Updated on April 29, 2023 03:26:35 PM
Import Export Code in Rajasthan is a unique ten-digit alphanumeric code that is mandatory for any type of commercial import and export in India. You cannot proceed with any foreign trade activities in Rajasthan without IEC code registration.IEC is issued by the Directorate General of Foreign Trade (DGFT) to facilitate foreign trade in India.
Any importer/Exporter in Rajasthan who fails to show the IEC code, Their goods will not be allowed to pass the ports and also result in incurring demurrage charges. In the worst case, their goods will be destroyed.
However, If an individual is importing or exporting goods for personal use and is not involved in any commercial trade are exempted from having an Import Export code as per the foreign trade policy.
IEC Certificate [Sample]
While an IEC code allows you to operate import-export business in Rajasthan, It comes with some additional benefits. Let’s take a look at how obtaining an IEC code will help your import export business :
The IEC code facilitates your overseas trade and legalizes your import and export business. 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.
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 NowAny Proprietorship firm, LLP, Company, Trust, LUF or Individual engaged in any of the following foreign trade activities is eligible for obtaining an IEC Code :
Following documents are required for IEC registration in Rajasthan:
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 :
Directorate General of foreign Trade(DGFT) is an online government portal where you can register for the import export license in Rajasthan. 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 |
Unlike other government licenses, The Import Export Code was not required to be renewed and was valid for a lifetime. However, after the amendments in the Import Export code related provisions under chapter 1 and Chapter 2 of Foreign Trade Policy on 12th February 2021, the IEC 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.
One year. Earlier, the Import-Export code came with lifetime validity, but according to the new norms of Foreign Trade, Now It is mandatory for every IEC code holder to update their IEC every year during the April- June period.
Even if there are no changes, the same has to be confirmed online, or else your IEC code will be deactivated.
No, there is no need to file a return for the IEC code. You need it while importing/Exporting goods. There are no after-registration compliances attached with IE code registration.
IEC is not a tax registration. However, certain customs duties may be levied depending on the type of product to be imported or exported.
IEC code is not required in the following cases
At professional utilities, we take 5-15 working days for the whole process.
IEC is not a tax registration. However, certain customs duties may be levied depending on the type of product to be imported or exported.