Updated on October 19, 2024 12:37:28 PM
IEC stands for Import Export Code and 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]
A person must register with the IEC before exporting or importing products. It is a 10-digit code issued by the Directorate General of Foreign Trade. All enterprises that import and export products are required to register an Import Export Code. IE code has a lifetime validity. Importers are not permitted to proceed without this code, and exporters cannot benefit from exports from the DGFT, customs, or the Export Promotion Council until they have this code.
Importers must quote the IE Code while clearing customs. Additionally, banks demand the importer's IE Code when sending money abroad. Exporters must quote the IE code while sending shipments. When receiving money from abroad, banks require the exporter's IE Code.
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.
Before beginning the import-export registration procedure in Assam, it is critical to understand the documentation required to obtain an Import Export Code license online in India. businesses that receive an IEC include sole proprietorships, partnerships, LLPs, private and public limited corporations, trusts, HUFs, and societies.
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.
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:
Register your import and export business with Professional Utilities to get your IEC Certificate . You get the free consultations and quick service at lowest Price with us.
Apply for IEC code Now
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 |
| Government Fees | ₹500 |
| Professional Fees | ₹999 |
| Total – ₹1,499 only | |
Note: The aforementioned Fees is exclusive of GST.
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.
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:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your IEC registered in 2 working days
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.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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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.
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.
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