Online IEC Registration in Faridabad - Documents, Fees, and Renewal

Updated on July 11, 2024 12:51:26 PM

An Importer Exporter Code or IEC code in Faridabad is a unique 10-digit code required for importing and exporting goods in India. An IEC code registration is mandatory while clearing customs or making foreign transactions. It is issued by the Directorate General of Foreign Trade(DGFT) to ease foreign trade in India.

When you are just starting an import-export business in Faridabad, you don’t want your goods to get stuck at ports by missing any important documentary or border compliance. An IEC code is one of the mandatory documents for doing any import-export-related activities. Read on to learn everything about import-export code registration.

IEC Certificate [Sample]

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What is an IEC Code?

Import Export Code or IEC is a unique 10-digit alphanumeric code which is mandatory for any type of commercial import and export activities. You cannot proceed with any foreign trade activities without IEC code registration.

Since the Implementation of GST, IEC being issued is the same as the PAN of the firm. Other Names of Import Export code include - IE Code, Importer Exporter Code, Import Export Number, IEC code, IEC license, Exim license, and IEC Certificate.

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Documents Required for Importer Exporter Code Registration

Following documents are required for IEC code registration in Faridabad :

  1. PAN card copy of the applicant entity.
  2. Address proof of the company( Electricity Bill)
  3. Lease/Rental Agreement if the office is rented.
  4. Canceled Cheque copy of company’s current bank account.
  5. Sale deed if the company is self-owned.
  6. Digital Photograph(3*3)
Documents Required For IEC code
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Situations where you need an IEC Code in Faridabad

  • When an importer 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.
  • 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.
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Starting your own Import-Export Business?

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
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Who can apply for an IEC Code in Faridabad?

Any Proprietorship firm, LLP, Company, Trust, HUF or Individual engaged in any of the following foreign trade activities is eligible for obtaining an IEC Code :

  1. Commercial Import and Export of goods across borders
  2. Availing benefits under Foreign Trade Policy.
  3. Shipment Clearance
  4. Custom Clearance
  5. Monetary Transaction in foreign currency
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How to apply for IEC Code in Faridabad

You can register for the Importer Exporter code offline as well as online. The online registration process is effortless, and you don’t need to go anywhere. The process is carried out in 5 steps :

Procedure for obtaining Import Export Licence

1. Register on the DGFT portal

The Directorate General of Foreign Trade(DGFT) is an online government portal where you can register for an import-export license. Your first step is to register on this portal.

2. 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.

3. 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.

4. 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 the correct information.

5. Approval and Issuance of IEC code

Your IEC code will be issued after the approval by DGFT. In the case of the online application, you will get an e-IEC. Once approved by the competent authority, you will be notified through email or SMS that your e-EIC is available on the DGFT website.

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Import Export Code Registration Fees.

IEC Registration in Faridabad Fees
Aayaat Niryaat Form 2A NIL
Filing at DGFT NIL
Government Fees 500
Professional Fees 999
Total Price : ₹1,499 only

Note: The aforementioned Fees is exclusive of GST.

Get Expert Consultation

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Benefits of Obtaining an IEC Code in Faridabad

While an IEC code allows you to operate an import-export business in Faridabad, It comes with some additional benefits. Let’s take a look at how obtaining an IEC code will help your import export business :

Legalize Overseas Trade - The IEC code facilitates overseas trade and legalizes your import and export business. It makes your trade across borders easy and legal.

Global Business Expansion - Import-export code allows your product to reach the global market, which results in huge business expansion.

No Compliances - Unlike other licences, Import Export License doesn’t require any compliances like annual filing or return filings.

Import/Export Subsidies - An exporter can claim a refund on taxes imposed while exporting goods. IEC holders also avail several benefits under the Foreign Trade Policy.

Easy Registration Process - You can get an import/export code registered by providing some basic documents like a PAN card, Address proof, Bank details, etc. You don’t need to stay in the queue as the entire registration process is online.

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IEC Validity and Renewal

The Validity of an IEC code is One year . Unlike other government licenses, The Import Export Code was valid for a lifetime. However, after the amendments in Foreign Trade Policy on 12th February 2021, the import-export code has now to be renewed every year.

This amendment made the update of Import Export Code details mandatory for every IEC and e-EIC holder. Even if there are no Renewal in IEC, the same has to be confirmed online on the DGFT portal. Failing to do so may result in the deactivation of your Import Export code.

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IEC Registration with Professional Utilities

It takes a lot of time and effort to understand the process and upload the right documents. There is a high chance of rejection of the application at each step of document uploading. There are different classes of Digital Signature certificates (DSC) that must be uploaded.

We at Professional Utilities understand completely. That’s why we come forward to help you avoid the hassle and get your Import Export Code registered at the minimum price guaranteed so that you can concentrate on running your business and leave the legal formalities to us.

You can apply for the IEC certificate in just three simple steps with us :

  • get in touch icon
  • documents required icon
  • get registered icon

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

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Why Professional Utilities?

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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Frequently Asked Questions

Can an individual get an IEC code?

Yes, Any individual proprietor who is willing to start international trade is eligible for obtaining the Import/Export Code.

How much time does it take to get IEC code online

At professional Utilities, It takes less than 3 days for the complete procedure of obtaining an IEC code.

How to renew IEC code?

You can update the Import Export Code by following these steps :

  1. Click on “Update IEC” on the DGFT Portal.
  2. Log in and link your existing IE code through Aadhaar Verification/ Digital Signature.
  3. Click on “Update/Modify IEC” on the DGFT Dashboard.
  4. Make the necessary changes while filling the details. In case there is no change, update the same on the portal.
  5. Your IEC code application will be submitted. You can download it from the DGFT website.
What is required for IEC code Registration?

Documents required for Import Export Code registration in Faridabad are as follows :

  • PAN card
  • Aadhaar Card
  • DSC( Digital Signature Certificate)
  • Bank account in the name of IEC holder

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