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IEC Code (Import & Export ) (F)

I & E Code

In the era of Globalization, now the customer market has been shifted from local territory/Country to worldwide market. Where the trader/Service provider has been given equal opportunity to expand its market worldwide. Now, the government is focusing to make India an Export Oriented Country instead of an Import Oriented approach. The Government of India is giving many incentives, subsidies, tax rebates to exporters so that they can compete with foreign competitors especially China.

Now, the Government of India has made the process of issuance of the Import Export Code license easy, in comparison to earlier process. Now, if you have all documents ready, then get your Import Export License the same day.

 

 

Required at Custom Port, at the time of Import ExportIEC is required at the customs port when we have to make foreign commercial shipment or has to take clearance of import Shipment.

Required by Banks, when receive foreign currency after a specified limit /PurposeImport Export Code is required by banks, when we receive any advance or dues against any commercial activities.

No need for Annual Renewal: In Import Export Code registration, there is no requirement of the annual renewal of License.

No Annual CompliancesAs on date, there are no annual compliances (Returns Filings) after issuance of Import Export Code

  1. We can’t come to the injury and poor quality product.
  2. Obtaining a license and documents for import is troublesome.
  3. Importing from abroad can destroy the Domestic business.
  4. Importing reduces the economic process of the country.
  5. You may import the product while not quality.
  1. IEC can be obtained from any of the Zonal and Regional offices of Director General of Foreign Trade depending on area/region where the individual/company is located. An application has to be submitted online at DGFT web site http://dgft.gov.in duly filled in along with required documents and fees.
  2. First of all we have to prepare an application form in the prescribed format i.e. Aayaat Niryaat form 2A format and filed with the proper DGFT Regional office.
  3. In the second step we have to prepare the necessary documents related to the applicant identity & address proof and legal entity proof with the bank details & certificate in respect of ANF2A.
  4. In the third step once application has been completed, we file with the DGFT through DSC of the applicant and pay the appropriate fee or cost of the IEC Registration.
  5. Once application has been approved then you will get the IEC Code in the soft copy from the government department.
  1. IEC Code Registration required following things:
  2. Individual Person
  3. Personal or Company or Firm Pan Card Copy.
  4. Personal aadhar card or voter id or passport copy
  5. Personal or company or firm current bank account cancel cheque copy.
  6. Electricity Bill Copy or Rent Agreement or Sale deed of the premise copy
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All about Import export code

I & E Code

IEC(Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has a lifetime validity. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.

    1. When an importer has to clear his shipments from the customs then it’s needed by the customs authorities.
    2. When an importer sends money abroad through banks then it’s needed by the bank.
    3. When an exporter has to send his shipments then its needed by the customs port.
    4. When an exporter receives money in foreign currency directly into his bank account then its required by the bank.

Basic

INR 1,500/-

One Time Fee

  • GST Registration
  • MSME Registration
  • Bank A/c.

Service Provide Within 7 Days

Standard

INR 11,999/-

One Time Fee

  • GST Registration
  • Shop & Establishment Registration
  • MSME Registration
  • Trade Mark Registration
  • Logo Design
  • Opening Bank A/c.

Service Provide Within 15 Days

Premium

INR 11,999/-

Yearly Fee

  • Yearly GST Compliances
  • Income Tax Return

Services Provided Before the Due Date

Frequently Asked Questions

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