IEC registration 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 IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad.
IEC helps you to tap the international market to grow and diversify your business.
Government of India always promote the export activity in India so through IEC Code Registration you can avail all the export scheme benefits from DGFT, Customs and Export Promotion Council.
IEC Code issued by the DGFT for the lifetime validity.
There is no annual compliances for IEC holder for use of IEC like return fillings, etc.
IEC Code Registration required following things
Individual Person
Personal or Company or Firm Pan Card Copy
Personal aadhar card or voter id or passport copy
Bank Certificate (In case of Sole-proprietorship)
Personal or company or firm current bank account cancel cheque copy
Electricity Bill Copy or Rent Agreement or Sale deed of the premise copy
Preliminary Requirements
Provide basic details & documents required for Registration
Make Payment through Secured Payment Gateway
Registration
Application for Import Export Code
Completion of IEC Registration
Allotment of IEC
*IEC will be allotted with 10-12 working days subject to the Government processing and approval
Provide basic details & documents required for registration.
Day 2:Application for IEC registration.
Day 3-4:Allotment of IEC*
*IEC will be allotted with 10-12 working days subject to the Government processing and approval.
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