IEC Code License Fees in India - Government & Professional Fees
IEC Code License Fees in India are designed and governed in a way that the registration under IEC by the DGFT is hassle-free, transparent, and easily accessible. The entire process for application is online, and there are no recurring charges except if modifications are made in the application. Nevertheless, to keep the code active, exporters and importers must have annual confirmation of their IEC details. If not done, it will result in deactivation and hinder their import-export activities.
Professional Utilities ensures ease in the IEC registration journey through expert guidance and transparency in pricing without any hidden charges, besides providing end-to-end compliance support. From document verification and application filing to follow-ups with DGFT, we are there to ensure seamless and hassle-free issuance of the IEC Certificate so that a business may confidently concentrate on its core operations with full compliance.
Import Export License Documents
The following documents are required for Import Export license registration:
- PAN Card of the Business Entity
- Address Proof (Electricity Bill, Rent Agreement, or Lease Deed)
- Business Registration Certificate (Company Registration, Partnership Deed, LLP Agreement, or relevant certification)
- Bank Account Details (Cancelled Cheque or Banker’s Certificate)
- Identity Proof of Authorized Person (Aadhaar Card, Voter ID, Passport, or Driving License)
- Passport Size Photograph of the Authorized Person
What is the Cost of IEC License?
Government Fee: According to the DGFT's latest notification, The government fee for an IEC code application is ₹500 , which needs to be paid by the applicant entity at the time of application. The payment can be done online via Credit/Debit Cards, UPI or Net banking.
Professional Fees: The professional fees for the Import export code is ₹999 only at Professional Utilities. Professional Fees include:
- Filing Aayaat Niryaat Form(AN-2A).
- Arranging the required documents.
- Filing at DGFT.
- Follow up with DGFT for regular updates.
- Issuance of the DGFT IEC code.
Market Price: Most of the Import export code agents charge a professional fee of around ₹2000 to ₹3500 on average for IEC code registration, which makes the total cost go upto ₹4000. It is advised to find a suitable service provider by comparing the prices before applying for an importer exporter license.
Total Cost: The total cost of getting an Import Export Code is ₹1499. This means you don't need to pay any extra amount other than that mentioned above. Many online portals and offline agents charge an incredibly high amount in the name of hidden charges and other additional costs. But there are no hidden charges other than government fees and professional fees.
What is the IEC Code License ?
The Import Export Code (IEC) License is a mandatory 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce, Government of India. Any business or individual looking to engage in cross-border trade of goods or services from India must obtain this license.
The IEC serves as an official authorization for importers and exporters. It is required at multiple stages of international trade - including customs clearance, foreign currency transactions, and to avail government export incentives such as RoDTEP, SEIS, and MEIS. The code is linked to the applicant’s Permanent Account Number (PAN) and can be applied for entirely through an online process.
Previously valid for a lifetime, the IEC Code License must now be renewed or confirmed annually to comply with the latest DGFT regulations. Without this license, no entity in India is legally permitted to conduct import-export activities.
Is DSC Required to Apply for IEC Code Registration?
As per the latest Notification of DGFT, an applicant entity can access the DGFT portal by Aadhaar Authentication; hence, DSC is no longer necessary for accessing the portal. The government has taken a significant move to simplify the IEC Code procedure.
Import Export Code (IEC) License Renewal
The IEC (Import Export Code) certificate, which was previously valid for a lifetime, must now be updated every year in accordance with the revised Foreign Trade Policy effective from February 12, 2021. Applicants are required to complete the renewal process annually before the expiry of the certificate. While there is an IEC renewal fee involved, it is essential to complete the update on time to avoid deactivation or penalties.
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
Get IEC Certificate With Professional Utilities
The complications in understanding the process and uploading appropriate documents are very hectic. It takes a lot of time and effort. There is a high chance of rejection at each step of document uploading.
We at Professional Utilities understand that 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 registration with us in just three simple steps.
Step 1:
Get in touch via call
Step 2:
Submit documents
Step 3:
Your Import export code will be delivered to you.
FAQ’s On Import Export Code Registration
What is required for IEC code Registration?
Documents required for Import Export Code registration in Belagavi are as follows :
- PAN card
- Aadhaar Card
- DSC( Digital Signature Certificate)
- Bank account in the name of IEC holder
Who issues the 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?
At professional Utilities, It takes less than 3 days for the complete procedure of obtaining an IEC code.
How do I become a registered exporter?
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.
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