Import Export Code Registration
Import Export Code Registration
Import Export Code or IEC is a 10-digit code that a business or a person needs to import/export goods/services. This code is issued by DGFT (Director General of Foreign trade), Ministry of Commerce and Industries, Government of India. The validity of this code is for lifetime, that is, there is no need to renew it. This code is generated within 5-15 working days after the documents are submitted and all the corrections required are made.
This code has many names, like importer exported code, import export code, import export license, import export number, IE code, IE license etc. You can issue this code in either your name or under company’s name. Once issued, it is valid for all its division/units/factories/branches.
What Is Included In Our Package?
Completion of registration
Features of Import Export Code
Taking your services or products to the international market will enlarge your businesses. IEC enable you to sell products outside India.
On the basis of IEC, companies or firms can benefits and subsidies their exports/ imports from DGFT, Customs and export promotion council.
Once you are done with IE Code Registration and submit all the required documents, IE Code is issued for the lifetime of the entity and requires no renewal.
No Return Filing
IE Code does not require filing of any return. Once, an IE Code is issued there are no further procedures required to maintain validity of the IE Code.
Individuals can have IE Code
Even individuals who are proprietors of a business can obtain IE Code in their name. It is not necessary to incorporate a business entity for obtaining IE Code.
Documents required for Import Export Code registration
Different documents are required by different entities to get IEC code and these are given below.
|Sole Proprietorship||Partnership Firm||LLP||Trust||HUF|
|Digital photograph (3*3)||Digital photograph (3*3) of the managing partner||Digital photograph (3*3) of the designated partner/director of the company signing the application||Digital photograph (3*3) of the secretary/chief executive/signatory applicant||Digital photograph (3*3) of the Karta|
|Copy of pan card of the proprietor||Copy of partnership deed||Applicant’s copy of pan card||Registration certificate of society/copy of the trust deed||Copy of pan of Karta|
|Copy of passport/voter id/driving license/UID||Copy of passport/voter id UID/driving license/PAN of the managing partner signing the application||Copy of passport/voter id UID/driving license/PAN of the managing partner/director signing the application||Copy of passport/voter id UID/driving license/PAN of the managing trustee/chief executive signing the application||Copy of passport/voter id UID/driving license/PAN of Karta|
|If the business is self-owned, then sale-deed||Sale-deed, in the case of self-owned business||Sale-deed, in the case of self-owned business||Sale-deed, in the case of self-owned business||Sale-deed, in the case of self-owned business|
|If the business is rented, then rental/lease agreement||If the business is rented, then rental/lease agreement||If the business is rented, then rental/lease agreement||If the business is rented, then rental/lease agreement||If the business is rented, then rental/lease agreement|
|Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no.||Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no.||Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no.|
When is IEC code required?
- It is needed by the custom authorities to clear the shipments in the case of any imports.
- Also, it is needed by the bank to transfer the amount in the case of any imports made.
- Vis-à-vis if an exporter needs to send the shipments, then it is required.
- Or, if the exporter is supposed to receive money in foreign currency and it is transferred directly into his bank account.
Steps to Apply Import Export Code
One can file the FSSAI application directly with the government. The process is long and requires 60 days to get completed :
Step 1 : Application Preparation
In order to get code an application must be made in the Aayaat Niryaat Form 2A format to the DGFT in that region where the registered office of the company is established. Government has also arranged online filing facility for obtaining IEC CODE ONLINE.
Step 2: Application Processing
Details of the business and its proprietors, directors or partners, bank account details and a bank certificate are the basic requirements of ANF 2A. All the required documents for IEC need to be submitted with ANF 2A. Digital signature is required on the ANF2A form.
Step 3 : IEC fee payment
Once the application if complete, it should be filed with DGFT and an application fee need to be paid to the government. IEC department may send back your application for correction / change. You need to reply back to the DGFT in 15 days.
Step 4 : IE Code Issuance
Once the application is completely verified by the department, the Directorate General of Foreign Trade will allot an IE Code for your business. This IE code comes in both soft copy and hard copy. You receive the softcopy via email and can start the import export transaction with this.