IEC Code (Import & Export)
I & E Code
In the era of Globalization, goods and services are being shifted from local territory/Country to worldwide market to seeking new customers. This is an opportunity for traders/Manufacturers and service provider to expand their market and supplies of goods and services in the worldwide market. Now, the government is developing India so the image of India will consider India an Export Oriented Country instead of an Import Oriented approach, in this context government of India is providing many Duty drawbacks, incentives, subsidies, tax rebates to exporters/ Merchant exporter so that they can compete with foreign market competitors especially China & US.
Now, Import & Export Volume is being increased day by day to ease this process IEC Import and Export license issued by the Government of India Now, in current situation IEC code, if you have all documents available ready, you will get your Import Export License the same day.
Following are the benefit of the IEC Code.
Need at Custom Port, at the time of Import Export: While shipment is being clearance IEC is required at the customs port.
Required by Banks: After shipment is done and when receiving foreign currency bank required IEC with other relevant documents related to shipments then issue a bank realization certificate.
No need for Annual Renewal: In the IEC code, there is no Annual renewal of Import Export Code registration; but if any changes in company record related to address, proprietor/director-related changes need to incorporate the same.
No Annual Compliances: There is no Annual return filing of the IEC code.
The applicant has to fill an online application at the DGFT website for obtaining the IEC along with required documents and fees.
Following documents are required for IEC.
1. Copy of Pan Card of Entity In case of company or LLP.
2. Copy of PAN Card of individual/director/Partner.
3. Copy of Aadhar Card of individual/director/Partner.
4. Copy of Bank statement/ or cancel the cheque.
5. Copy of Rent agreement/ Electricity bill.
Book Now
All about Import export code
I & E Code
In the era of Globalization, goods and services are being shifted from local territory/Country to worldwide market to seeking new customers. This is an opportunity for traders/Manufacturers and service provider to expand their market and supplies of goods and services in the worldwide market. Now, the government is developing India so the image of India will consider India an Export Oriented Country instead of an Import Oriented approach, in this context government of India is providing many Duty drawbacks, incentives, subsidies, tax rebates to exporters/ Merchant exporter so that they can compete with foreign market competitors especially China & US.
Now, Import & Export Volume is being increased day by day to ease this process IEC Import and Export license issued by the Government of India Now, in current situation IEC code, if you have all documents available ready, you will get your Import Export License the same day.
Following are the benefit of the IEC Code.
Need at Custom Port, at the time of Import Export: While shipment is being clearance IEC is required at the customs port.
Required by Banks: After shipment is done and when receiving foreign currency bank required IEC with other relevant documents related to shipments then issue a bank realization certificate.
No need for Annual Renewal: In the IEC code, there is no Annual renewal of Import Export Code registration; but if any changes in company record related to address, proprietor/director-related changes need to incorporate the same.
No Annual Compliances: There is no Annual return filing of the IEC code.
The applicant has to fill an online application at the DGFT website for obtaining the IEC along with required documents and fees.
Following documents are required for IEC.
- Copy of Pan Card of Entity In case of company or LLP.
2. Copy of PAN Card of individual/director/Partner.
3. Copy of Aadhar Card of individual/director/Partner.
4. Copy of Bank statement/ or cancel the cheque.
5. Copy of Rent agreement/ Electricity bill.
Basic
INR 4,999/-
One Time Fee
- IEC Code Registration
- GST Registration
- MSME Registration
- Bank A/c.
Service Provide Within 7 Days
Buy Now
Standard
INR 12,999/-
One Time Fee
- IEC Code Registration
- GST Registration
- Shop & Establishment Registration
- MSME Registration
- Trade Mark Registration
- Logo Design
- Opening Bank A/c.
Service Provide Within 15 Days
Buy Now
Premium
INR 12,999/-
Yearly Fee
- IEC Code Registration
- Yearly GST Compliances
- Income Tax Return
- Assisting in Import & Export through Custom house Agent (CHA)
Services Provided Before the Due Date
Buy Now
Frequently Asked Questions
IEC stands for Import Export Code. IEC registration is mandatory those intend to do import & exporting activity.
In the era of Globalization, goods and services are being shifted from local territory/Country to worldwide market to seeking new customers. This is an opportunity for traders/Manufacturers and service provider to expand their market and supplies of goods and services in the worldwide market.
The persons are doing the activity for import and export, they have to register in IEC.
Normally, It takes 2-3 working days from the submission of application with all documents to get a valid IEC code from authority.
The Directorate General of Foreign Trade (DGFT) is under the Ministry of Commerce, Government of India is the only authority to issue an e-IEC in electronic form.
Following documents are required for IEC.
1. Copy of Pan Card of Entity In case of company or LLP.
2. Copy of PAN Card of individual/director/Partner.
3. Copy of Aadhar Card of individual/director/Partner.
4. Copy of Bank statement/ or cancel the cheque.
5. Copy of Rent agreement/ Electricity bill.
An IEC allotted to an applicant shall have permanent validity
Yes, a PAN card is a compulsory requirement for the registration IEC code. PAN card of the individual (for proprietorship) and PAN card of the firm is required.
Authority will issue only One IEC against a single PAN (i.e. One PAN = One IEC).