Overview

An import export code is a unique 10-digit code that is required for every import/export business owner in India. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require their IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.

Import Export (IE) Code India is a registration of an import and export companies with Indian Custom department that import and export commodities from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IE Code application must be made to the Directorate General of Foreign Trade along with the necessary supporting documents. Once, the application is submitted, DGFT will issue the IE Code for the entity in 15 - 20 working days or less.

Online Registration for Import Export (IEC) Code

Benefits of Import Export Code

Here are the main benefits of Import Export Code:

• The IEC registration helps traders open the doors to venture into the global market, including registration in online e-commerce operators
• Businesses can avail government schemes like the Merchandise Export from India Scheme (MEIS), the Service Export from India Scheme (SEIS), and others from customs and export promotion
• No compliance requirements pos registration and hence maintaining the business is relatively simple
• The process of obtaining IEC is not tedious and can be obtained with minimal, basic documents

Checklist for getting a IE Code

Below are few points checklist points:

• IE Code registration is permanent registration which is valid for a lifetime. Hence, there will be no hassles for updating, filing and renewal of IE Code registration.
• As IE code registration is one-time and requires no additional compliance.
• It is recommended for all companies and LLPs to obtain IE code after incorporation.
• Any type of business registration: sole proprietorship, partnership, private limited companies, charitable organizations dealing with import and exports of goods can register for import-export code.
• An IEC is not required for import/export of goods for personal use, which are not connected with trade, manufacture, or agriculture.

Documents Required For obtaining Import Export Code

Listed below are the documents and details required to get an Import Export Code.

• PAN card of the company (not applicable in case of the proprietor)
• Applicant's PAN and Aadhaar card (driving license/Aadhaar/voter ID)
• Incorporation certificate/partnership deed
• Address proof (electricity bill/rent agreement/sale deed of the office location)
• Copy of cancelled cheque leaf/banker certificate of the current account in the name of the company

How to Get your IEC Code

Para 2.08 of the Handbook of Procedure contains provisions relating to the application for IE Code. Vide public notice no. 27/2015-2020 dated 8th August 2018, the said para under-went an amended and the provisions of the amended para as applicable with regard to the application for IEC is provided hereunder:

• Step 1: Exporters/importers shall file an online application in form ANF 2A.
• Step 2: The applicant is required to submit documents, including bank details and DSC.
• Step 3: Once the documents and application are verified by the authorities, the import export code will be granted as a soft copy to the entity.

Exemption of IEC

• Persons undertaking import and export of goods for personal reasons and not connected to trade, agriculture and manufacture
• Through Indo-Myanmar border areas and China (via NamgayaShipkila, Gunji, and Nathula ports), the parties/individuals who import/export goods to/from Nepal and Myanmar with single consignment must not exceed the value of ₹25,000
• As listed in appendix - 3, schedule 2 of ITC, exemption from obtaining IEC shall not be applicable for export of materials, organisms, special chemicals, equipments & technologies (SCOMET)
• Ministries/departments of central and state governments

Following permanent IEC numbers shall be used by non-commercial PSUs and categories of importers/exporters mentioned against them for import/export purposes:

FAQs on Import/Export (IEC) Code

Why choose Filemydoc.com for Import-Export Code

Here is why you should choose Filemydoc.com for your Import-Export Code:

• Our experts will guide you throughout the process, from filling up the checklist to processing the documents
• We'll keep you informed about the status of your application
• Our experts will complete the import export code registration process smoothly and at the best rates
• The entire procedure with us takes approximately 3 days
• We will assist you in obtaining your import export license online

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