Import Export Code
Import Export Code or IEC is a 10-digit code that a business or a person needs to import/export goods/services. This code is issued by DGFT (Director General of Foreign trade), Ministry of Commerce and Industries, Government of India. The validity of this code is for lifetime, that is, there is no need to renew it. This code is generated within 5-15 working days after the documents are submitted and all the corrections required are made.
This code has many names, like importer exported code, import export code, import export license, import export number, IE code, IE license etc. You can issue this code in either your name or under company’s name. Once issued, it is valid for all its division/units/factories/branches.
What Is Included In Our Package?
Drafting Documents
Application Filing
Application Processing
Completion of registration
Documents required for IEC Code
Different documents are required by different entities to get IEC code and these are given below.
| Sole Proprietorship | Partnership Firm | LLP | Trust | HUF |
|---|---|---|---|---|
| Digital photograph (3*3) | Digital photograph (3*3) of the managing partner | Digital photograph (3*3) of the designated partner/director of the company signing the application | Digital photograph (3*3) of the secretary/chief executive/signatory applicant | Digital photograph (3*3) of the Karta |
| Copy of pan card of the proprietor | Copy of partnership deed | Applicant’s copy of pan card | Registration certificate of society/copy of the trust deed | Copy of pan of Karta |
| Copy of passport/voter id/driving license/UID | Copy of passport/voter id UID/driving license/PAN of the managing partner signing the application | Copy of passport/voter id UID/driving license/PAN of the managing partner/director signing the application | Copy of passport/voter id UID/driving license/PAN of the managing trustee/chief executive signing the application | Copy of passport/voter id UID/driving license/PAN of Karta |
| If the business is self-owned, then sale-deed | Sale-deed, in the case of self-owned business | Sale-deed, in the case of self-owned business | Sale-deed, in the case of self-owned business | Sale-deed, in the case of self-owned business |
| If the business is rented, then rental/lease agreement | If the business is rented, then rental/lease agreement | If the business is rented, then rental/lease agreement | If the business is rented, then rental/lease agreement | If the business is rented, then rental/lease agreement |
| - | Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no. | Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no. | Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no. | Bank certificate as per ANF 2A/ Cancelled cheque bearing blueprinted name of the applicant entity and A/c no. |
When is IEC code required?
- It is needed by the custom authorities to clear the shipments in the case of any imports.
- Also, it is needed by the bank to transfer the amount in the case of any imports made.
- Vis-à-vis if an exporter needs to send the shipments, then it is required.
- Or, if the exporter is supposed to receive money in foreign currency and it is transferred directly into his bank account.
Procedure For IEC Registration
Complete a simple Form
You are required to fill our simple online IEC code application form and email documents.- Start
IEC Application Creation
We draft your application for IEC code and file it with the DGFT office on your behalf.- 2 Working Days
IEC fee payment
We pay the IEC government free and followup with the department for your license.- 10 Working Days
IEC License sent by email
Once your IEC CODE registration is completed we will send the IEC license to you by email.- 2 Working Days
Steps for getting the IEC license
Step 1 (Application Preparation)
In order to get code an application must be made in the Aayaat Niryaat Form 2A format to the DGFT in that region where the registered office of the company is established. Government has also arranged online filing facility for obtaining IEC CODE ONLINE.
Step 2 (Application Processing)
Details of the business and its proprietors, directors or partners, bank account details and a bank certificate are the basic requirements of ANF 2A. All the required documents for IEC need to be submitted with ANF 2A. Digital signature is required on the ANF2A form.
Step 3 (IEC fee payment)
Once the application if complete, it should be filed with DGFT and an application fee need to be paid to the government. IEC department may send back your application for correction / change. You need to reply back to the DGFT in 15 days.
Step 4 (IE Code Issuance)
Once the application is completely verified by the department, the Directorate General of Foreign Trade will allot an IE Code for your business. This IE code comes in both soft copy and hard copy. You receive the softcopy via email and can start the import export transaction with this.
Benefits of IEC Code
Business growth
- A business have an option for online international marketplaces like Amazon.com, Alibaba etc.
- IEC is mandatory to avail of growth opportunities via import/export.
Export subsidies
- Indian government follows a policy of exporting the goods and not the taxes.
- An exporter can get a refund of any taxes paid while exporting the goods.
- Government even waives some import duties, if the importer promises to export the goods within a time frame.
Lifetime validity
- As the name suggests, there is no need to renew this code again and again.
- It will be valid till the entity for which it is issued exists. After the winding up of the company, this code expires.
No return filing
- There is no compliance requirement for IEC
- Including this, there is no need to file periodical returns.
- It is just like a PAN card.
Online procedure
- The whole procedure can be carried out online and there is no need to go anywhere physically.
- There is no more inspector raj.
- It is very cheap to register your code now @Rs.3,499 only from our website.
Features of Import Export Code
Business growth
Taking your services or products to the international market will enlarge your businesses. IEC enable you to sell products outside India.
Export Subsidies
On the basis of IEC, companies or firms can benefits and subsidies their exports/ imports from DGFT, Customs and export promotion council.
Lifetime validity
Once you are done with IE Code Registration and submit all the required documents, IE Code is issued for the lifetime of the entity and requires no renewal.
No Return Filing
IE Code does not require filing of any return. Once, an IE Code is issued there are no further procedures required to maintain validity of the IE Code.
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Frequently Asked Questions
Import Export Code or IEC is a 10-digit code that a business or a person needs to import/export goods/services. This code is issued by DGFT (Director General of Foreign trade), Ministry of Commerce and Industries, Government of India. The validity of this code is for lifetime, that is, there is no need to renew it. This code is generated within 5-15 working days after the documents are submitted and all the corrections required are made
You can get IEC code registered by using our expert services at Maheswari Consultancy.
We at Maheswari Consultancy cost our clients Rs.3,499 to get a new IEC code and Rs.2,000 to make some amendments in the IEC code.
Step 1: Preparing application
In order to get code an application must be made in the Aayaat Niryaat Form 2A format to the DGFT in that region where the registered office of the company is established. Government has also arranged online filing facility for obtaining IEC CODE ONLINE.Step 2: Processing of application Details of the business and its proprietors, directors or partners, bank account details and a bank certificate are the basic requirements of ANF 2A. All the required documents for IEC need to be submitted with ANF 2A. Digital signature is required on the ANF2A form.
Step 3: Payment of fee
Once the application is complete, it should be filed with DGFT and an application fee needs to be paid to the government. IEC department may send back your application for correction/change. You need to reply back to the DGFT in 15 days.
Step 4: IE code assurance
Once the application is completely verified by the department, the Directorate General of Foreign Trade will allot an IE Code for your business. This IE code comes in both soft copy and hard copy. You receive the softcopy via email and can start the import export transaction with this.
A-the list below describes the total documents required to get IEC registration for an entity. For any other, the list is mentioned above.
- Copy of PAN card firm/company
- Copy of property papers (if owned property)
- Copy of rent agreement (if rented property)
- Landlord NOC (format will be provided by us)
- Cancelled cheque of firm
- Electricity/water bill (business place)
- Telephone bill in the same name
- Copy of tax returns (in case of proprietorship)
- Certificate of incorporation (in case of company)
- Bank statement of firm/Company
- AOA and MOA (In case of company)
- 1 letter head of company (in case of company)
No. Only 1 IEC is issued to a person/entity. So if more than 1 IEC code is issued, then the same should be surrendered to the Regional Office for cancellation
In such a case, you need to provide an affidavit so that the issuing authority of the IEC code can issue a copy of your IEC number.
Yes you can. You need to inform the issuing the authority about such decision. And they shall immediately cancel your IEC number after electronically transmitting it to DGFT for onward transmission to the Customs and Regional Authorities.
Any person/business trying to kick start his export/import business is required to get IEC number.
Yes. Individuals can apply for IEC, if they own a business in proprietorship or partnership
We take 4-5 working days to process the IEC code for you/your firm.
We will send you the mail of the IEC code, since the whole process is carried out online.
If your business is registered under GST, then the PAN number can be used as the IEC code. That is, there is no need to file it separately.
No, there is no tax levied on IEC code. However, custom duty may be imposed. It depends on the category of the products imported or exported. For more information, go on to the custom department’s website.
After submitting all the requisite documents IEC is typically allotted by DGFT in 5-10 days. It is not necessary to show proof of any import or export to obtain IE Code. Now a days, as IEC can we partially applied online with the help of digital signature, IEC can be obtained in less than a week.
If you have taken IEC Certificate in new process e-IEC online, then you can download your certificate any time by login into the IEC portal with your username details. But if you had taken your IEC in physical process, you have to re-apply for e-IEC with all the documents and DGFT will provide you certificate in new online format.
If you or a company wants to modify any details in IEC license, then you can do it online in your IEC application. IEC modification required resubmitting the application with the DGFT once again with all the required documents. Also, IEC modification fee needs to be submitted with the department.
IEC is only a license permitting the import and export of goods. Therefore, no return is required to be filed under IEC code.
You will not need an IEC code under the following cases
- Person exporting or importing goods for personal use and not for activities related to business.
- Persons exporting or importing goods to/from Nepal or Myanmar through Indo-Myanmar border areas, a value of which does not exceed Rs.25,000/- in a single assignment.
- Ministries or departments of central government do not require obtaining IEC.
Maheswari Consultancy provides IEC application services across India in all cities. We have done IEC registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.
Maheswari Consultancy.com is one of the best online service portals to help companies register IE Code in India. We have 10 years of experience in application of IE Code. Maheswari Consultancy is having its 30+ regional offices in India and expand its network in India with 2000+ customers for IE Code.
Yes, the IEC information is used by the custom department to ensure easy imports. And the information is transferred to them electronically on the day of the issue of IEC.
Normal procedure is followed to obtain IEC code in case of NRIs. In some exceptional cases, the permission from RBI/FIPB is required.
Board resolution, Memorandum of Association, copy of passport, including all the documents required by an Indian citizen/company/proprietorship firm.
Neither. It is actually delivered via speed post. In the case of deficiency letters, it is delivered at the IEC counter along with Application form/Documents to the authorized person/Applicant.
No, IEC is not item based. It is issued once to the user once only and there is no need to issue it for every item. The same can be used to export/import different items.
There is no need to update the IEC, if there is PAN incorporated in it. But the same should be updated for changes in name/address/constitution.
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