Import Export Code Registration

Import Export Code Registration

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Import Export Code Registration
Import Export Code Registration

Ideal for businesses planning to trade in and out of India.

Import Export Code Registration

All businesses which are engaged in Import and Export of goods require Import Export Code Registration. IEC is 10 digit code with a permanent validity. IEC is issued by the Directorate General of Foreign Trade (DGFT), DGFT, customs, Export Promotion Council, if they don’t have this code.

ADVANTAGE

  1. IEC code holder does not require filing of any returns.
  1. IEC Code is issued for lifetime and requires no renewal
  1. Even individuals who are proprietors can obtain the code in their name.It is not necessary to setup a business for the same.
  1. There is no compliance requirement for IEC.
  1. There is no need to file any periodical returns etc.
  1. There is no annual maintenance fees for IEC as there is no legal compliance.

DOCUMENTS IN RESPECT OF INDIVIDUAL/ PROPRIETOR/ PARTNER/ DIRECTOR

Copy of PAN Card
Passport size photograph
Copy of Aadhaar Card/ Voter identity card
Authorization letter (In case of Partnership)
Authority from other Directors on letter head (In case of company)
Copy of Partnership deed (In case of Partnership)
Board Resolution/self declaration (In case of Company)
Telephone Bill in the name of the Individual (In case of individual)
Cancelled cheque of individual

DOCUMENTS IN RESPECT OF ENTITY

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 name of the business
Copy of Service Tax returns (In case of Proprietorship)
Certificate of incorporation (In case of company)

FAQ

Who requires an Importer Exporter Code ?

Any bona fide person/ company starting a venture for International trade of Export and Import. If any foreign transfer on account of business, IEC number is mandatory.

Can Export /Import be made without Importer Exporter Code ?

No. IEC forms a primary document for recognition by Govt. of India as Exporter / Importer. However, if value of goods is very law, the concerned customs officer may permit first export (only one time) by imposing penal charges.

What are the benefits of Importer exporter code ?

Import Export Code number is the primary proof of a firm as an Exporter/Importer in India. IEC number can be submitted with government authorities as a proof of exporter/importer to obtain various benefits on their exports / imports from DGFT, customs, Export Promotion Council etc.

I need to import goods for personal purpose , not related to trade,agriculture or manufacture. Should I need to obtain Import Export Code number?

No, import of personal purpose not related to trade,agriculture or manufacture is exempted to obtain Import Export Code number.

What is the time taken to acquire Import Export Code?

After submitting all the requisite documents it will be allotted by DGFT in 10-15 days.

Are any monthly returns required to be filed under Import Export Code?

It is only a license permitting the import and export of goods. Therefore, no return is required to be filed under IEC code.

 To get Import Export Code Registration click here

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