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Import Export Code

Expand your business globally with quick and easy Import Export Code registration

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Import Export Code (IE Code) is a mandatory registration issued to businesses and persons dealing in import and export of commodities and services in India. The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India issues IE Code for entities.

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Import Export Code (IEC)

Import Export Code (IE Code) is a mandatory registration issued to businesses and persons dealing in import and export of commodities and services in India. The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India issues IE Code for entities.

An IEC is a 10-digit code allotted to a person that is mandatory for undertaking any export/ import activities issued by DGFT.

In India, Import Export Code (IEC) is one of the most important requirement for both import & export business. It is also called the Importer-Exporter Code. No export or import shall be made by any person without obtaining an IEC. Now-a-days IEC is PAN based (XXXXX1234X)

When is IEC required?

  • When the Importer has to clear the goods from the Customs Authority, IEC is required
  • When the importer sends money outside India, IEC is required by the Bank
  • When the Exporter has to send goods outside India, IEC is needed by the Customs Port
  • When the Exporter receives money in foreign currency, IEC is required by the Bank

    • When to update your IEC ?

    ​DGFT has mandated all IEC holders to update their IEC every year between April to June.

    Benefits of IEC

  • ​Expand your business – You can expand your business by purchasing and selling products and services in the global market.
  • Government Incentives – You can receive several benefits from DGFT, as Government of India always promotes and supports Exporters
  • Easy Processing – You can obtain the IEC code within 5 to 15 days. Moreover there is no obligation to import or Export after obtaining the IEC
  • No Reporting – There is no requirement of any return filing

    • When to update your IEC ?

  • ​Customs Clearances
    • Indian Customs needs importers and exporters to quote IE code while doing customs clearance. The IE Code must be quoted while sending export shipments.
  • Banking Purpose
    • Banks are required to mention IE Code while receiving and sending money abroad.
  • ​Pan India Validity
    • Once IE Code has been issued it needs to be mentioned for all imports and exports and on all your business’ branches, franchises or factories.
  • No Filing Needed
    • Import Export Code does not oblige you to pay taxes; it’s just a licence to import and export commodities and services. So, IE Code holders should file or pay taxes for transactions using the code.

    Registration Procedure

  • Acquire a Digital Signature Certificate

  • Send us Your Document Copies
    • Scanned copies of address and identity proofs; rent agreements, TAN, PAN, MOA, bank statement/cancelled cheque and other documents need to be provided to us.
  • Preparation of the Application Form
    • Our team will prepare your IE code application meeting all requirements.
  • Submission to Directorate General of Foreign Trade (DGFT)
    • The duly filled IEC application form will be submitted at DGFT for processing and allotment.
  • Allotment
    • Once an application is submitted the IEC allotment will be done within a day.

    Documents Required

    Listed below are the documents required for the registration process.
  • Pan card copy of all directors/partners/proprietor
  • Company Pan card copy of private limited / LLP / partnership firm
  • Rental agreement and electricity bill
  • Address proof copy of all directors/partners/proprietor
  • Certificate of incorporation of private limited / LLP
  • Bank statement or cancelled cheque

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    FAQ

    What is Import Export Code (IEC)?

    Import Export Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. It is mandatory for businesses involved in import and export activities.

    Who needs an IEC?

  • Individuals: Any person or entity, such as proprietors, partnerships, LLPs, private/public limited companies, and trusts involved in international trade (imports or exports) must obtain an IEC.
  • Businesses: Companies or businesses engaged in exporting or importing goods, services, or technology need an IEC.

    • What are the benefits of having an IEC?

    • Enables a business to legally participate in foreign trade.
    • Required for customs clearance, payment of export/import duties, and other trade-related transactions.
    • Helps avoid penalties for non-compliance with export-import regulations.
    • Necessary for opening a foreign bank account for trade purposes.

    Who is exempt from obtaining an IEC?

    • Importers/Exporters engaged in only trading goods within India do not need an IEC.
    • Certain specific organizations like the Ministry of External Affairs, diplomatic missions, etc., may be exempted.

    What is the process for IEC registration?

    The process for IEC registration involves:

    • Online Application: Submit the application through the Directorate General of Foreign Trade (DGFT) portal.
    • Verification: Submit necessary documents and undergo verification.
    • Approval: After verification, the IEC is issued in digital format, valid for the lifetime of the business.

    What documents are required for IEC registration?

    Typically, the following documents are required:

    • Identity Proof: PAN Card of the applicant or business entity.
    • Business Proof: Proof of business address like utility bills, rent agreements, or sale deeds.
    • Bank Details: Copy of the business bank account.
    • Other Documents: Certificate of Incorporation, Partnership Deed, or MSME/Udyam Registration if applicable.

    How long does it take to get an IEC?

    The IEC registration process usually takes 5 to 10 business days once all required documents are submitted and verified.

    Is IEC registration mandatory for all export and import activities?

    Yes, IEC registration is mandatory for all import-export activities, whether dealing with goods, services, or technology.

    How much does IEC registration cost?

    There is no fee for obtaining an IEC. However, additional charges may apply for legal, consultancy, or professional services.

    Can IEC be used for multiple businesses?

    No, IEC is specific to the business or entity for which it is issued. Separate IECs are required for different businesses or individuals involved in trade.

    How can an existing IEC be modified?

    An existing IEC can be modified by submitting a request for amendments through the DGFT portal, along with the necessary supporting documents. Common modifications include changes in business address, addition of business partners, or changes in bank details.

    Is IEC mandatory for Export or Import of all goods?

    IEC is mandatory for all goods, except those falling under the negative list (restricted/prohibited goods) defined by the Directorate General of Foreign Trade (DGFT). Certain goods might require additional licenses or permits.

    What happens if an IEC is not renewed?

    IEC does not require renewal; it is valid for the lifetime of the business. However, it must be updated in case of changes in business details like name, address, or bank details.

    Can an IEC be used for e-commerce exports?

    Yes, IEC is required for e-commerce exports where goods are sold internationally through online platforms like Amazon, eBay, Flipkart, etc.

    Is IEC required for export of services?

    Yes, IEC is required for the export of services as well as goods. The services could include IT, consultancy, engineering, and various other professional services.

    Can IEC be cancelled or surrendered?

    Yes, if a business ceases to operate or no longer engages in international trade, it can apply for IEC cancellation or surrender through the DGFT portal.

    What are the consequences of non-compliance with IEC?

    Failure to obtain an IEC or non-compliance with export-import regulations can result in penalties, fines, or suspension of trade activities.

    Can an individual register for IEC independently?

    Yes, individuals or business entities can apply for IEC independently through the DGFT portal or seek professional help for the process.

    Is it necessary to link IEC with other government portals?

    Yes, IEC is linked to various other portals such as the GST portal, Customs, and other government services related to import and export. Linking IEC to these portals simplifies trade processes.

    Can IEC be used for overseas business expansion?

    Yes, IEC is essential for overseas business expansion, as it is required for international trade transactions, customs clearance, and other trade-related activities.

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