Import Export Code (IEC) Registration Certificate in Assam
IEC stands for IEC Registration is important for companies that are involved in import or export goods in Assam. The IEC is a ten-digit unique code required for customs clearance, export benefits, and the maintenance of import-export records issued by the Directorate General of Foreign Trade (DGFT). The Import Export Code Registration in Assam process consists of an online application, document submission, and fee payment.
When you initially set up an import-export firm in Assam, you don't want your goods to get held at ports due to a lack of necessary documentation or border compliance. An IEC code is one of the required documentation for any import-export activity.
To get the Import Export Code in Assam, apply to the Directorate General of Foreign Trade with the necessary documentation. Following the application, the DGFT will issue the entity's IE Code within 15-20 business days. Once you have an IE Code, it is valid for a lifetime and does not require renewal. The IEC Registration in Assam is valid till the date that the business exists.
IEC Certificate [Sample]
Table of Content
- Process for IEC Code Registration
- Documents Required for IEC Code Registration
- Import Export Registration Fees
- What is Import Export Code Registration?
- Benefits of IEC Code Registration
- IEC Code Validity and Renewal
- Situations Where IEC Code is Required
- IEC Registration with Professional Utilities
- Conclusion
- FAQ - Frequently Asked Question
Process for IEC Code Registration in Assam
IEC code registration in Assam follows an easy online procedure when you follow these steps.
- Register on DGFT portal - Directorate General of foreign Trade(DGFT) is an online government portal where you can register for the import export license in Assam. Your first step is to register on this portal.
- Documentation - The second step is the application phase where all your documents are arranged and prepared for application. Refer to the documents required for better understanding.
- Application for Import Export Code - An importer/exporter is required to file an online application in ANF 2A(i) and submit the required documents for verification. You also need to pay the government fees to complete the application process.
- Verification by DGFT - Once your application is submitted, it is sent to DGFT for verification. In case there is wrong or incomplete information, Your license will be canceled. So, make sure you provide correct information.
- Approval and Issuance of IEC code - Your IEC code will be issued after the approval by DGFT. In case of online application you will get e-IEC. Once approved by competent authority, you will be notified through email or SMS that your e-EIC is available on the DGFT website.
Documents Required for IEC Code Registration in Assam
The following documents are required for IEC code registration in Assam.
- PAN Card of the Business Entity
- Address Proof (Electricity Bill, Rent Agreement, or Lease Deed)
- Business Registration Certificate (Company Registration, Partnership Deed, LLP Agreement, or relevant certification)
- Bank Account Details (Cancelled Cheque or Banker’s Certificate)
- Identity Proof of Authorized Person (Aadhaar Card, Voter ID, Passport, or Driving License)
- Passport Size Photograph of the Authorized Person
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Import Export Code Registration Fee in Assam
IEC registration fees in Assam cover basic government charges and service costs for a smooth application process.
| IEC Registration | Fees |
|---|---|
| Government Fees | ₹500 |
| Professional Fees | ₹999 |
| Total | ₹1,499 only |
Note: The aforementioned Fees is exclusive of GST.
What is Import Export Code Registration ?
IEC Registration in Assam is an imperative procedure that needs to be followed by an individual or enterprise willing to engage in a cross-border trade activity. IEC is a 10-digit unique code issued by the Directorate General of Foreign Trade (DGFT) that permits the import or export of goods and services to and from India.
In other words, for companies operating in Assam, an IEC is mandatory for customs clearance, receiving foreign payments, exporting services, and accessing benefits under the Foreign Trade Policy. Once the IEC is generated, traders will also be able to register their AD Code on the ICEGATE portal to activate port-based export and import operations.
Benefits of IEC Code Registration in Assam
IEC code allows you to operate import export business in Assam. Apart from that, It comes with some additional benefits. Let’s take a look on how obtaining an IEC code will help your import export business in Assam.
- Overseas Trading: Import Export Code provides you the facility to expand your business over foreign countries. The basic and most important thing you would need while trading overseas is the Importer Exporter Code. IEC opens your road to expansion and growth on foreign lands.
- Legalise Business Overseas: The code provides you the license to export your goods and services to any other country and to import the essentials of your business to your own country. It makes your trade across borders easy and legal.
- Online Service: Now obtaining IEC can be done at the ease of sitting home. If you provide accurate and complete documents, then you can receive it at your home. No need to visit government offices.
- Export/Import Subsidies: The government offers benefits such as export subsidies and excise tax concessions for imports. If the import is completed within the specified time period, certain tax reliefs may apply. For exports, subsidies are available on export taxes. These benefits are only available to those enrolled with the IEC.
- Necessity at Customs: The importer's IEC Code must be declared to Customs, and the Bill of Lading must reflect this. All bills of lading for cargo destined for or trans-shipped through Indian ports must include the Indian consignee's IEC Code.
- Facilitates Electronic Fund Transfer (EFT): EFT (Electronic Fund Transfer) is a service that allows exporters to submit their license fee via the Internet instead of visiting a bank. This aims to make electronic payments more convenient. Only electronically filed applications are accepted.
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IEC Code Validity and Renewal in Assam
The validity of an Importer Exporter Code is now 1 year as per the new amendments of Foreign trade policy. Earlier, The IEC code renewal was valid for the lifetime but now you need to update IEC details every year to avoid the deactivation of your Import export code.
Situations Where IEC Code is Required in Assam
However, it is generally recommended that any person or business that engages in the export or import of goods must obtain an ICE license. Thus, IEC registration is useful in a variety of situations. They are:
- When an importer in Assam has to clear his shipments from the customs then an Import Export code is required by the customs authorities.
- The IEC code is required by the banks when the money is sent abroad through banks by the importer in Assam.
- The Import Export license is required by the customs port when the shipment has to be sent by the exporter.
- The IEC code is required by the banks when the money is received in foreign currency directly into the exporter’s bank account.
IEC Registration with Professional Utilities
Understanding the process and uploading necessary documentation requires time and effort. There is a high chance of application rejection during document upload. Various types of Digital Signature Certificates (DSC) must be uploaded.
Professional Utilities understands entirely. We offer hassle-free registration of your Import Export Code at a guaranteed minimum price, allowing you to focus on running your business while we handle the legal paperwork.
Apply for the IEC certificate in three simple steps with us.
Step 1: Fill the Form
Get in touch via call or contact form
Step 2: Submit Documents
Provide necessary
documents
Step 3: Get your IEC code
Get your IEC
registered in 2 working days
Conclusion
To summarize, the Import and Export Code (IEC) is critical for organizations involved in international trade. This will provide you access to global marketplaces and facilitate cross-border transactions. Registering with the IEC allows businesses to simply manage customs procedures, expand their reach, and capitalize on global opportunities. This period is critical for encouraging growth, ensuring compliance, and laying a solid basis in the dynamic world of international trade.
Frequently Asked Questions
How to obtain an Import Export Code in Assam?
An application and the required documents need to be filed to the Directorate General of Foreign Trade in Goa to acquire the Import Export Code. On submission of the application, the IE Code will be issued by the DGFT within 15 to 20 working days to the entity.
How to get Import Export Code in Assam?
You can get Import Export Code by following these steps
- Registering your company on DGFT portal
- Fill the ANF (2A) form and submit the required documents.
- Your IE code will be issued after the approval by DGFT.
Can I import without IEC code?
No, You can not do any import/export without IEC code. Your goods will not be allowed to pass the ports without an IEC code. However if you are importing or exporting goods for personal use then it is not mandatory.
How do I become a registered exporter in Assam?
To become a registered exporter, you need to get an IEC registration. Once you obtain the I importer Exporter code, you are allowed to export goods from India. The code is also valid for importing goods in India.
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