An Import Export Code Registration (IEC) is a ten-digit unique identification number. It is mandatory for any organization that intends to do or does a business of import-export. The Import Export code is provided by the Director General of Foreign Trade (DGFT), Department of Commerce, and Government of India. It is applicable only when goods are imported or exported for business purposes. The provisions under the Foreign Trade (Regulation) Rules 1993, governs all functioning of import and export in India. Trade (Regulation) Rules 1993 contains all the eligibility conditions and legal provisions for the IEC Application. Also, DGFT has issued a circular for the new procedure of issuance of the importer-exporter code number. DGFT’s main objective is to promote and regulate exports from India. Its regional offices are spread across India for the convenience of obtaining an IEC code from the nearest zonal or regional office. For your business expansion plans involving going beyond county borders and import/export, our experts will guide you with all the required formalities.
The entire IEC registration can be done easily online without having to visit any offices for any of the procedures or documentation.
An IEC registration is a onetime process with no need to renew it as the validity of an import-export code exists until the entity exists.
An IEC code helps in business expansion and reaching out to a bigger market.
An IEC code registration means that you do not need to file any returns No procedures are involved to endure it Its validity continues once the code is allotted Further, with regards to import or export transport, no filing of returns with DGFT is required.
]IEC has huge benefits for exportation The input credit of taxes that you have paid can be claimed by you while exporting goods.
The main proof of a firm as an importer/exporter in India is the presence of the IEC code number Various benefits can be obtained on the imports/exports from DGFT, export promotion council, customs, etc by submitting the IEC code as a proof of importer/exporter to the government authorities.
Based on your requirements, you can choose any of our packages
We at MyEfilings will provide you the list of necessary documents for IEC registration Once you submit the documents to us, our experts will verify the documents and revert to you
After complying with all the requirements, we will draft and file your application online on the DGFT portal
For the IEC Registration, we will pay the required government fees and inform you about the status of the same
Once your application gets approved, the authorities will send you the IEC Certificate on your registered email-id You can then start your import/export business
Yes, individuals who are proprietors of any business can also obtain an IEC code in their name You don’t have to incorporate a business entity to obtain an IEC code.
No, you do not need a digital signature for an IEC.
No, DGFT issues only one IEC In case more than one IEC is allotted, the same has to be surrendered to the regional office for cancellation.
An NRI must follow the usual application procedure However, RBI’s/FIPB’s permission is required in some cases
Yes, the customs department needs an IEC code to import or export goods at the border.
