How to register for IEC code for Import and Export of goods & Services ? | Online Application | Registration | Process | Procedure | Fee
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Import Export Code Registration

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What is Import Export Code (IEC)?


about-iec

Import Export Code (IEC) is a 10-digit lifetime valid code issued by DGFT (Directorate General of Foreign Trade). This is a mandatory code for every commercial importer or exporter. Without this code, no business can be performed in the import-export category. Importer merchants cannot import goods without IEC and similarly exporter merchants cannot avail the benefits from DGFT for government schemes like export schemes without the IEC.

When is Import Export Code required?

  1. When an importer sends money to another country through banks, at that point it's required by the bank.
  2. When an importer needs to clear his shipments from the customs, at that point it's required by the customs authorities.
  3. When an exporter needs to send his shipments, then it's required by the customs port.
  4. When an exporter receives money in foreign currency into his bank account, then it's needed by the bank.

Procedure of Import Export Code Registration


Step 1: Application Form
First, the IEC application form is prepared in the specified format - Aayaat Niryaat Form no. 2A and is filed with the regional office of Directorate General of Foreign Trade (DGFT).

Step 2: Document Preparation
Now, all the required documents need to be prepared including your legal identity and address proof with bank details.

Step 3: Filing Application
After the application is completed, it will be filed with DGFT via Digital Signature Certificate (DSC) and the required fee is paid for the IEC registration.

Step 4: IEC Code
Finally, once the documents and application are verified and approved by the authorities, you will receive the IEC code in a soft copy from the government.

Documents required for Import Export Code (IEC) Registration


For IEC Code Registration, following documents are required:

  1. PAN Card of Individual or Firm or Company
  2. Copy of Individual’s Voter ID or Aadhar Card or Passport
  3. Copy of Cancelled Cheque of current bank account
  4. Copy of Address Proof (Electricity Bill or Rent Agreement)
  5. Incorporation Certificate or Partnership Deed

Import Export Code Registration Fees


IEC Registration Fees
Aayaat Niryaat Form no. 2A NIL
Filing at DGFT NIL
Professional Fees Rs. 999
Govt. Fees Rs. 500
Rs. 1,499 Only/-

Benefits of Import Export Code Registration


Business growth
  • A business has an option for online international marketplaces like Amazon.com, Alibaba etc.
  • IEC is mandatory to avail of growth opportunities via import/export.
Export subsidies
  • Indian government follows a policy of exporting the goods and not the taxes.
  • An exporter can get a refund of any taxes paid while exporting the goods.
  • Government even waives some import duties, if the importer promises to export the goods within a time frame.
Lifetime validity
  • As the name suggests, there is no need to renew this code again and again.
  • It will be valid till the entity for which it is issued exists. After the winding up of the company, this code expires.
No return filing
  • There is no compliance requirement for IEC
  • Including this, there is no need to file periodical returns.
Online procedure
  • The whole procedure can be carried out online and there is no need to go anywhere physically.
benefits-of-iec

When is IEC Code not mandatory?


  1. Import Export Code (IEC) is not required to be taken if the goods imported or exported is for personal purposes and not connected to any commercial purpose.
  2. Ministries or departments of central or state governments are not required to obtain Import Export Code.
  3. In case of services being offered or taken from India or any other country, IEC Code is not required.

Why Professional Utilities?


same-day-delivery-1

Same Day Delivery

We, guarantee to deliver your Import Export Code (IEC) in just same day all over India. Otherwise we will do 100 % refund. We are the only company promises and deliver the IEC that fast..

best-quality

Quality

More than 4 separate teams will work on your IEC application and documentations to deliver it on time with 100% quality. Our experience of delivering more than 5000 IEC certiifcate will be shown in our work.

plan

Choose Plan Based On Urgency

We can deliver your Import Export Certificate in same day, however you have options to choose the plan based on urgency, weather you want your certifcate in 1 hour or in 5 days.

Frequently Asked Questions (FAQs)


  What is IEC 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

 How to get IEC code registered?

You can get IEC code registered by using our expert services at Professional Utilities.

 How much does it cost to get IEC code registered?

We at Professional Utilities cost our clients Rs.3,499 to get a new IEC code and Rs.2,000 to make some amendments in the IEC code.

 What are the documents required to get IEC code registered?

A-the list below describes the total documents required to get IEC registration for an entity. For any other, the list is mentioned above.

• Copy of PAN card firm/company
• Copy of property papers (if owned property)
• Copy of rent agreement (if rented property)
• Landlord NOC (format will be provided by us)
• Cancelled cheque of firm
• Electricity/water bill (business place)
• Telephone bill in the same name
• Copy of tax returns (in case of proprietorship)
• Certificate of incorporation (in case of company)
• Bank statement of firm/Company
• AOA and MOA (In case of company)
• 1 letter head of company (in case of company)

 Can a person/entity have more than 1 IEC code?

No. Only 1 IEC is issued to a person/entity. So if more than 1 IEC code is issued, then the same should be surrendered to the Regional Office for cancellation

 What happens if IEC number is lost or misplaced?

In such a case, you need to provide an affidavit so that the issuing authority of the IEC code can issue a copy of your IEC number.

 Can I surrender my IEC number?

Yes you can. You need to inform the issuing the authority about such decision. And they shall immediately cancel your IEC number after electronically transmitting it to DGFT for onward transmission to the Customs and Regional Authorities.

 Who should get IEC number?

Any person/business trying to kick start his export/import business is required to get IEC number.

 Can individuals apply for IEC?

Yes. Individuals can apply for IEC, if they own a business in proprietorship or partnership

 How long does it take to get IEC code?

We take 4-5 working days to process the IEC code for you/your firm.

 Will the IEC code be sent via mail or online?

We will send you the mail of the IEC code, since the whole process is carried out online.

 Is the IEC code same as PAN number?

If your business is registered under GST, then the PAN number can be used as the IEC code. That is, there is no need to file it separately.

 Is there any tax levied on IEC code?

No, there is no tax levied on IEC code. However, custom duty may be imposed. It depends on the category of the products imported or exported. For more information, go on to the custom department’s website.

 What is the time taken to acquire Import Export Code?

After submitting all the requisite documents IEC is typically allotted by DGFT in 5-10 days. It is not necessary to show proof of any import or export to obtain IE Code. Now a days, as IEC can we partially applied online with the help of digital signature, IEC can be obtained in less than a week.

 Why should I choose Professional Utilities for IEC registration?

professionalutilities.com is one of the best online service portals to help companies register IE Code in India. We have 10 years of experience in application of IE Code. Professional Utilities is having its 30+ regional offices in India and expand its network in India with 2000+ customers for IE Code.

 How can an NRI apply for IEC?

Normal procedure is followed to obtain IEC code in case of NRIs. In some exceptional cases, the permission from RBI/FIPB is required.