Import Export Code Registration in Indore - Documents, Fees, and Process

Updated on March 07, 2024 09:21:09 AM

The first step of starting an international trade business is obtaining an Import-Export code. This code legalizes your import-export business and comes with several other benefits that we will discuss later.

However, running an import-export business without an IEC code is illegal and you will face a lot of hurdles while clearing your goods from the ports and also, while making transactions in foreign currency.

In this article, you will learn everything about IEC code registration, documents required and the entire process of obtaining an IEC code in Indore.

IEC Certificate [Sample]

IEC certificate sample
table content image

What is an IEC Code?

IEC code is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) to ease the foreign trade in India.

Import Export Code registration in Indore is mandatory for every import-export business. You are not allowed to import or export goods in Indore without IEC code registration.

Documents required for Importer Exporter Code Registration

Following documents are required for IEC code registration in Indore :

  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
pu seperater

Benefits of of obtaining an Import Export Code

While an IEC code allows you to operate an import-export business in Indore, 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 your 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.
  • Obtaining an IEC Code Opens your door to the online international marketplace like Alibaba and Amazon.

Import/Export Subsidies

  • An exporter 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.

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.
  • 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.

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.

pu seperater

Situations where you need an IEC code in Indore

  • 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.

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
grow with pu image

How to apply for IEC Code in Indore

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.

pu seperater

IEC code Registration Fees for Indore

IEC Registration in Indore 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.

Get Expert Consultation

pu seperater

Import Export Code Validity and Renewal

The Validity of an IEC code is 1 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 renewal of Import Export Code details mandatory for every IEC and e-EIC holder. Even if there are no updates 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.

iec validity and renewal
pu seperater

IEC Registration with Professional Utilities

The complications in understanding the process and providing appropriate documents are very much hectic. There is a high chance of rejection of the application at each step of document uploading. There are different standards 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 IEC registration 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

pu seperater
why choose image

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.

best price in market

Best Price
Guarantee

Easy Registration

Easy Registration
Process

All Corporate Services

One Stop Corporate Solution

PAN India Services

PAN India
Services

Expert CA/CS Assistance

Free Expert
Assistance

Google Verified Bussiness

Google Verified
Business

Dedicated Support staff

Dedicated Support
Staff

Money-Back Guarantee

Money-Back
Guarantee

Trusted By

clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
Lappy Maker
pu seperater

Frequently Asked Questions

Who gives IEC code?

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

How much time does it take to get IEC code online?

It takes 5 to 15 days for the complete procedure of obtaining an IEC code.

How to apply for an IEC Code online?

You can apply for Import Export Code by following these steps :

  • Register your company on DGFT portal.
  • Fill the ANF (2A) form and submit the required documents.
  • Your IE code will be issued after the approval by DGFT.
What is required for IEC code Registration?

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

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

Speak Directly to our Expert Today

Reliable

Reliable

Affordable

Affordable

Assurity

Assured

Other Import Export Services

Import Export Code Renewal Apeda Registration AD code Registration Tea Board Registration
Coffee Board Registration Merchandise exports from India Spice Board Registration MSDS(Material Safety Data Registration)
SAFTA License SAPTA License APTA Certificate Registration Capexil Certificate
IIP UN Mark Certificate ICPTA Certificate Registration IJCEPA Certificate Registration UAE CEPA Certificate Registration
ISCECA Certificate MSDS (SDS) Certificate For importers EPCH Membership Registration MPEDA Registration Online
SEPC Registration FIEO Registration Coconut Board Registration CLE Council of Leather Export
Rubber Board Registration Texprocil Registration Chemexcil Registration Carpet Export Promotion Council
Cashew Export Promotion Council Plastic Export Promotion Council Handloom Export Promotion Council Silk Export Promotion Council
Apparel Export Promotion Council
Whats_app.svg
Call_icon.svg