Online Importer Exporter CodeIEC Registration in Assam

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.

1. Overseas Business Expansion

• Import export code allows your product to reach the global market which results in huge business expansion.
• Obtaining an IEC Opens your door to the online international marketplace like Alibaba and Amazon.

2. Legalize foreign trade

IEC code facilitates your overseas trade and legalizes your import and export business in Assam. It makes your trade across borders easy and legal.

3. Import/Export Subsidies in Assam

• An exporter in Assam can claim a refund on taxes imposed while exporting goods.
• If you promise to import goods within a specific time, The government even waives some import duties as well.

4. Easy Registration process

• You can get an import/export code registered by providing some basic documents like PAN card, Address proof, Bank details etc.
• There is no need to fulfill any compliances like annual filings or return fillings. It is a hassle free process.
• The entire registration process is online. There is no need to go anywhere to obtain an IEC.

5. Facilitates Electronic Fund Transfers (EFTs)

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.

• 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.

How to get Import Export Code in Assam?

You can get Import Export Code by following these steps

1. Registering your company on DGFT portal
2. Fill the ANF (2A) form and submit the required documents.
3. 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.

Can I use my PAN as IEC?

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.

Is the GST number mandatory for IEC code?

There is no need to incorporate GST details in the IEC code registration.

Who gives IEC code?

DGFT(Directorate General of Foreign Trade) issues and updates the Import Export code.