Updated on May 06, 2023 06:52:35 PM
IEC Code registration in Delhi is required by a business for exporting or importing goods. It is a 10-digit unique code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods are required to obtain Import Export License in Delhi.
Read to know the benefits, requirements and how to get Import Export Code in Delhi.
There are various situations where you must have an updated IEC code. These are as follows.
IEC Certificate [Sample]
IEC code allows you to operate import export business in Delhi. 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 Delhi.
IEC code facilitates your overseas trade and legalizes your import and export business in Delhi. 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.
Following documents are required for IEC registration in Delhi:
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The step-by-step procedure of online IEC registration in Delhi are as follows:
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 was valid for the lifetime but now you need to Renewal 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
There is only one IEC code for both Import and Export. IEC code is issued against the PAN number. So you cannot have 2 IEC codes under the same Company name.
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.