Updated on August 12, 2024 03:24:38 PM
Import Export Code(IEC) in Madhya Pradesh is a unique 10 digit code which is required for any type of commercial import or export business. You cannot proceed with any foreign trade activities without IEC code registration. IEC is issued by the Directorate General of Foreign Trade (DGFT) to facilitate the foreign trade in India.
Any importer/Exporter who fails to show the IEC code, Their goods will not be allowed to pass the ports and also result in incurring demurrage charges. The goods without an IEC code may also be destroyed in the worst case.
However, If an individual is importing or exporting goods for personal use and are not involved in any commercial trade are exempted from having an Import Export code as per the foreign trade policy.
Read on to learn more about the benefits, fees and how to get Import Export Code in Madhya Pradesh.
IEC Certificate [Sample]
IEC code allows you to operate import export business in Madhya Pradesh. In addition, it offers several other advantages. Let's look at how getting an IEC code will benefit your Madhya Pradesh Import/Export firm.
IEC code facilitates your overseas trade and legalizes your import and export business in Madhya Pradesh. 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 Madhya Pradesh:
There are various instances where you must have an updated IEC code. These are as follows.
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
The step-by-step procedure of online IEC registration in Madhya Pradesh are as follows:
Directorate General of foreign Trade(DGFT) is an online government portal where you can register for the import export license in Madhya Pradesh. 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.
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 was valid for the lifetime but now you need to renewal IEC details every year to avoid the deactivation of your Import export code.
Any Proprietorship firm, LLP, Company, Trust, LUF or Individual engaged in any of the following foreign trade activities is eligible for obtaining an IEC Code :
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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There is no need to incorporate GST details in the IEC code registration.
Yes, Any individual proprietor in Madhya Pradesh who is willing to start international trade is eligible for obtaining the Import/Export Code.
You can get Import Export Code by following these steps
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