bank.
  • One shouldn’t be an enrolled substance to apply for import send out code; you can apply even as a person. IEC Certificate is otherwise called Export License, Import License, IE Code, IEC code, EXIM License. All have a similar significance.

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    Period of License (Validity) / Renewal / Modification / Cancellation

    Import Export Code issued by the DGFT have unlimited validity and also no need to file any kind of monthly returns like GST Return Filing or Income Tax Return Filing against the IE Code Registration. Every IEC holder mandatory update the major changes in business in IEC Database at DGFT like changes in PAN, Communication address, authorized signatory etc. Now the modification of IEC procedure is simplified. An existing Import Export Code can cancel by giving a Letter of Cancellation with  authorization at DGFT. 

    Documents required for IEC Registration

    • ​PAN of the applicant
    • Address proof of the applicant
    • Cancelled cheque bearing entity’s pre- printed name or Bank Certificate ​

    Address Proof  : Sale Deed, Rent Agreement, Lease Deed, Electricity Bill, Telephone Land line bill, MoU, Partnership deed​
    Individual : Aadhar Card, Passport and Voter id also accepted

     

    In case the cope with proof isn’t in the title of the applicant firm, a Non Objection Certificate (NOC) by means of the firm premises proprietor in favour of the company at the side of the deal with proof is to submitted as a single PDF report.