What is Import Export Code ?
Import Export code is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods require registering Import Export Code. IE 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 this code.
The IEC Code must be quoted by importers while clearing customs. Also, banks require the importers Import Export Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IEC Code while receiving money from abroad. Import Export Code Registration can be done through REGISTRATION ARENA in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.
IEC(Import Export Code) is known as many names such as importer exporter code, import export code, import export license, import export number, IEC code, IEC license, IE license etc. In simple terms, Import Export Code NO. is a 10 digit code which is provided by DGFT required for import export transactions. You can take IE code in your personal name or company name.
An IEC number issued to applicant shall be valid for all its divisions/ units/ factories/ branches. IEC is valid for lifetime and there is no need to renew the same.
Features of Import Export Code
•All importers who import goods are required to register IEC code
and all exporters need this code to obtain the benefits of exports.
•Import Export Code holder does not require filing of any returns.
•Import Export Code is issued for lifetime and therefore no renewal is required.
•Even individuals who are proprietors can obtain the code
in their name. Setting up a business for the same is not required.
PROCEDURE FOR GETTING IMPORT EXPORT CODE
Documents Required For Import Export Code
The exact documents required vary slightly based on whether your business is a proprietorship, partnership, LLP or company. Here’s the list of documents required for each one.
PAN card copy; ID proof (passport / voter id / driving license / aadhar card); Address proof (sale deed for self-owned; or rental / lease agreement + electricity bill or telephone bill); Bank certificate (see below) or cancelled cheque with printed name of applicant and bank a/c number.
Photograph (3×3) of managing partner; PAN card copy of partnership firm; ID proof (passport / voter id / driving license / aadhar card / PAN of managing partner whose signature is on application); Address proof (sale deed for self-owned; or rental / lease agreement + electricity bill or telephone bill); Bank certificate (see below) or cancelled cheque with printed name of applicant firm and bank a/c number.
LLP AND COMPANY (BOTH PUBLIC AND PVT LTD)
Photograph (3×3) of partner or director who is signing the IEC application form; PAN card copy of applicant LLP or company; ID proof (passport / voter id / driving license / aadhar card / PAN of partner or director whose signature is on application); Certificate of incorporation; Address proof (sale deed for self-owned; or rental / lease agreement + electricity bill or telephone bill); Bank certificate (see below) or cancelled cheque with printed name of applicant firm and bank a/c number.
- IEC Code
- IEC Code
- GST Registration
- IEC Code
- GST Registration
- IEC Code
- ROC Annual Filing
- IEC Code
- Company Annual Compliance
- Turnover upto 10 Lakhs
(government fees will be on actual)
No, tax is not levied on Import Export Code. However, custom duty maybe levied. Custom duty depends to the category of the products imported or exported. This can be found at the custom departments’ website.
You will not need an IEC code under the following cases :
•Person exporting or importing goods for personal use and not for activities related to business.
•Persons exporting or importing goods to/from Nepal or Myanmar through Indo-Myanmar border areas, a value of which does not exceed Rs.25,000/- in a single assignment.
•Ministries or departments of central government do not require obtaining IEC.
Registration Arena provides IEC application services across India in all cities. We have done IEC registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.
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On Time Delivery
Just tell us a few details about your brand and we’ll process your application. In three working days, you’ll be ready to use the symbol alongside your brand name.
We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
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Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we’ll try to ensure that your doubts are cleared before they even arise.