Import Export Code Registration
An import export code is a unique 10-digit code that is required for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal.
PAN card, Aadhaar card, (driving license/Aadhaar/voter ID),Address proof
IEC will be issued within 15 days(working days) of the application.
Charges – 1999/-
For Free Consultation
Benefits of IEC Registration
IEC REGISTRATION
The IEC registration helps traders open the doors to venture into the global market, including registration in online e-commerce operators.
Merchandise Export from India Scheme (MEIS)
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
No compliance requirements pos registration and hence maintaining the business is relatively simple
PROCESS OF OBTAINING IEC
The process of obtaining IEC is not tedious and can be obtained with minimal, basic documents.
How to Register for an IEC
To get your import export license online, you will need to do the following simple IEC registration
steps.
Document Submission
Directorate General of Foreign Trade (DGFT)
Code Granted
- Step 1: All the required documents, including bank details and DSC, have to be submitted
- Step 2: The online IEC application form will be filed with the Directorate General of Foreign Trade (DGFT)
- 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.
Documents required for registration of Import and 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.
Eligibility
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, irrespective of the size. However, an IEC is not required for import/export of goods for personal use, which are not connected with trade, manufacture, or agriculture. There is no need for a business set up.
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.
Price- 1999/-