Updated on April 28, 2023 01:03:44 PM
IEC code registration in Assam is required by a business for exporting or importing goods. It is a 10-digit alphanumeric code which is issued by the Directorate General of Foreign Trade (DGFT). Every business in Assam involved in Importing and Exporting of goods are required to obtain Import Export License.Read to know the benefits, requirements and how to get Import Export Code in Assam.
IEC Certificate [Sample]
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.
IEC code facilitates your overseas trade and legalizes your import and export business in Assam. It makes your trade across borders easy and legal.
EFT is a new service offered to exporters that allows them to pay the license fee online via the internet rather than visiting a bank to make the payment.
There are various instances where you must have an updated IEC code. These are as follows.
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Following documents are required for IEC registration in Assam:
The step-by-step procedure of online IEC registration in Assam are as follows:
You can register for the Importer Exporter code offline as well as online. Online registration process is effortless and you don’t need to go anywhere. The process is carried out in 5 steps. These are -
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.
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.
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.
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.
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.
Import Export License registration fees include the government fees and professional fees. It also includes the ANF 2A form and filling at DGFT. The fees break up are as follows
|IEC Registration Fees(₹)|
|Aayaat Niryaat Form 2A||NIL|
|Filing at DGFT||NIL|
|Total – ₹1,499 only|
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.
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You can get Import Export Code by following these steps
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.
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.
The IEC issued by DGFT is the same as the PAN of the firm. However, Import export Code will still be issued by DGFT based on the application.
There is no need to incorporate GST details in the IEC code registration.
DGFT(Directorate General of Foreign Trade) issues and updates the Import Export code.